What is risk neutral measure?
It took me a while to master the risk neutral probability and it is worth sharing my experience. The risk neutral probability is the...
On share purchase programs
A kind of structured product that has become fashionable these days are the structured share purchase programs. It is mainly used in...
On Dupire local volatility
The Dupire equation is surely one of the biggest technological discovery in Equity derivatives; it has really changed how the market...
On variable annuities
Its been a while that I haven’t looked at variable annuity products, so I am writing this post to refresh my memory tool! A variable...
