Options are a great tool to create new payoffs and to hedge a portfolio. However, a lot of huge losses have been suffered by various market participants (and continue so) due to a lack of understanding of the details and mechanics of options. European Options (An Intuitive and Illustrative Approach) tackles this issue by giving a practical insight into understanding european options, their sensitivities and mechanics. European Options (An Intuitive and Illustrative Approach).
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