The document discusses strategic foreign exchange risk management. It defines strategic FX risk as transactional and profit/loss translation exposures with time horizons up to 10 years. Due to elasticities, options are best suited to hedge strategic risk. The behavior of strategic exposures can vary based on volumes and pricing. Hedging techniques should match the risk characteristics of the exposure using options' Greeks (delta, gamma, vega, theta) which measure sensitivity to spot rates, volatility, and time decay. Delta can hedge current exposure, gamma hedges elasticities, and vega hedges volatility risk.
This document discusses option Greeks, which are measures of how the price of an option changes in response to changes in other variables such as the price of the underlying asset, volatility, and time to expiration. It defines the key Greeks - delta, gamma, theta, and vega - and provides formulas for calculating each one. It also discusses how understanding Greeks allows options traders to hedge positions against risks and maintain delta neutrality.
Delta measures the change in a portfolio based on the change in the price of the underlying asset. Gamma measures the rate of change of delta based on price changes. Vega measures the change in value based on changes in volatility. Theta measures the daily time-based decay in value. Rho measures the change in value due to interest rate changes. Delta hedging involves buying and selling the underlying asset to maintain a delta-neutral position as the delta changes over time. Gamma and vega hedging require taking positions in options or other derivatives. Traders aim to keep their portfolios delta-neutral daily and control gamma and vega within risk limits.
The document provides an introduction to option Greeks, which are sensitivities of an option's price to different variables. It defines several Greeks including:
- Delta - Sensitivity to changes in the underlying asset price
- Gamma - Sensitivity of delta to changes in the underlying price
- Theta - Sensitivity to the passage of time until expiration
- Vega - Sensitivity to changes in volatility
- Rho - Sensitivity to changes in interest rates
It provides examples of how to calculate these Greeks and explains their characteristics, such as gamma being highest for at-the-money options and theta increasing as expiration approaches. The document is an educational guide for traders to understand the risks associated with different option positions based on movements in the variables that
The document discusses option Greeks and their behavior under different parameters. It defines the common Greeks - Delta, Gamma, Vega, Theta and Rho. It then shows how these Greeks change with respect to changes in underlying spot price, volatility, time to maturity and strike price. Charts are presented to illustrate these relationships. The document also discusses applications of Greeks in hedging and valuing options.
2024 State of Marketing Report – by HubspotMarius Sescu
https://www.hubspot.com/state-of-marketing
· Scaling relationships and proving ROI
· Social media is the place for search, sales, and service
· Authentic influencer partnerships fuel brand growth
· The strongest connections happen via call, click, chat, and camera.
· Time saved with AI leads to more creative work
· Seeking: A single source of truth
· TLDR; Get on social, try AI, and align your systems.
· More human marketing, powered by robots
ChatGPT is a revolutionary addition to the world since its introduction in 2022. A big shift in the sector of information gathering and processing happened because of this chatbot. What is the story of ChatGPT? How is the bot responding to prompts and generating contents? Swipe through these slides prepared by Expeed Software, a web development company regarding the development and technical intricacies of ChatGPT!
The document discusses strategic foreign exchange risk management. It defines strategic FX risk as transactional and profit/loss translation exposures with time horizons up to 10 years. Due to elasticities, options are best suited to hedge strategic risk. The behavior of strategic exposures can vary based on volumes and pricing. Hedging techniques should match the risk characteristics of the exposure using options' Greeks (delta, gamma, vega, theta) which measure sensitivity to spot rates, volatility, and time decay. Delta can hedge current exposure, gamma hedges elasticities, and vega hedges volatility risk.
This document discusses option Greeks, which are measures of how the price of an option changes in response to changes in other variables such as the price of the underlying asset, volatility, and time to expiration. It defines the key Greeks - delta, gamma, theta, and vega - and provides formulas for calculating each one. It also discusses how understanding Greeks allows options traders to hedge positions against risks and maintain delta neutrality.
