--- product_id: 206920045 title: "Option Market Making: Trading and Risk Analysis for the Financial and Commodity Option Markets: 21 (Wiley Finance)" price: "KD 37.16" currency: KWD in_stock: true reviews_count: 5 url: https://www.desertcart.com.kw/products/206920045-option-market-making-trading-and-risk-analysis-for-the-financial store_origin: KW region: Kuwait --- # Option Market Making: Trading and Risk Analysis for the Financial and Commodity Option Markets: 21 (Wiley Finance) **Price:** KD 37.16 **Availability:** ✅ In Stock ## Quick Answers - **What is this?** Option Market Making: Trading and Risk Analysis for the Financial and Commodity Option Markets: 21 (Wiley Finance) - **How much does it cost?** KD 37.16 with free shipping - **Is it available?** Yes, in stock and ready to ship - **Where can I buy it?** [www.desertcart.com.kw](https://www.desertcart.com.kw/products/206920045-option-market-making-trading-and-risk-analysis-for-the-financial) ## Best For - Customers looking for quality international products ## Why This Product - Free international shipping included - Worldwide delivery with tracking - 15-day hassle-free returns ## Description Approaches trading from the viewpoint of market makers and the part they play in pricing, valuing and placing positions. Covers option volatility and pricing, risk analysis, spreads, strategies and tactics for the options trader, focusing on how to work successfully with market makers. Features a special section on synthetic options and the role of synthetic options market making (a role of increasing importance on the trading floor). Contains numerous graphs, charts and tables. Review: A great and valuable guide to option market making - essential book for traders - Compact reading that introduces key concepts to trading options e.g. risk management, mistakes to avoid, delta-neutrality, broker order flows, trading fences & high volatility to name a few. Review: Outdated - A good book on market making. It is outdated under many aspects, the job has changed a lot in the last 28(!) years. In my opinion not worth the price I paid (90€) ## Technical Specifications | Specification | Value | |---------------|-------| | Best Sellers Rank | 910,156 in Books ( See Top 100 in Books ) 7,530 in Professional Finance | | Customer Reviews | 4.3 out of 5 stars 18 Reviews | ## Images ![Option Market Making: Trading and Risk Analysis for the Financial and Commodity Option Markets: 21 (Wiley Finance) - Image 1](https://m.media-amazon.com/images/I/7117IHZo9kL.jpg) ## Customer Reviews ### ⭐⭐⭐⭐⭐ A great and valuable guide to option market making - essential book for traders *by T***T on 27 October 2020* Compact reading that introduces key concepts to trading options e.g. risk management, mistakes to avoid, delta-neutrality, broker order flows, trading fences & high volatility to name a few. ### ⭐⭐⭐ Outdated *by A***R on 21 February 2021* A good book on market making. It is outdated under many aspects, the job has changed a lot in the last 28(!) years. In my opinion not worth the price I paid (90€) ### ⭐⭐⭐⭐⭐ Classic and essential, this and Hull are mandatory *by B***R on 15 November 2005* Baird's "Option Market Making" is the *other* essential options book that any serious practitioner should read. Whether you are buy-side or sell-side, or trading your own book, this work is fundamental and extends where Hull leaves off. In short, pricing models do not a bid-offer spread make, and Baird illuminates this dark world with the well-crafted sunshine of expertise, mathematical rigor, and experience. In addition, Baird's prose is clean, clear, readable and lean, without glossing over tough spots or ignoring extremes. Baird's 1993 "Option Market Making" while a bit dated, is becoming recognized as an enduring classic. Not because it is up-to-date with the latest smile dynamics from the research of Avellenada or Rebenato, but because it does what it does very well. Like a classic cookbook such as The Joy of Cooking, this work tells you how to make perfect pot roast, but not the latest slow braised chipolte-rubbed hand-aged hanger steak. Baird's "Option Market Making", indeed, is an economic anomaly, for it refutes an old chestnut: "those who can't do, teach." In the financial publishing world a book that makes or saves you money should not exist, since the expected return of taking the time and work for authorship is much lower than another economic activity (probably including flipping hamburgers). What motivated Baird? Who knows? But this is pure saved gold here. Option neophytes should not be misled: this is not a book of "secrets of" that will lead you to quick easy riches in the sometimes wild swings of delta and gamma in options markets. Rather, this is a sober, careful, useful book on the actual difficulty of making a market under uncertainty and rapidly changing information sets. This is a work for practitioners and professionals who want to survive and thrive, not "*just*drive!*" Cowboys and "feelings" punters look elsewhere to scratch your itch. Standout chapters include "Options Risk" which treats delta, gamma, lambda, theta, kappa/vega, rho, skew, and time spread risks in a clear, although direct and quick, manner. "Position Risk Profiles" covers the meat and potatoes of an options market maker: what is in your book at any one time. This chapter mercifully is not in a "panic mode" tone, but rather carefully and soberly guides you through essentials of risk determination for your entire book. The chapter "On Strategy" will be helpful for punters and those who have committed some capital to being a market maker, covering delta neutrality (yawn!), but more importantly time spreading, expiration, Fences, and high volatility periods (yeah!). It also treats broker order flow and open interest analysis in a sober way ("saucer bottom" and "reverse hook" technical analysis copter beanies need not apply). The chapter "Market Making Tactics" is perhaps the most aggressive, but it also patiently spells out what option market makers do on a daily basis. The entry on "common mistakes" alone is worth the price of this volume. Baird closes with a lighter "Observations from the Floor," which it behooves all to read nd revist upon occasion. Having worked in a pit myself, all I can say is "amen Brother, and again I say amen." --- ## Why Shop on Desertcart? - 🛒 **Trusted by 1.3+ Million Shoppers** — Serving international shoppers since 2016 - 🌍 **Shop Globally** — Access 737+ million products across 21 categories - 💰 **No Hidden Fees** — All customs, duties, and taxes included in the price - 🔄 **15-Day Free Returns** — Hassle-free returns (30 days for PRO members) - 🔒 **Secure Payments** — Trusted payment options with buyer protection - ⭐ **TrustPilot Rated 4.5/5** — Based on 8,000+ happy customer reviews **Shop now:** [https://www.desertcart.com.kw/products/206920045-option-market-making-trading-and-risk-analysis-for-the-financial](https://www.desertcart.com.kw/products/206920045-option-market-making-trading-and-risk-analysis-for-the-financial) --- *Product available on Desertcart Kuwait* *Store origin: KW* *Last updated: 2026-05-18*