Var.swaps, dispersion & other vol related trading.

Discussion in 'Options' started by Tony Optionaro, Dec 28, 2020.

  1. I could also quote the Sopranos during the whole interview..

     
    #31     Dec 29, 2020
  2. Well you still haven't specified. Masters or PhD?
     
    #32     Dec 29, 2020
  3. First page of this thread.
     
    #33     Dec 29, 2020
  4. taowave

    taowave

    If you can pull of the Jersey accent,Ild go for it

     
    #34     Dec 29, 2020
    Tony Optionaro likes this.
  5. #35     Dec 29, 2020
  6. B Lucci

    B Lucci

    Found this on EBSCO's Thesis/Dissertations website:
    ___________________________________________________________________________

    Mean-swap Variance, Portfolio Theory and Asset Pricing

    Authors:
    Wang, Zhan

    Year:
    2018

    Summary:
    The primary focus of this dissertation is a new risk measure, Swap Variance (SwV), and its applications to expected utility maximization, portfolio theory, and capital asset pricing models (CAPM) with loss aversion and gain preference. Superior to the classical mean-variance (MV) model, the mean-swap variance (MSwV) efficiency is consistent with expected utility maximization for all concave utility without any restriction on the form of either utility function or return distributions.

    ___________________________________________________________________________


    Is this what you had in mind?

    Best
     
    #36     Dec 29, 2020
  7. Atikon

    Atikon

    #37     Dec 29, 2020
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  8. Atikon

    Atikon

    @Tony Optionaro

    I did my master thesis this year, rough volatility combinded with fractional brownian motion is all the rage now from what I've learned. If you go into Sales just go with something easy. 2nd job in no one cares about your master thesis. I've choosen a topic that I liked and that would elevate my trading skills.
     
    #38     Dec 29, 2020
    taowave and Tony Optionaro like this.
  9. Just because certain things, or life in general, didn't work out for you, doesn't mean others shouldn't give it at least a try.
     
    #39     Dec 29, 2020
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  10. B Lucci

    B Lucci

    He'll need some funds to compete with all the thesis/dissertations writers who have opined about variance swaps. For example;

    ________________________________________________________________________
    An optimal approximation for the payoffs of variance swaps in static replication

    Authors:
    Chen, Qiang
    Advisors:
    Wang, James L.
    Wu, Zhijian
    Xiao, Yang

    Year:
    2014


    Document Type:
    thesis


    Summary:
    In this dissertation, we create a portfolio of simple vanilla put and call options as an optimal approximation of nonlinear payoffs by using static replication (1995, 1998) [1, 2] under certain measure which is called E(a,b,N,f). More specifically, we focus on the static replication of variance swaps payoffs because of their popularity in current financial market [3]. The analysis is motivated by the following reasons. Due to the limited availability of strike prices with traded vanilla options, static replication is only an approximation [1]. Bradie and Jain (2008) [4] used Black-Scholes and Heston stochastic volatility model to find the optimal approximation. Liu (2010) [5] created three approximation methods. In order to improve the approximation, we use a new measure for the static replication to construct the replicating portfolio with lower cost compared with the current methods.
    __________________________________________________________________________

    Looks to me like he's already been trumped by the gang from China. In th menime I'll continue to plug along with my simple /ES credit spreads. Not fancy but it works.

    Best (and Happy New Year everyone)
     
    #40     Dec 29, 2020
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