Delta measures the change in a portfolio based on the change in the price of the underlying asset. Gamma measures the rate of change of delta based on price changes. Vega measures the change in value based on changes in volatility. Theta measures the daily time-based decay in value. Rho measures the change in value due to interest rate changes. Delta hedging involves buying and selling the underlying asset to maintain a delta-neutral position as the delta changes over time. Gamma and vega hedging require taking positions in options or other derivatives. Traders aim to keep their portfolios delta-neutral daily and control gamma and vega within risk limits.
The document provides an introduction to option Greeks, which are sensitivities of an option's price to different variables. It defines several Greeks including:
- Delta - Sensitivity to changes in the underlying asset price
- Gamma - Sensitivity of delta to changes in the underlying price
- Theta - Sensitivity to the passage of time until expiration
- Vega - Sensitivity to changes in volatility
- Rho - Sensitivity to changes in interest rates
It provides examples of how to calculate these Greeks and explains their characteristics, such as gamma being highest for at-the-money options and theta increasing as expiration approaches. The document is an educational guide for traders to understand the risks associated with different option positions based on movements in the variables that
The document discusses option Greeks and their behavior under different parameters. It defines the common Greeks - Delta, Gamma, Vega, Theta and Rho. It then shows how these Greeks change with respect to changes in underlying spot price, volatility, time to maturity and strike price. Charts are presented to illustrate these relationships. The document also discusses applications of Greeks in hedging and valuing options.
2024 State of Marketing Report – by HubspotMarius Sescu
https://www.hubspot.com/state-of-marketing
· Scaling relationships and proving ROI
· Social media is the place for search, sales, and service
· Authentic influencer partnerships fuel brand growth
· The strongest connections happen via call, click, chat, and camera.
· Time saved with AI leads to more creative work
· Seeking: A single source of truth
· TLDR; Get on social, try AI, and align your systems.
· More human marketing, powered by robots
ChatGPT is a revolutionary addition to the world since its introduction in 2022. A big shift in the sector of information gathering and processing happened because of this chatbot. What is the story of ChatGPT? How is the bot responding to prompts and generating contents? Swipe through these slides prepared by Expeed Software, a web development company regarding the development and technical intricacies of ChatGPT!
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
The realm of product design is a constantly changing environment where technology and style intersect. Every year introduces fresh challenges and exciting trends that mold the future of this captivating art form. In this piece, we delve into the significant trends set to influence the look and functionality of product design in the year 2024.
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
Mental health has been in the news quite a bit lately. Dozens of U.S. states are currently suing Meta for contributing to the youth mental health crisis by inserting addictive features into their products, while the U.S. Surgeon General is touring the nation to bring awareness to the growing epidemic of loneliness and isolation. The country has endured periods of low national morale, such as in the 1970s when high inflation and the energy crisis worsened public sentiment following the Vietnam War. The current mood, however, feels different. Gallup recently reported that national mental health is at an all-time low, with few bright spots to lift spirits.
To better understand how Americans are feeling and their attitudes towards mental health in general, ThinkNow conducted a nationally representative quantitative survey of 1,500 respondents and found some interesting differences among ethnic, age and gender groups.
Technology
For example, 52% agree that technology and social media have a negative impact on mental health, but when broken out by race, 61% of Whites felt technology had a negative effect, and only 48% of Hispanics thought it did.
While technology has helped us keep in touch with friends and family in faraway places, it appears to have degraded our ability to connect in person. Staying connected online is a double-edged sword since the same news feed that brings us pictures of the grandkids and fluffy kittens also feeds us news about the wars in Israel and Ukraine, the dysfunction in Washington, the latest mass shooting and the climate crisis.
Hispanics may have a built-in defense against the isolation technology breeds, owing to their large, multigenerational households, strong social support systems, and tendency to use social media to stay connected with relatives abroad.
Age and Gender
When asked how individuals rate their mental health, men rate it higher than women by 11 percentage points, and Baby Boomers rank it highest at 83%, saying it’s good or excellent vs. 57% of Gen Z saying the same.
Gen Z spends the most amount of time on social media, so the notion that social media negatively affects mental health appears to be correlated. Unfortunately, Gen Z is also the generation that’s least comfortable discussing mental health concerns with healthcare professionals. Only 40% of them state they’re comfortable discussing their issues with a professional compared to 60% of Millennials and 65% of Boomers.
