Investors and portfolio managers must always look for ways to minimize risk while enhancing return. In Equity Flex Options, the authors illustrate how equity FLEX options are a stunning solution to many previously intractable financial problems. The book shows how to use E-FLEX options to reduce the market impact of the sale or purchase of a large block of stock, to repurchase stock for the account of its corporate issuer, and to modify an investor’s risk in a wide variety of ways. E-FLEX options, unlike other exchange-traded options, have no position limits and can have very low transaction costs as well as non-standard terms. Equity Flex Options is a comprehensive manual to this alternative investment tool.
Book Details:
- Author: James J. Angel
- ISBN: 9780470253496
- Year Published: 1999
- Pages: 102
- BISAC: BUS036000, BUSINESS & ECONOMICS/Investments & Securities / General
About the Book and Topic:
Investors and portfolio managers must always look for ways to minimize risk while enhancing return. In Equity Flex Options, the authors illustrate how equity FLEX options are a stunning solution to many previously intractable financial problems. The book shows how to use E-FLEX options to reduce the market impact of the sale or purchase of a large block of stock, to repurchase stock for the account of its corporate issuer, and to modify an investor’s risk in a wide variety of ways. E-FLEX options, unlike other exchange-traded options, have no position limits and can have very low transaction costs as well as non-standard terms. Equity Flex Options is a comprehensive manual to this alternative investment tool.
1. Introduction 2. The Institutional Options Revolution 3. Applications of Equity FLEX Options 4. Equity FLEX Options and Corporate Stock Repurchase Programs 5. The Economics of Synthetic Stock Based on Equity FLEX Options 6. Equity FLEX Procedures Appendix A. Terms Used in Equity FLEX Transactions Appendix B. When Will It Be Possible to Customize Call Strike Prices?
About the Author
Frank J. Fabozzi is a financial consultant, the editor of the Journal of Portfolio Management, and Adjunct Professor of Finance at Yale University’s School of Management.