Automated Option Trading: Create, Optimize, and Test Automated Trading Systems

3.33 avg rating
( 3 ratings by Goodreads )
 
9780132478663: Automated Option Trading: Create, Optimize, and Test Automated Trading Systems
View all copies of this ISBN edition:
 
 

The first and only book of its kind, Automated Options Trading describes a comprehensive, step-by-step process for creating automated options trading systems. Using the authors’ techniques, sophisticated traders can create powerful frameworks for the consistent, disciplined realization of well-defined, formalized, and carefully-tested trading strategies based on their specific requirements. Unlike other books on automated trading, this book focuses specifically on the unique requirements of options, reflecting philosophy, logic, quantitative tools, and valuation procedures that are completely different from those used in conventional automated trading algorithms. Every facet of the authors’ approach is optimized for options, including strategy development and optimization; capital allocation; risk management; performance measurement; back-testing and walk-forward analysis; and trade execution. The authors’ system reflects a continuous process of valuation, structuring and long-term management of investment portfolios (not just individual instruments), introducing systematic approaches for handling portfolios containing option combinations related to different underlying assets. With these techniques, it is finally possible to effectively automate options trading at the portfolio level. This book will be an indispensable resource for serious options traders working individually, in hedge funds, or in other institutions.

"synopsis" may belong to another edition of this title.

From the Back Cover:

The Only Automated Trading Guide 100% Focused on Options

  • Fully reflects the unique characteristics of option instruments and markets
  • Covers everything from strategy development to optimization, risk management to back-testing
  • Introduces breakthrough techniques for automating option trading at the portfolio level
  • For all serious option traders working individually, in hedge funds, or in other institutions
This book presents the first comprehensive, step-by-step process for creating automated option trading systems. Using its techniques, sophisticated traders can create powerful frameworks for the consistent, disciplined realization of well-defined, formalized, and carefully tested trading strategies based on their specific requirements.

Unlike other books, Automated Option Trading focuses specifically on the unique features of options, reflecting philosophy, logic, quantitative tools, and valuation procedures that are completely different from those used in conventional automated trading algorithms. Every facet of the authors’ approach is optimized for options, including strategy development and optimization, capital allocation, risk management, performance measurement, and back-testing.

The authors’ system reflects a continuous process of valuation, structuring, and long-term management of investment portfolios (not just individual instruments), introducing systematic approaches for handling complex structures containing option combinations related to different underlying assets. With these techniques, it is finally possible to effectively automate option trading at the portfolio level.

Until now, all automated trading books have focused on traditional investments such as stocks, futures, or currencies. Options are fundamentally different. Therefore, automated option trading must be grounded in a different philosophy and must utilize different logic and quantitative procedures. In Automated Option Trading, internationally renowned experts Sergey Izraylevich and Vadim Tsudikman present the first and only start-to-finish guide to building automated trading systems for option markets.

Izraylevich and Tsudikman walk through every stage of creating automated trading systems for options and customizing them to your unique goals and strategies. Throughout, they focus on “market-neutral” trading strategies that exploit the unique characteristics of options.

Readers will learn how to build trading systems that reflect the best attributes of both “scientific” (based on economically grounded rules) and “empirical” (optimization-based) approaches and overcome the limitations of each. The authors also demonstrate how to estimate expected returns and risks in complex portfolios including many different underlying assets--enabling traders to successfully automate option trading at the portfolio level for the first time.

This book shows sophisticated option traders how to
  • Build complete frameworks for realizing profits from well-defined, formalized option strategies
  • Construct complex portfolios step-by-step from diverse option combinations
  • Apply the best available optimization techniques, utilizing both economic and empirical rules
  • Accurately measure the risks of complex structures, not just individual options
  • Allocate capital among portfolio elements in a manner that enables return maximization while maintaining an acceptable diversification level
  • Test strategies against reliable and relevant data and avoid the pitfalls of overfitting

About the Author:

Sergey Izraylevich, Ph.D., Chairman of the Board of High Technology Invest Inc., has traded options for well over a decade and currently creates automated systems for algorithmic option trading. A Futures magazine columnist, he has authored numerous articles for highly rated, peer-reviewed scientific journals. He began his career as a lecturer at The Hebrew University of Jerusalem and Tel-Hay Academic College, receiving numerous awards for academic excellence, including Golda Meir’s Prize and the Max Shlomiok honor award of distinction.