Race Affects Attitudes
As seen in previous research conducted by ThinkNow, Asian Americans lag other groups when it comes to awareness of mental health issues. Twenty-four percent of Asian Americans believe that having a mental health issue is a sign of weakness compared to the 16% average for all groups. Asians are also considerably less likely to be aware of mental health services in their communities (42% vs. 55%) and most likely to seek out information on social media (51% vs. 35%).
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
The realm of product design is a constantly changing environment where technology and style intersect. Every year introduces fresh challenges and exciting trends that mold the future of this captivating art form. In this piece, we delve into the significant trends set to influence the look and functionality of product design in the year 2024.
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
Mental health has been in the news quite a bit lately. Dozens of U.S. states are currently suing Meta for contributing to the youth mental health crisis by inserting addictive features into their products, while the U.S. Surgeon General is touring the nation to bring awareness to the growing epidemic of loneliness and isolation. The country has endured periods of low national morale, such as in the 1970s when high inflation and the energy crisis worsened public sentiment following the Vietnam War. The current mood, however, feels different. Gallup recently reported that national mental health is at an all-time low, with few bright spots to lift spirits.
To better understand how Americans are feeling and their attitudes towards mental health in general, ThinkNow conducted a nationally representative quantitative survey of 1,500 respondents and found some interesting differences among ethnic, age and gender groups.
Technology
For example, 52% agree that technology and social media have a negative impact on mental health, but when broken out by race, 61% of Whites felt technology had a negative effect, and only 48% of Hispanics thought it did.
While technology has helped us keep in touch with friends and family in faraway places, it appears to have degraded our ability to connect in person. Staying connected online is a double-edged sword since the same news feed that brings us pictures of the grandkids and fluffy kittens also feeds us news about the wars in Israel and Ukraine, the dysfunction in Washington, the latest mass shooting and the climate crisis.
Hispanics may have a built-in defense against the isolation technology breeds, owing to their large, multigenerational households, strong social support systems, and tendency to use social media to stay connected with relatives abroad.
Age and Gender
When asked how individuals rate their mental health, men rate it higher than women by 11 percentage points, and Baby Boomers rank it highest at 83%, saying it’s good or excellent vs. 57% of Gen Z saying the same.
Gen Z spends the most amount of time on social media, so the notion that social media negatively affects mental health appears to be correlated. Unfortunately, Gen Z is also the generation that’s least comfortable discussing mental health concerns with healthcare professionals. Only 40% of them state they’re comfortable discussing their issues with a professional compared to 60% of Millennials and 65% of Boomers.
Race Affects Attitudes
As seen in previous research conducted by ThinkNow, Asian Americans lag other groups when it comes to awareness of mental health issues. Twenty-four percent of Asian Americans believe that having a mental health issue is a sign of weakness compared to the 16% average for all groups. Asians are also considerably less likely to be aware of mental health services in their communities (42% vs. 55%) and most likely to seek out information on social media (51% vs. 35%).
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
Creative operations teams expect increased AI use in 2024. Currently, over half of tasks are not AI-enabled, but this is expected to decrease in the coming year. ChatGPT is the most popular AI tool currently. Business leaders are more actively exploring AI benefits than individual contributors. Most respondents do not believe AI will impact workforce size in 2024. However, some inhibitions still exist around AI accuracy and lack of understanding. Creatives primarily want to use AI to save time on mundane tasks and boost productivity.
Organizational culture includes values, norms, systems, symbols, language, assumptions, beliefs, and habits that influence employee behaviors and how people interpret those behaviors. It is important because culture can help or hinder a company's success. Some key aspects of Netflix's culture that help it achieve results include hiring smartly so every position has stars, focusing on attitude over just aptitude, and having a strict policy against peacocks, whiners, and jerks.
