Options Markets [Paperback]

John C. Cox (Author), Mark Rubinstein (Author)

Book Description

ISBN-10: 0136382053 | ISBN-13: 978-0136382058 | Publication Date: February 8, 1985 | Edition: 1st

This exploration of options markets blends institutional practice with theoretical research. Discusses theoretical models for the valuation of options and outlines trading strategies for puts and calls.

Editorial Reviews

From the Publisher

This exploration of options markets blends institutional practice with theoretical research.

From the Back Cover

This exploration of options markets blends institutional practice with theoretical research.Discusses theoretical models for the valuation of options and outlines trading strategies for puts and calls.

Product Details

• Paperback: 498 pages
• Publisher: Prentice Hall; 1st edition (February 8, 1985)
• Language: English
• ISBN-10: 0136382053
• ISBN-13: 978-0136382058
• Product Dimensions: 9.1 x 6.1 x 1.1 inches
• Shipping Weight: 1.7 pounds (View shipping rates and policies)
• Average Customer Review: 4.8 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #287,330 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

9 of 9 people found the following review helpful:

4.0 out of 5 stars Still one of the great options theory books., November 13, 2000

By 

tbonds "tbonds" (USA) - See all my reviews

This review is from: Options Markets (Paperback)

I bought this book 7 years ago, and just recently took it back off the shelf to read/reread sections related to my current work. Book is packed with explanations that facilitate understanding of these complex instruments. And it's nice to see how the binomial model is developed by its inventors. I highly recommend this book to all seeking to understand how to price and analyse options. The reason I gave it 4 stars was that book has an equities focus.

11 of 12 people found the following review helpful:

5.0 out of 5 stars Your Option, My Recommendation, May 16, 2004

By 

Michael Ashley Schulman, Cfa (Newport Beach, CA, USA) - See all my reviews
(REAL NAME)   

This review is from: Options Markets (Paperback)

This was our options text book at the MIT Sloan School of Management. For all the technicalities involved, "Options Markets" is relatively easy to understand and follow with plenty of examples charts, graphs and tables.

John C. Cox and Mark Rubinstein also provide sage advice and recaps, even far into the book, for example:
"for initiating and maintaining neutral positions:
1. Never initiate a neutral position where one side of the position is unfavorable
2. Whenever one side...becomes unfavorable, liquidate that side and replace it with another option with a favorable price
3. Never adjust by buying an overpriced option or selling an underpriced option
4. If possible, always adjust by buying an underpriced option or selling an overpriced option

Although the book is a little old, the fundamental principals are sound and so well explained as to make this a truly valuable learning tool for puts, calls, market structure, general arbitrage relationships, exact option pricing formulas, and general option applications.

9 of 10 people found the following review helpful:

5.0 out of 5 stars options markets, May 13, 2000

By 

evangelos lytos - See all my reviews

This review is from: Options Markets (Paperback)

Always an up-to-date work. The excellent analysis of every aspect of options ranks it a must for the researcher (speculator or agent trader) in order to comprehend thoroughly the real nature and forces of the derivative instruments of the markets and obtain a strong infrastucture for consequent reading on strategies and technical analysis. Mathematics of the book are plain and worth reading to the last equation, for they prove to be the key to the understanding and valuation of any novelty work on the subject.The authors' state-of-the-art multiple remarks and explanations on options prices,their factors and sensitivity factors makes it an everyday's book, besides its academic value. A stand alone book for traders that once you get it is to be read over and over in sequence with any new techniques to be tested.