Currency Options Explained: A Practical Guide to Trading and Hedging with Vanilla and Exotic FX Options

By Jay Hawk and Julie Hawk

A clear, practical guide to currency options, from two professionals who traded and sold them for a living.

Currency options are among the most useful tools in finance. Companies use them to protect profits from exchange rate swings, fund managers use them to hedge international portfolios and traders use them to take positions with limited, known risk. Yet most books on the subject are either too mathematical for practitioners or too simple to be of real use.
Currency Options Explained bridges that gap. In ten chapters, Jay and Julie Hawk explain how currency options work, how they are priced and how to use them, with every example calculated using the industry standard Garman Kohlhagen model at current EUR/USD market levels.
Inside you will learn: How the global currency options market works today, from bank trading desks to listed options at CME GroupThe difference between vanilla calls and puts and exotic options such as knock outs, binaries and average rate optionsHow options are priced, what drives volatility and how to read the volatility smileMore than 25 trading strategies, from simple calls and puts to spreads, straddles, butterflies and risk reversalsHow importers, exporters and investors hedge currency risk with collars, range forwards and participating forwardsHow professionals measure and manage risk with delta, gamma, theta and vegaHow to get a fair price and avoid costly errors when you tradeIllustrated with more than 60 new charts and profit and loss diagrams, and complete with a glossary and index, this book suits corporate treasurers, finance professionals, active traders and students alike.

For readers who want to go further, the authors' two-volume series, Vanilla Currency Options and Exotic Currency Options, covers each area in greater depth.

• Format: Paperback
• Language: English
• ISBN: B0HQMKTX8P
• ISBN13: 9798140278427
• Release Date: November 2026
• Publisher: Independently Published
• Length: 140 Pages
• Weight: 0.43 lbs.
• Dimensions: 0.3" x 6.0" x 9.0"