PEPSICO Presentation to CAGNY Conference Feb 2024Neil Kimberley
PepsiCo provided a safe harbor statement noting that any forward-looking statements are based on currently available information and are subject to risks and uncertainties. It also provided information on non-GAAP measures and directing readers to its website for disclosure and reconciliation. The document then discussed PepsiCo's business overview, including that it is a global beverage and convenient food company with iconic brands, $91 billion in net revenue in 2023, and nearly $14 billion in core operating profit. It operates through a divisional structure with a focus on local consumers.
Content Methodology: A Best Practices Report (Webinar)contently
This document provides an overview of content methodology best practices. It defines content methodology as establishing objectives, KPIs, and a culture of continuous learning and iteration. An effective methodology focuses on connecting with audiences, creating optimal content, and optimizing processes. It also discusses why a methodology is needed due to the competitive landscape, proliferation of channels, and opportunities for improvement. Components of an effective methodology include defining objectives and KPIs, audience analysis, identifying opportunities, and evaluating resources. The document concludes with recommendations around creating a content plan, testing and optimizing content over 90 days.
How to Prepare For a Successful Job Search for 2024Albert Qian
The document provides guidance on preparing a job search for 2024. It discusses the state of the job market, focusing on growth in AI and healthcare but also continued layoffs. It recommends figuring out what you want to do by researching interests and skills, then conducting informational interviews. The job search should involve building a personal brand on LinkedIn, actively applying to jobs, tailoring resumes and interviews, maintaining job hunting as a habit, and continuing self-improvement. Once hired, the document advises setting new goals and keeping skills and networking active in case of future opportunities.
A report by thenetworkone and Kurio.
The contributing experts and agencies are (in an alphabetical order): Sylwia Rytel, Social Media Supervisor, 180heartbeats + JUNG v MATT (PL), Sharlene Jenner, Vice President - Director of Engagement Strategy, Abelson Taylor (USA), Alex Casanovas, Digital Director, Atrevia (ES), Dora Beilin, Senior Social Strategist, Barrett Hoffher (USA), Min Seo, Campaign Director, Brand New Agency (KR), Deshé M. Gully, Associate Strategist, Day One Agency (USA), Francesca Trevisan, Strategist, Different (IT), Trevor Crossman, CX and Digital Transformation Director; Olivia Hussey, Strategic Planner; Simi Srinarula, Social Media Manager, The Hallway (AUS), James Hebbert, Managing Director, Hylink (CN / UK), Mundy Álvarez, Planning Director; Pedro Rojas, Social Media Manager; Pancho González, CCO, Inbrax (CH), Oana Oprea, Head of Digital Planning, Jam Session Agency (RO), Amy Bottrill, Social Account Director, Launch (UK), Gaby Arriaga, Founder, Leonardo1452 (MX), Shantesh S Row, Creative Director, Liwa (UAE), Rajesh Mehta, Chief Strategy Officer; Dhruv Gaur, Digital Planning Lead; Leonie Mergulhao, Account Supervisor - Social Media & PR, Medulla (IN), Aurelija Plioplytė, Head of Digital & Social, Not Perfect (LI), Daiana Khaidargaliyeva, Account Manager, Osaka Labs (UK / USA), Stefanie Söhnchen, Vice President Digital, PIABO Communications (DE), Elisabeth Winiartati, Managing Consultant, Head of Global Integrated Communications; Lydia Aprina, Account Manager, Integrated Marketing and Communications; Nita Prabowo, Account Manager, Integrated Marketing and Communications; Okhi, Web Developer, PNTR Group (ID), Kei Obusan, Insights Director; Daffi Ranandi, Insights Manager, Radarr (SG), Gautam Reghunath, Co-founder & CEO, Talented (IN), Donagh Humphreys, Head of Social and Digital Innovation, THINKHOUSE (IRE), Sarah Yim, Strategy Director, Zulu Alpha Kilo (CA).
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
The search marketing landscape is evolving rapidly with new technologies, and professionals, like you, rely on innovative paid search strategies to meet changing demands.
It’s important that you’re ready to implement new strategies in 2024.
Check this out and learn the top trends in paid search advertising that are expected to gain traction, so you can drive higher ROI more efficiently in 2024.
You’ll learn:
- The latest trends in AI and automation, and what this means for an evolving paid search ecosystem.
