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Resources

Markets are infested with jargon, technical language used by market professionals as a weapon, as a barrier to entry. The glossaries provided both before certain chapters and at the end of this book should help the reader to understand some of the more commonly used language in the options world. Beyond that, there are a number of websites that provide explanations of financial terms. My personal preference is www.investopedia.com but there are plentiful alternatives.

On the subject of websites, all of the major derivatives exchanges provide a wide range of information, both market related and educational, the vast majority of which is free. LIFFE publish the settlement prices, deltas, implied volatilities, etc. of every option traded on the exchange on a daily basis. Further, LIFFE provide lots of useful educational material on all of the various derivatives traded upon the exchange. Web addresses of some of the major exchanges are listed below.

LIFFE (derivatives arm of NYSE Euronext group): www.liffe.com

EDX (derivatives arm of LSE): www.londonstockexchange.com/en-gb/edx

EUREX (German/Swiss exchange): www.eurexchange.com

Chicago Mercantile Exchange (CME): www.cmegroup.com

Intercontinental Exchange (ICE): www.theice.com

NASDAQ: www.nasdaq.com

New York Mercantile Exchange (NYMEX): www.nymex.com

One key resource that is often overlooked is brokers. A good option broker will be able to provide all kinds of valuable information both verbally and via their website. ...

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