Let f be a regular, locally Lipschitz real-valued function defined on an open convex subset of a normed space. We show that at any unit direction u, the upper second ...

Traders’ ought to choose futures when their confidence is high regarding the directional movement of the underlying and choose options otherwise. That said, it is not uncommon for experienced traders ...

In this article, introduce new techniques to control the maximum draw-down (MDD). One can view MDD as a contingent claim, and price and hedge it accordingly as a derivatives contract. Trading ...

Picture this: you have a view that an underlying is likely to move up but could face stiff overhead resistance not far from the current price. You could initiate a long futures position along with a ...