Options glossary · Hedging and risk
Vega limit
The maximum volatility exposure a book may run. In practice a desk runs near the top of it only when the conviction is strong.
Where it comes up
Part 3 of the course, Market making: quoting, hedging, risk limits and what a desk does with inventory it did not want. See the course →
The full picture
Three and a half hours with the man who traded these
Sven Hubens, ten years an options market maker at Optiver and Maven, adjunct faculty at The Options Institute at Cboe.
- 3h 32m of video in 58 chapters
- 128 slides
- Subtitles in 16 languages
- A certificate a firm can verify
See the course
€59.95 incl. 21% VAT · six months of access
Education, not advice. Amsterdam Investment Club is not licensed by the AFM to give individual investment advice.