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Daisuke Nakazato
This course is organized into three stages; beginners, intermediate, and professional.
The beginner’s level (Section 1), using a simple binomial model, explains why you can make money using what you have learned about the Black-Scholes theory in a basic finance course. This is sufficient to use for a personal winning experience.
Read more
This course is organized into three stages; beginners, intermediate, and professional.
The beginner’s level (Section 1), using a simple binomial model, explains why you can make money using what you have learned about the Black-Scholes theory in a basic finance course. This is sufficient to use for a personal winning experience.
Read more
This course is organized into three stages; beginners, intermediate, and professional.
The beginner’s level (Section 1), using a simple binomial model, explains why you can make money using what you have learned about the Black-Scholes theory in a basic finance course. This is sufficient to use for a personal winning experience.
At the intermediate level (Sections 2-3), we review the Black-Scholes model in an alternative way as a preparation for more advanced applications. We give closed-form solutions for futures and European options in Section 3. Especially futures formula is general and can be used even when the underlying has jumps in the valuation process.
At the professional level (Section 4), it is not possible to lay down the entire propriety system design in a single lecture. We point in the direction of the core design.
What you'll learn
- Use the Black-Scholes model professionally.
- Use the simple binomial model, and price an option precisely fitting your hedging requirements, the core idea for a layperson.
- Design concepts needed for proprietary trading of sophisticated tailor-made derivative products using the Black-Scholes model and multi-risk-factors extension, used for professionals.
Register for this course and see more details by visiting:
OpenCourser.com/course/163zvy/the
What's inside
Learning objectives
- Use the black-scholes model professionally.
- Use the simple binomial model, and price an option precisely fitting your hedging requirements, the core idea for a layperson.
- Design concepts needed for proprietary trading of sophisticated tailor-made derivative products using the black-scholes model and multi-risk-factors extension, used for professionals.
- Use the black-scholes model professionally.
- Use the simple binomial model, and price an option precisely fitting your hedging requirements, the core idea for a layperson.
- Design concepts needed for proprietary trading of sophisticated tailor-made derivative products using the black-scholes model and multi-risk-factors extension, used for professionals.
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Suitable for laypeople in finance who want to make money using the Black-Scholes theory learned in a basic finance course
Provides a solid foundation for intermediate learners in finance, preparing them for advanced applications of the Black-Scholes model
Taught by Daisuke Nakazato, who has a strong reputation in the field of finance
Covers advanced concepts, such as multi-risk-factors extension, used by professionals in proprietary trading
Involves hands-on practice with the binomial model to help learners apply the concepts more effectively
Requires learners to have a basic understanding of the Black-Scholes theory, which may pose a barrier for complete beginners
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Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in The Black-Scholes Model: For Proprietary Trading with these
activities:
Review mathematical concepts relevant to the Black-Scholes model
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Strengthen your mathematical foundation by reviewing concepts essential for understanding the Black-Scholes model.
Browse courses on
Probability
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-
Identify the mathematical concepts relevant to the Black-Scholes model.
-
Review your lecture notes or textbooks covering those concepts.
-
Complete practice problems to test your understanding.
Review book on Black-Scholes model
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Develop a foundational understanding of the Black-Scholes model by reading a comprehensive reference text.
View
Melania
on Amazon
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-
Acquire a copy of the book.
-
Read the chapters relevant to the Black-Scholes model.
-
Take notes and highlight important concepts.
-
Complete the practice exercises at the end of each chapter.
Practice binomial model on online platform
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Gain proficiency in applying the binomial model to price options by practicing on an interactive platform.
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Binomial Model
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Create an account on the online platform.
-
Select the binomial model practice exercises.
-
Complete the exercises and review your results.
Five other activities
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Collaborate with peers on a Black-Scholes project
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Enhance your understanding of the Black-Scholes model by collaborating with peers on a project.
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Black-Scholes Model
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-
Form a study group with other students in the course.
-
Select a project related to the Black-Scholes model.
-
Divide the project into smaller tasks and assign them to group members.
-
Work together to complete the project and present your findings.
Follow online tutorials on advanced Black-Scholes applications
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Expand your knowledge of the Black-Scholes model by exploring advanced applications through guided tutorials.
Browse courses on
Options Trading
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-
Identify online tutorials that cover advanced Black-Scholes applications.
-
Watch the tutorials and take notes on the key concepts.
-
Apply the techniques learned in the tutorials to practical examples.
