Dynamic Hedging book cover by Nassim Nicholas Taleb
Book

Dynamic Hedging

Managing Vanilla and Exotic Options

Nassim Nicholas Taleb

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Dynamic Hedging is Nassim Nicholas Taleb's professional book on hedging vanilla and exotic options. ChartClub lists the January 1997 Wiley hardcover. It is a risk manual for people who already trade options, not a strategy that pays because it was published.

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Listing facts checked 2026-10-10.

Author
Nassim Nicholas Taleb
Audience
Advanced
Publisher
Wiley
Year
1997
Pages
528

Key takeaways

  • Dynamic hedging is a risk process. A published method is not evidence the hedge will hold.
  • This 1997 hardcover is not another copy of The Black Swan.
Wiley lists the hardcover as ISBN 9780471152804, January 1997, 528 pages. The stored cover is that file. The jacket shortens the author's name to Nassim Taleb. The publisher page uses Nassim Nicholas Taleb. The subject is how a hedge can fail: parameters that move, gaps, and positions that look hedged until the market does something the model left out. That warning is the useful part. The publisher's claim that the book is destined to be a classic is marketing, not a finding. This is a different book from Fooled by Randomness and The Black Swan. Those are essays. This one assumes the reader can follow an options book. Knowing the hedge does not mean the hedge will save the account.

Tags

  • options
  • risk
  • volatility

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