Options & volatility
Model contingent payoffs, hedging, volatility and implementation limits.
Build understanding through notation, hand calculations, Python examples and checks of the assumptions.
Options: Payoffs, Replication & Hedge Accounting
Understand nonlinear contracts before trusting a pricing or hedging model.
8 lessons · calls · puts · spreads · parity · binomial replication · Greeks · exercise
Volatility: Measurement, Surfaces & Variance Risk
Separate what happened, what is forecast and what an option price implies.
8 lessons · realized variance · EWMA · HAR · implied volatility · term structure · convexity