An American put option gives its owner the right to sell a share of stock at a given specified price on or before a given date. This book provides a detailed co

Includes the first published detailed description of option exchange operations, the first published treatment using only elementary mathematics and the first s

It's not hard to understand why options trading continues to growin popularity, especially among sophisticated investors with largestock portfolios. Options are

From the perspective of partial differential equations (PDE), this book introduces the Black-Scholes-Merton's option pricing theory. A unified approach is used