- New developments in privacy and data regulation.
- Emerging ad formats that are expected to make an impact next year.
Watch Sreekant Lanka from iQuanti and Irina Klein from OneMain Financial as they dive into the future of paid search and explore the trends, strategies, and technologies that will shape the search marketing landscape.
If you’re looking to assess your paid search strategy and design an industry-aligned plan for 2024, then this webinar is for you.
5 Public speaking tips from TED - Visualized summarySpeakerHub
From their humble beginnings in 1984, TED has grown into the world’s most powerful amplifier for speakers and thought-leaders to share their ideas. They have over 2,400 filmed talks (not including the 30,000+ TEDx videos) freely available online, and have hosted over 17,500 events around the world.
With over one billion views in a year, it’s no wonder that so many speakers are looking to TED for ideas on how to share their message more effectively.
The article “5 Public-Speaking Tips TED Gives Its Speakers”, by Carmine Gallo for Forbes, gives speakers five practical ways to connect with their audience, and effectively share their ideas on stage.
Whether you are gearing up to get on a TED stage yourself, or just want to master the skills that so many of their speakers possess, these tips and quotes from Chris Anderson, the TED Talks Curator, will encourage you to make the most impactful impression on your audience.
See the full article and more summaries like this on SpeakerHub here: https://speakerhub.com/blog/5-presentation-tips-ted-gives-its-speakers
See the original article on Forbes here:
http://www.forbes.com/forbes/welcome/?toURL=http://www.forbes.com/sites/carminegallo/2016/05/06/5-public-speaking-tips-ted-gives-its-speakers/&refURL=&referrer=#5c07a8221d9b
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
Everyone is in agreement that ChatGPT (and other generative AI tools) will shape the future of work. Yet there is little consensus on exactly how, when, and to what extent this technology will change our world.
Businesses that extract maximum value from ChatGPT will use it as a collaborative tool for everything from brainstorming to technical maintenance.
For individuals, now is the time to pinpoint the skills the future professional will need to thrive in the AI age.
Check out this presentation to understand what ChatGPT is, how it will shape the future of work, and how you can prepare to take advantage.
The document provides career advice for getting into the tech field, including:
- Doing projects and internships in college to build a portfolio.
- Learning about different roles and technologies through industry research.
- Contributing to open source projects to build experience and network.
- Developing a personal brand through a website and social media presence.
- Networking through events, communities, and finding a mentor.
- Practicing interviews through mock interviews and whiteboarding coding questions.
Google's Just Not That Into You: Understanding Core Updates & Search IntentLily Ray
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2. There are many possible user intents beyond just transactional, navigational and informational. Identifying intent shifts is important during core updates. Sites may need to optimize for new intents through different content types and sections.
3. Responding effectively to core updates requires analyzing "before and after" data to understand changes, identifying new intents or page types, and ensuring content matches appropriate intents across video, images, knowledge graphs and more.
A brief introduction to DataScience with explaining of the concepts, algorithms, machine learning, supervised and unsupervised learning, clustering, statistics, data preprocessing, real-world applications etc.
It's part of a Data Science Corner Campaign where I will be discussing the fundamentals of DataScience, AIML, Statistics etc.
Time Management & Productivity - Best PracticesVit Horky
Here's my presentation on by proven best practices how to manage your work time effectively and how to improve your productivity. It includes practical tips and how to use tools such as Slack, Google Apps, Hubspot, Google Calendar, Gmail and others.
The six step guide to practical project managementMindGenius
The six step guide to practical project management
If you think managing projects is too difficult, think again.
We’ve stripped back project management processes to the
basics – to make it quicker and easier, without sacrificing
the vital ingredients for success.
“If you’re looking for some real-world guidance, then The Six Step Guide to Practical Project Management will help.”
Dr Andrew Makar, Tactical Project Management
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Applitools
During this webinar, Anand Bagmar demonstrates how AI tools such as ChatGPT can be applied to various stages of the software development life cycle (SDLC) using an eCommerce application case study. Find the on-demand recording and more info at https://applitools.info/b59
Key takeaways:
• Learn how to use ChatGPT to add AI power to your testing and test automation
• Understand the limitations of the technology and where human expertise is crucial
• Gain insight into different AI-based tools
• Adopt AI-based tools to stay relevant and optimize work for developers and testers
* ChatGPT and OpenAI belong to OpenAI, L.L.C.
