README
What this site is and how to get around.
On this page
A collection of concepts from books and the web that seemed worth keeping. So they do not get lost, and so there is somewhere to come back to.
How to navigate
Four items in the header:
- Posts - home page, every note sorted by date.
- Tags - the same posts grouped by topic (
options,hedging, etc.). - Search - full-text search over titles and body.
- RSS - feed for a reader.
On the right: language switch (EN / RU) and theme. If a post has a translation, a link to the other version appears on the post page.
Long posts also have a table of contents on the left, built from headings.
Where to start
Order matters. Most of this series is still Russian-only.
- What options are - price as cost of hedge, calls and puts, why density matters.
- Price formula and Breeden-Litzenberger density - from payoff integral to density via butterflies.
- Black-Scholes via delta hedging - gamma, theta, and the BS balance.