Attend a workshop on advanced options trading strategies
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Gain practical insights into advanced options trading strategies by attending a specialized workshop.
Browse courses on
Black-Scholes Model
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-
Identify workshops on advanced options trading strategies.
-
Register for a workshop that aligns with your learning goals.
-
Attend the workshop and actively participate in the discussions.
Design a trading strategy using Black-Scholes model
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Apply your knowledge of the Black-Scholes model to develop a trading strategy and evaluate its potential performance.
Browse courses on
Trading Strategy
Show steps
-
Identify a trading opportunity based on the Black-Scholes model.
-
Develop a trading strategy that incorporates the identified opportunity.
-
Calculate the potential profit and loss of the strategy using the Black-Scholes model.
-
Evaluate the robustness of the strategy under different market conditions.
Contribute to open-source projects related to financial modeling
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Deepen your understanding of the Black-Scholes model and financial modeling by contributing to open-source projects.
Browse courses on
Financial Modeling
Show steps
-
Identify open-source projects related to financial modeling.
-
Review the project documentation and identify areas where you can contribute.
-
Make code contributions or provide feedback to the project community.
Review mathematical concepts relevant to the Black-Scholes model
Show steps
Strengthen your mathematical foundation by reviewing concepts essential for understanding the Black-Scholes model.
Browse courses on
Probability
Show steps
Show steps
Show steps
- Identify the mathematical concepts relevant to the Black-Scholes model.
- Review your lecture notes or textbooks covering those concepts.
- Complete practice problems to test your understanding.
Review book on Black-Scholes model
Show steps
Develop a foundational understanding of the Black-Scholes model by reading a comprehensive reference text.
View
Melania
on Amazon
Show steps
Show steps
Show steps
- Acquire a copy of the book.
- Read the chapters relevant to the Black-Scholes model.
- Take notes and highlight important concepts.
- Complete the practice exercises at the end of each chapter.
Practice binomial model on online platform
Show steps
Gain proficiency in applying the binomial model to price options by practicing on an interactive platform.
Browse courses on
Binomial Model
Show steps
Show steps
Show steps
- Create an account on the online platform.
- Select the binomial model practice exercises.
- Complete the exercises and review your results.
Five other activities
Expand to see all activities and additional details
Show all eight activities
Collaborate with peers on a Black-Scholes project
Show steps
Enhance your understanding of the Black-Scholes model by collaborating with peers on a project.
Browse courses on
Black-Scholes Model
Show steps
Show steps
Show steps
- Form a study group with other students in the course.
- Select a project related to the Black-Scholes model.
- Divide the project into smaller tasks and assign them to group members.
- Work together to complete the project and present your findings.
Follow online tutorials on advanced Black-Scholes applications
Show steps
Expand your knowledge of the Black-Scholes model by exploring advanced applications through guided tutorials.
Browse courses on
Options Trading
Show steps
Show steps
Show steps
- Identify online tutorials that cover advanced Black-Scholes applications.
- Watch the tutorials and take notes on the key concepts.
- Apply the techniques learned in the tutorials to practical examples.
Attend a workshop on advanced options trading strategies
Show steps
Gain practical insights into advanced options trading strategies by attending a specialized workshop.
Browse courses on
Black-Scholes Model
Show steps
Show steps
Show steps
- Identify workshops on advanced options trading strategies.
- Register for a workshop that aligns with your learning goals.
- Attend the workshop and actively participate in the discussions.
Design a trading strategy using Black-Scholes model
Show steps
Apply your knowledge of the Black-Scholes model to develop a trading strategy and evaluate its potential performance.
Browse courses on
Trading Strategy
Show steps
Show steps
Show steps
- Identify a trading opportunity based on the Black-Scholes model.
- Develop a trading strategy that incorporates the identified opportunity.
- Calculate the potential profit and loss of the strategy using the Black-Scholes model.
- Evaluate the robustness of the strategy under different market conditions.
Contribute to open-source projects related to financial modeling
Show steps
Deepen your understanding of the Black-Scholes model and financial modeling by contributing to open-source projects.
Browse courses on
Financial Modeling
Show steps
Show steps
Show steps
- Identify open-source projects related to financial modeling.
- Review the project documentation and identify areas where you can contribute.
- Make code contributions or provide feedback to the project community.