What Are The Option Greeks And Why Are They Important?
1. epsilonoptions.com http://www.epsilonoptions.com/option-greeks
Option Greeks
Introduction To The Greeks
Contents [hide]
In the world of finance, Greek letters are used to represent how sensitive a financial derivative’s prices are to
changes in parameters; the option greeks are the option version of these.
Financial derivatives can be volatile and sensitive to factors such as changes in the pricing of the underlying asset.
Each character denotes the of sensitivity of an option’s price to the change in some attribute of the underlying
asset, such stock price and volatility.
These attributes are components of risk that a trader needs to control if he/she is to manage the risk of their
portfolio. The Greek characters are easy to calculate and are a popular tool amongst derivatives traders,
especially since the letters are very useful in portfolio hedging, which enables the investors to protect their
investments from adverse changes within the market. Not only that, the Greek alphabets allow an investor to
determine how much risk their portfolio is facing and from which area is the risk the greatest.
The 5 related Greek Characters are: Delta, Gamma, Vega, Theta and Rho. (Vega is a bit of cheat: there is no
such greek letter. Often epsilon is used instead, hence the name of this site) We wil look at each in turn and, in
particular, how we will use them to control our trades’ risk.
Option Delta
Delta measures option price sensitivity to changes in the
price of the underlying asset.
Option Delta is perhaps one of the most vital
measurement methods of all, as it can investigate the
level of sensitivity that an option’s price will move, if there
is a change in the underlying stock price. (As with all the
other options greeks, we assume that all other of the
options parameters don;t change hen looking at delta) If
the option has a delta of 1.5, it means that there will be a
price movement of 1.5 cents for every cent the underlying
stock moves.
Therefore, this shows that an option with a high delta
reading will increase or decrease in value more
Option Delta
considering the direction of the price change. As
compared to another option with a low delta which will not move as much from changes in the price of the
underlying stock.
How is It Used?
The importance of the information that the Greek Delta can provide is indispensable. This is especially the case
where, in the real world, investors rarely hold options until maturity. Knowing how much profit that can be reaped
2. or the potential losses that will be incurred from a single movement in price will decide for the investor whether
they should still hold the option or choose to sell it.
Complication
Unfortunately there is a complication with delta: it also moves as the price moves. So that 1.5 delta option may
move 1.5 cents higher for 1 cent move in the underlying, but then the delta may have changed to 1.6. Hence any
further increase in share price will cause an even bigger increase in the price of an option. This affect is an
example of positive gamma – to be explained in our next lesson – and can be thought of as the price ‘accelerating’
higher. In the next part of our course on the Greeks we’ll look at Gamma in more detail.
Option Gamma
We saw above that the Greeks are an important measure
of risk to used by options traders to assess the impact in
changes of certain variables on the price of an option. In
particular we looked at one of these, delta: the sensitivity
of option prices to changes in the price of the underlying
security. Unfortunately, again as we saw, the relationship
between stock price sensitivity (delta) and the stock price
is not linear. For example if a stock moves up, call options
will become even more sensitive to further changes to the
stock price. This effect is called gamma. It measures the
change in delta, i.e. sensitivity to stock price movements.
Positive gamma means that as a stock rises the option’s
price will more sensitive to further stock changes.
Negative gamma means the opposite: stock price rises
Option Gamma
cause stocks to be less sensitive.
Why should we be concerned about Gamma?