Vadim Tsudikman, President of High Technology Invest Inc., is a financial consultant and investment advisor specializing in derivatives valuation, hedging, and capital allocation in extreme market environments. With more than 15 years of option trading experience, he develops complex trading systems based on multicriteria analysis and genetic optimization algorithms.

Izraylevich and Tsudikman coauthored Systematic Options Trading (FT Press) and regularly coauthor Futures magazine articles on cutting-edge issues related to option pricing, volatility, and risk management.

"About this title" may belong to another edition of this title.

Buy New View Book
List Price: US$ 79.99
US$ 133.65

Convert currency

Shipping: US$ 9.62
From United Kingdom to U.S.A.

Destination, rates & speeds

Add to Basket

Top Search Results from the AbeBooks Marketplace

1.

Izraylevich, Sergey/ Tsudikman, Vadim
Published by Ft Pr (2012)
ISBN 10: 0132478668 ISBN 13: 9780132478663
New Hardcover Quantity Available: 1
Seller:
Revaluation Books
(Exeter, United Kingdom)
Rating
[?]

Book Description Ft Pr, 2012. Hardcover. Condition: Brand New. 1st edition. 304 pages. 9.30x7.60x1.20 inches. In Stock. Seller Inventory # zk0132478668

More information about this seller | Contact this seller

Buy New
US$ 133.65
Convert currency

Add to Basket

Shipping: US$ 9.62
From United Kingdom to U.S.A.
Destination, rates & speeds

2.

Sergey Izraylevich Ph.D.; Vadim Tsudikman
Published by FT Press (2012)
ISBN 10: 0132478668 ISBN 13: 9780132478663
New Hardcover Quantity Available: 1
Seller:
Irish Booksellers
(Portland, ME, U.S.A.)
Rating
[?]

Book Description FT Press, 2012. Condition: New. book. Seller Inventory # M0132478668

More information about this seller | Contact this seller

Buy New
US$ 189.85
Convert currency

Add to Basket

Shipping: US$ 3.27
Within U.S.A.
Destination, rates & speeds

3.

Izraylevich Ph.D., Sergey, Tsudikman, Va
Published by FT Press (2012)
ISBN 10: 0132478668 ISBN 13: 9780132478663
New Hardcover Quantity Available: 2
Seller:
Murray Media
(NORTH MIAMI BEACH, FL, U.S.A.)
Rating
[?]

Book Description FT Press, 2012. Hardcover. Condition: New. Never used!. Seller Inventory # P110132478668

More information about this seller | Contact this seller

Buy New
US$ 309.16
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

4.

Sergey Izraylevich Ph.D., Vadim Tsudikman
Published by FT Press (2012)
ISBN 10: 0132478668 ISBN 13: 9780132478663
New Hardcover Quantity Available: 1
Seller:
Ergodebooks
(RICHMOND, TX, U.S.A.)
Rating
[?]

Book Description FT Press, 2012. Hardcover. Condition: New. 1. Seller Inventory # DADAX0132478668

More information about this seller | Contact this seller

Buy New
US$ 369.56
Convert currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, rates & speeds

5.

Izraylevich Ph.D., Sergey; Tsudikman, Vadim
Published by FT Press
ISBN 10: 0132478668 ISBN 13: 9780132478663
New Hardcover Quantity Available: 1
Seller:
Cloud 9 Books
(Wellington, FL, U.S.A.)
Rating
[?]

Book Description FT Press. Hardcover. Condition: New. 0132478668 New Condition. Seller Inventory # NEW99.0046884

More information about this seller | Contact this seller

Buy New
US$ 1,302.70
Convert currency

Add to Basket

Shipping: US$ 4.99
Within U.S.A.
Destination, rates & speeds