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Everything filed under business — careers, entrepreneurship, investing, and 3 more.

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  • Motivational Audio

    How to Recruit a Technical Co-Founder | Dan Martell

    Learn how to recruit the right technical co-founder with Dan Martell’s strategies for finding talent, building trust, and creating a strong startup team.

    Today · 8 min
  • 9Natree Turkish

    [İncelemesi] Trade Wars Are Class Wars (Matthew C. Klein) Özeti.

    Trade Wars Are Class Wars (Matthew C. Klein) - Amazon Türkiye Store: https://www.amazon.com.tr/dp/0300261446?tag=9natreetr-21 - Amazon Worldwide Store: https://global.buys.trade/Trade-Wars-Are-Class-Wars-Matthew-C-Klein.html - Apple Books: https://books.apple.com/us/audiobook/trade-wars-are-class-wars-how-rising-inequality-distorts/id1642887286?itsct=books_box_link&itscg=30200&ls=1&at=1001l3bAw&ct=9natree - eBay: https://www.ebay.com/sch/i.html?_nkw=Trade+Wars+Are+Class+Wars+Matthew+C+Klei

    Today · 11 min
  • Motivational Audio

    8 Ways for Teenagers to Make Money | Dan Martell

    Discover 8 practical ways teenagers can make money, build valuable skills, gain experience, and start creating their own income with Dan Martell’s advice.

    Today · 11 min
  • Patrick Boyle

    The Volatility Smile - Options Trading Lessons

    The volatility smile is a real-life pattern that is observed when different strikes of option, with the same underlying and same expiration date are plotted on a graph. These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/ Follow Patrick on twitter here: https://twitter.com/PatrickEBoyle Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance Volatility smiles are implied volatility patterns that arise in pricing financial options. It corresponds to finding one single parameter (implied volatility) that is needed to be modified for the Black-Scholes formula to fit market prices. In particular for a given expiration, options whose strike price differs substantially from the underlying asset's price command higher prices (and thus implied volatilities) than what is suggested by standard option pricing models. These options are said to be either deep in-the-money or out-of-the-money. Graphing implied volatilities against strike prices for a given expiry yields a skewed "smile" instead of the expected flat surface. The pattern differs across various markets. Equity options traded in American markets did not show a volatility smile before the Crash of 1987 but began showing one afterwards. It is believed that investor reassessments of the probabilities of fat-tail have led to higher prices for out-of-the-money options. This anomaly implies deficiencies in the standard Black-Scholes option pricing model which assumes constant volatility and log-normal distributions of underlying asset returns. Empirical asset returns distributions, however, tend to exhibit fat-tails (kurtosis) and skew. Modelling the volatility smile is an active area of research in quantitative finance, and better pricing models such as the stochastic volatility model partially address this issue. A related concept is that of term structure of volatility, which describes how (implied) volatility differs for related options with different maturities. We will be learning about that in tomorrows video. An implied volatility surface is a 3-D plot that plots volatility smile and term structure of volatility in a consolidated three-dimensional surface for all options on a given underlying asset. Learn more about your ad choices. Visit megaphone.fm/adchoices

    Today · 18 min

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