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My undergrad was in comp. engineering and finance - and yes I did work in finance, although I'm now in tech. I find it hard to understand how to price many opti
by victorhooi 10y ago
My undergrad was in comp. engineering and finance - and yes I did work in finance, although I'm now in tech. I find it hard to understand how to price many options grants, and I would still say I regard it as a gamble.
To think you can become an expert in options theory, or how to price them in a weekend is a bit ambitious (if not outright hubris).
There are people's who entire jobs is to try and figure out whether a particular option is priced correctly or not (or whether it will even make money or not). And even they get it wrong fairly often.
And that's just the pricing. Then there's all the legal mumbo-jumbo around them.
Sure, we nerds might think we're smart, but we can't become an expert in any subject just like that =).
Of course, if you happen to have a CS or engineering background, combined with a law degree and a finance degree, you might stand a chance...haha.
- YuriNiyazov 10y agoDid I say "expert"? I certainly don't expect one to become an expert. But basic understanding, enough not to get screwed? Yes, I expect one to understand the basics in a weekend.