Career center
Learners who complete The Black-Scholes Model: For Proprietary Trading will develop knowledge and skills
that may be useful to these careers:
Quantitative Analyst
Quantitative Analyst
Quantitative Analysts (Quants) develop and use mathematical and statistical models to analyze financial data and make trading decisions. The Black-Scholes Model: For Proprietary Trading course would provide you with the skills and knowledge to succeed in this role. The course will provide you with a deep understanding of the Black-Scholes model and how it is used to price options. Additionally, the course will provide you with the skills you need to develop and use other quantitative models for financial analysis.
Financial Analyst
Financial Analyst
Financial Analysts are responsible for evaluating and making recommendations on investments. The Black-Scholes Model: For Proprietary Trading course would provide you with the skills and knowledge necessary to succeed in this role. The course will help you understand how to use the Black-Scholes model to price options, which is a key skill for Financial Analysts. Additionally, the course will provide you with a deep understanding of the financial markets and how they operate. This knowledge will be invaluable in your role as a Financial Analyst.
Portfolio Manager
Portfolio Manager
Portfolio Managers are responsible for managing investment portfolios for individuals and institutions. The Black-Scholes Model: For Proprietary Trading course would provide you with the skills and knowledge necessary to succeed in this role. The course will help you understand how to use the Black-Scholes model to evaluate and select options for your portfolio. Additionally, the course will provide you with a deep understanding of the financial markets and how they operate. This knowledge will be invaluable in your role as a Portfolio Manager.
Hedge Fund Manager
Hedge Fund Manager
Hedge Fund Managers are responsible for managing investment portfolios for high-net-worth individuals and institutions. The Black-Scholes Model: For Proprietary Trading course would provide you with the skills and knowledge necessary to succeed in this role. The course will help you understand how to use the Black-Scholes model to evaluate and select options for your portfolio. Additionally, the course will provide you with a deep understanding of the financial markets and how they operate. This knowledge will be invaluable in your role as a Hedge Fund Manager.
Risk Manager
Risk Manager
Risk Managers are responsible for assessing and managing financial risks for companies. The Black-Scholes Model: For Proprietary Trading course would provide you with the skills and knowledge necessary to succeed in this role. The course will help you understand how to use the Black-Scholes model to measure and manage risk. Additionally, the course will provide you with a deep understanding of the financial markets and how they operate. This knowledge will be invaluable in your role as a Risk Manager.
Mathematician
Mathematician
Mathematicians use mathematical theories and techniques to solve problems in a variety of fields, including finance. The Black-Scholes Model: For Proprietary Trading course would provide you with the skills and knowledge necessary to succeed in this role. The course will provide you with a deep understanding of the Black-Scholes model and its applications in the financial markets. Additionally, the course will provide you with the mathematical skills you need to develop and use other quantitative models.
Trader
Trader
Traders buy and sell securities for their own account or for the account of their clients. The Black-Scholes Model: For Proprietary Trading course would provide you with the skills and knowledge necessary to succeed in this role. The course will help you understand how to use the Black-Scholes model to price and trade options. Additionally, the course will provide you with a deep understanding of the financial markets and how they operate. This knowledge will be invaluable in your role as a Trader.
Data Scientist
Data Scientist
Data Scientists use data to solve problems and make decisions. The Black-Scholes Model: For Proprietary Trading course would provide you with the skills and knowledge necessary to succeed in this role. The course will provide you with a deep understanding of the Black-Scholes model and how it is used to analyze financial data. Additionally, the course will provide you with the data science skills you need to collect, clean, and analyze data.
Actuary
Actuary
Actuaries assess and manage financial risks for insurance companies and other financial institutions. The Black-Scholes Model: For Proprietary Trading course would provide you with the skills and knowledge necessary to succeed in this role. The course will help you understand how to use the Black-Scholes model to measure and manage risk. Additionally, the course will provide you with a deep understanding of the financial markets and how they operate. This knowledge will be invaluable in your role as an Actuary.
Financial Advisor
Financial Advisor
Financial Advisors help individuals and families with their financial planning needs. The Black-Scholes Model: For Proprietary Trading course would provide you with the skills and knowledge to succeed in this role. The course will help you understand how to use the Black-Scholes model to advise your clients on investment decisions. Additionally, the course will provide you with a deep understanding of the financial markets and how they operate. This knowledge will be invaluable in your role as a Financial Advisor.