Gamma is the key enemy of many of the options strategies we use. It tends to rise as an option moves closer to
expiration. Hence in the last week of an option’s life small changes in stock prices cause large, and accelerating,
swings on options prices. This is unfortunate as many of our favourite strategies such as the iron condor or
calendar spread rely on time decay – i.e. relay on time passing to make money. Often a trader has to weigh up the
potential profits, from time decay, of leaving a strategy on versus the increasing risk of the stock moving and
wiping out those profits. It is for this reason that most experienced options traders rarely keep a trade on until
expiration. We take a particularly risk averse line: we tend to remove our standard time decay exploiting trades at
least 2 weeks before expiration. For example, look at our trade rules for putting on this calendar spread. Notice the
last ‘Trade Management – Exit’ rule. We would get out of the trade within 2 weeks of expiration to avoid the
gamma risk. Indeed such is the power of gamma that trading with positions with large gamma – expiration week
trades for example – is known colloquially as ‘riding the gamma bull’. Not for the faint hearted.
Uses of Gamma
We’ve seen that Gamma is often seen as an enemy. But this is usually only relevant to those trades, admittedly
the most popular, that relay on time decay to profit. Some trades, however, take the opposite course: they take
advantage of the accelerating price sensitivity from gamma to make money from expected changes in stock
prices. One good example of this is the straddle, the simultaneous purchase of an at-the-money put and call. Let’s
say a stock was $650. We expect significant stock movement, from a product launch for example, over the short
term and so buy a $650 call and a $650 put. Such a purchase has strong gamma: stock movement not only
increases the price of the spread, these price changes are increased the more the stock changes, either way.
(Don’t worry too much about the mechanics of this: we will have a more detailed course on straddles later). The
catch, and key risk, is the opposite of the trades mentioned above: time. Time decay works against us here: if
3. there is no stock movement then the spread will gradually lose money. Indeed the spread loses value every day
all things being equal and so there is an amount of stock movement required each day just to break even. The
trader has to be sure that the stock move, and move quickly, for the trade to be profitable. (This example is taken
from a real life trade here: we used an APPL straddle to exploit expected movement from the iphone5 launch.
Ignore, for now the discussion on increases in implied volatility: this will be part of the Vega lesson).
Gamma scalping
One advanced use of gamma is ‘gamma scalping’, something you may hear about from experienced traders. It’s
pretty complex – it takes advantage of the ‘boost’ in option price changes from excessive stock movement whilst
managing delta risk (I said it was complex) – and I may include it in a later advanced course, but I suggest that
most of you don’t worry about this strategy at present. If you do want to know more, however, the CBOE exchange
has a good video on it here. In the next lesson we’ll look at the time decay effect, theta, in more detail.
Option Vega
Vega’s a measure of an option’s sensitivity to changes to
implied volatility (IV). As we’ve seen in earlier parts of the
course, implied volatility is the market’s estimate of the
volatility (measured by standard deviation) in the future.
It’s an input into the standard options pricing models and
hence any change in this expectation, in other words any
change in implied volatility, will affect the price of options.
How does it affect the price?
In general bought options, either calls or puts, increase in
value as IV increases. This makes sense: an option seller
would want to be compensated more for the increased
future risk, as priced by the market, of the option moving
Option Vega
in the money. Stocks expected to be more volatile, and
hence have higher IVs, have higher options prices,
everything else being equal. Short options decrease in value, the higher IV is for the same (but opposite) reasons.
Things get interesting once options are combined in a spread. Some combinations such as a Calendar Spread
increase in value as IV increases. Others, such as the Iron Condor, decrease.
What is Vega?
Vega is a measure of the net effect of IV change on options (or options spread) prices. In the above examples a
Calendar Spread is said to have positive Vega and an Iron Condor negative Vega. The higher the absolute value,
the more sensitive the options/spread is sensitive to IV. Indeed, the full definition, is what’s the change in options
price caused by a 1% increase in IV.
Uses of Vega
Many options strategies rely on picking the way volatility moves. For example should be believe that we are to
have a market correction we would, of course, be interested in the effect of stock price falls on our options
positions. But we’d be also interested in what the associated increase in IV would have on the position. There are
some trades that rely solely on Vega: volatility trades. IV tends to be mean reverting and so any short term
deviation could produce a correcting change in the near future. For example many traders look for the difference
between historical volatility – how volatile the market is right now – to implied volatility – a future volatility
prediction. There is some evidence to say if these two indicators diverge than they will soon get closer together.
This can be traded if you know the volatility effect of IV on an options trade. In other words, Vega.
