PRICING, HEDGING, AND TRADING EXOTIC OPTIONS is the first all-in-one reference to walk traders and investors through today's exotic options minefield. Devoting a chapter to each of over twenty popular products, it describes in detail:When and where each exotic should be used--or avoided;Practical, step-by-step applications for many types of markets; Pricing methods both with and without the Black-Scholes assumptions; Low-risk, high-potential proprietary trading positions; Techniques for dealers to address the challenges of a one-sided book; Tips for non-dealer financial institutions to use exotics for asset/liability mismatches; Complex yet practical hedge structures to match underlying exposures; In-depth explanation of active versus passive structures. Find out today the different types of exotic options, which types work best for each situation, and step-by-step trading scenarios for over 20 exotics in Israel Nelken's powerhouse PRICING, HEDGING, AND TRADING EXOTIC OPTIONS.