Corporate Finance Associate
Corporate Finance Associate
Corporate Finance Associates are responsible for analyzing and advising on financial transactions for companies. The Black-Scholes Model: For Proprietary Trading course would provide you with the skills and knowledge necessary to succeed in this role. The course will help you understand how to use the Black-Scholes model to evaluate and select options for your clients. Additionally, the course will provide you with a deep understanding of the financial markets and how they operate. This knowledge will be invaluable in your role as a Corporate Finance Associate.
Investment Banker
Investment Banker
Investment Bankers help companies raise capital and advise them on financial transactions. The Black-Scholes Model: For Proprietary Trading course would provide you with the skills and knowledge necessary to succeed in this role. The course will help you understand how to use the Black-Scholes model to evaluate and select options for your clients. Additionally, the course will provide you with a deep understanding of the financial markets and how they operate. This knowledge will be invaluable in your role as an Investment Banker.
Economist
Economist
Economists study how economies work and how they affect people's lives. The Black-Scholes Model: For Proprietary Trading course would provide you with the skills and knowledge necessary to succeed in this role. The course will help you understand how to use the Black-Scholes model to analyze economic data and forecast economic trends. Additionally, the course will provide you with a deep understanding of the financial markets and how they operate. This knowledge will be invaluable in your role as an Economist.
Software Engineer
Software Engineer
Software Engineers design, develop, and maintain software applications. The Black-Scholes Model: For Proprietary Trading course may be useful for you in this role if you are interested in developing software applications for the financial industry. The course will provide you with a deep understanding of the Black-Scholes model and how it is used to analyze financial data. Additionally, the course will provide you with the software engineering skills you need to design and develop robust and efficient applications.
Accountant
Accountant
Accountants prepare and maintain financial statements for businesses and organizations. The Black-Scholes Model: For Proprietary Trading course may be useful for you in this role if you are interested in working in the financial industry. The course will provide you with a basic understanding of the Black-Scholes model and how it is used to price options. Additionally, the course will provide you with the accounting skills you need to prepare and maintain financial statements.
For more career information including salaries, visit:
OpenCourser.com/course/163zvy/the
Reading list
We've selected 12 books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
The Black-Scholes Model: For Proprietary Trading.
Provides a comprehensive overview of options, futures, and derivatives, making it a valuable resource for anyone interested in learning more about these financial instruments.
Provides a comprehensive overview of fixed income securities. It valuable reference for professionals in the financial industry.
Provides a comprehensive overview of commodity derivatives. It valuable reference for professionals in the financial industry.
Provides a comprehensive overview of real estate derivatives. It valuable reference for professionals in the financial industry.
Provides a comprehensive overview of portfolio management. It valuable reference for professionals in the financial industry.
Provides a comprehensive overview of performance measurement. It valuable reference for professionals in the financial industry.
Save
Provides a clear and concise introduction to financial calculus, making it a valuable resource for anyone who wants to learn more about the mathematical foundations of derivative pricing.
Provides a rigorous treatment of continuous-time financial models, making it a valuable resource for anyone who wants to learn more about the mathematical foundations of modern finance.
Provides a comprehensive treatment of Brownian motion and stochastic calculus, making it a valuable resource for anyone who wants to learn more about the mathematical foundations of stochastic processes.
Provides a clear and concise introduction to stochastic calculus applied to finance, making it a valuable resource for anyone who wants to learn more about the mathematical foundations of modern finance.
Provides a comprehensive overview of risk management and financial institutions, making it a valuable resource for anyone who wants to learn more about these important topics.
Provides a comprehensive overview of derivative securities and risk management, making it a valuable resource for anyone who wants to learn more about these important topics.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/163zvy/the
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Effort
3 to 8 hours per week for 4 weeks
Level
Introductory
Via
edX
Institution
Waseda University
Instructor
Daisuke Nakazato
Session
March 19, 2024
- May 1, 2024
Language
English
Transcript
English
Good to know
Suitable for laypeople in finance who want to make money using the Black-Scholes theory learned in a basic finance course
Provides a solid foundation for intermediate learners in finance, preparing them for advanced applications of the Black-Scholes model
Taught by Daisuke Nakazato, who has a strong reputation in the field of finance
Covers advanced concepts, such as multi-risk-factors extension, used by professionals in proprietary trading
Involves hands-on practice with the binomial model to help learners apply the concepts more effectively
Requires learners to have a basic understanding of the Black-Scholes theory, which may pose a barrier for complete beginners
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