4. Option Theta
Theta is a measure of the time decay of an options, or
option spread. As we have seen elsewhere in the
courses, options are a decaying asset: they reduce in
value over time. All things being equal an option is worth
more the longer it has to go until expiry; an option with 60
days of time left to expiry will be worth more than one with
only 30 days. The expected drop of an option value, again
all things being equal, in the next 1 day is Theta
(expressed as a negative). For example, at the time of
writing, you can buy an ATM June 13 445 APPL call with
23 days until expiration for about $12. It has a Theta of -
0.24, meaning it will lose $0.24 in the next 24 hours if
nothing – share price, volatility etc – changes.
Option Theta
Uses of Theta
Theta is the basis of many of the standard options trades we use in this course. Strategies which involve selling
options – or at least there are ‘more’ sales than purchases – have positive theta (ie they rise in value over time). If
we were to sell the above AAPL call options for $12 and nothing changed, we could buy them back at $11.76, the
next day for $0.24 profit. If nothing else changed of course. This rather simplistic example shows the way to more
(and much less risky) ways we can profit from theta. Take the vertical spread. Let’s say you thought Apple wasn’t
going to rise in the next 23 days. You could sell a 450 call and buy a 480 call and receive a net credit of $4.70.
The 450 call has a theta of -0.24; the 480 call a theta of -0.14 and hence the net theta is -0.10. We have reduced
our risk (of a significant share price increase) but are still making $0.10 a day all things being equal.
Effect of time on Theta
Theta is the effect of time on options pricing. However it too changes with time. In general theta increases as
expiration nears. Another way of saying this is that the time decay accelerates closer to acceleration. You can see
this from our sold AAPL 445 call above. It will lose $0.24 between day 23 and day 22. If theta was constant it
would only lose 23x$0.24=$5.52 of its value between now and expiration. But it is worth $12 – which must all be
lost by day 23. Hence Theta must increase at some stage this to happen. Here’s a graph of what happens:
5. Notice how the value of the option (time value) accelerates near the end of its life. This is the theta increasing.
Gamma and Theta
So why don’t you wait until the last few days to sell your options? All that nice accelerating time decay should
reduce your option price quick only for to buy them back or let them expire for a quick profit. Easy. Well,
unfortunately not. We have been looking at Theta in isolation. But we know from our last course that another of
the greeks increases with time: gamma. This is the acceleration of the effect stock price has on the option price.
Increasing time decay is matched with increasing sensitivity for price changes and so any time decay could be
wiped out by an adverse move in the share price. This is a good example of the interplay between the greeks. In
general strategies that exploit theta have to contend with gamma and vice versa. We will see more
interelationships later. In the meantime though we will look at the last of the major greeks, vega.
Option Rho
Rho is a measure of the sensitivity of options prices to changes in interest rates. It is defined as the increase in
price of an options, or options portfolio, as a result of a 1% increase in interest rates.
Relevance
Rho is often ignored by options traders as interest rates are unlikely to change (much) during the course of most
options spreads. Hence changes in interest rates are usually ignored. However there are times where more notice
should be taken of Rho. Long term options, such as LEAPS, are more sensitive to changes in interest rates, ie
have a higher Rho. At the time of writing an at the money AAPL call option with 32 days to go has a Rho of 0.3 (a
1% interest rate rise would produce a small, 0.3%, increase in the options price). However a LEAP with 578 days
to go has a Rho of 2.2. Hence any LEAP strategy, such as our LEAP Covered Calls, would be affected somewhat
6. by a change in interest rates. The other time Rho should be at least considered is, of course, when interest rates
are changing. At the time of writing, for example, there is
a strong possibility that the Fed will remove its QE
program thus causing, amongst other things, an increase
in interest rates. Hence, all things being equal, may be
see an increase in options prices over the next few
months/years.
In conclusion Rho can be an important factor in certain
circumstances – when interest rates are expected to
change and/or we are looking at long term options – but
in general Rho is a far less important Greek than Delta,
Gamma, Theta and Vega.
Option Rho
You can continue your options trading education by clicking in the link.