Recent content by yanyan

He has so many friends, but nothing on his wall!

I have a strong feeling that you are Leroy

It's very good marketing.

That's good news :)

I should admit that Peter's explanation is logically beautiful if we agree that "What a call option does in general is, it gives the holder the right to buy something with a variable value at a prescribed (strike) price at a prescribed time in the future." It's an interesting aspect overlooked...

I google a lot before I asked question here. BUT there are too many suspicious websites (our risk management professor always says so ). Just listing these links are not convincing. Confirmation from practitioner is more useful. @Peter, remember Bob said in financial industry, we always use the...

I like your way of memorizing this definition:)

hehe, finally there is an official definition. Thanks all for answering my questions.

Yes, payer/receiver swaptions are another names for them, which are very clear. The unclear thing about the so-called call swaption is whether it's call on IR or call on a bond(in FRM, it's defined as call on a bond). I am just curious which definition practitioners use.

Hehe, that's why I am confusing. Thanks!

The definition given in FRM handbook is: Call swaption is "option to pay floating and receive fixed", while I also see the opposite definition("pay fixed") from a lot of places. What's the definition in the industry? Conventionally, people treat it as a call on bond or a call on interest rate?

I think it depends on your previous background. If you are not coming from mathematics, or CS, or engineering, MFE is a little bit too difficult for you. Of course you can do it, by working harder than other young kids, who are in their good condition, physically and intellectually.

Hi I don't know what kind of further information you need. All my background is listed on the student profile on our website.

I agree. Mandarin is a must, Cantonese is just an advantage.

Any recommendation for time series? Thanks!