Words can't describe the greatness of this professor. Great lecturer.

Prof has rare combination of intelligence n a bit of humour- amazingly he also possesses skill n ability to simplify seemingly complex subject !!

No wonder why MIT is freaking good

I've zoomed through half this course in 4 days and already starting to get the feeling I am going to miss these when I have no more to go over.

45:16 There is a general formula for the quartic equation. In fact, the Abel-Ruffini theorem says that there isn't a closed formula for higher orders.

andrew lo is the man !!

What an engaging presentation with intellect and fun in equal measure! The fun part helps anchor the rigorous points.

All these new youtube option gurus out there need to watch & learn this series

Amazing lecturer and I absolutely love how you pronounce finance.

I really like this professor.

One of the greatest financial classes I’ve seen.

excellent lecture. I wish all professors were like him.

Thank you, it is so nice. I am a FX sales ,after listening your lesson, it makes more sense.

Great course and professor! Reading all Lo's books asap

Reference to Abel-Ruffini!!! Can this course become any more interesting!!! Although he says that there are no formulas beyond cubic, actually there is formula for quartic equations. It is when you get to fifth order polynomials and beyond that there is no general formula.

This looks like the ReLu activation function.

This professor is the best

45:26 Actually there is a formula for a 4th degree polynomial. There is, however, no formula for n >= 5 in general. To read more about that check Abel's impossibility theorem and Galois theory.

This lecture is great, i had structuration courses, but this one is the best!

Yes, we need to get some other materials by our own. Got A. Lo's point.

Excellent and extremely good

Great lecture. Is it possible to gain access to course 15437 Options and Features that he mentions in the beginning?

This is the most sophisticated instrument for me to retake nimbly and regurgitate over and over again. Yes, this video is the most rudimentary but essential for me to jump into this unknown water that looks like either swamp, quicksand or the ocean. At least I got Prof Lo's safety vest and I can carefully to "test" the water....Hahaha, a good lecture in strict COVID isolation period in Down Under......STF.............

Let me get some of that Xantac lol-This guy, wish I could have taken his course :D

This is so interesting

I'm looking for a lecture from MIT about SELLING options. I would like to see more about seeking long theta. If the Brownian Motion explains the random walk of a stock and black-scholes is a decent approximation to value options, one should be able to SELL out of the money options during high Implied Volatility environments. We should be able to take this idea farther in terms of buying Calendar Spreads and managing Vega. Thoughts?

45:06 Imagine a Math professor giving you a nerd award 😂

Niccolò Fontana Tartaglia is his "colleague"

@17:30 that's not quite true. if you sell a covered call, your losses aren't unbounded. you only miss out on potential profit. for example i bought 100 shares of CPB stock at $45. then i sold a call at $47. the price went up to $49. my option got exercised and i had to sell my 100 shares at $47, so i made $200 in profit, when I could have made $400. sad day for me. but i still MADE money in the end. I didn't actually 'lose' the extra $200, i only missed out on potential gains. theoretically, losing $200 and not gaining $200 are the same thing, but in reality and in your bank account, that's VERY different. i wish he had focused more on the selling of options, since buying options is very risky business akin to gambling imho. but i understand that options trading is easier to understand from the buyer's perspective than the seller's.

*A butterfly spread is aka Bernies worm.

Can somebody tell me who is the professor? Amazing

Professor, [@time 13:13] isn't that the MAXIMUM payoff for put =20? Given Ex Price $20, maximum payoff from a PUT should therefore sensibly be Pt ~ max [ 0, K - So], when So=0.....?

but why doesnt discuss about differences in premium price

Small correction: the professor states that "there are no more formulas beyond the cubic". However, there is in fact a quartic formula for solving general fourth-degree polynomials, and there are no more beyond that.

Andrew Lo is a bad man ! BABY YEA. he knows where to get good truffles and cain!party animal

the best

25:34 why is the payoff 0 when the price drops under 50. when we sell short, we get $60 and we need to cover our position so if the price drops to let's say $40. we don't need to execute the option but don't we need to buy the stock at $40 from the market and return the underlying security?

How did kids in the lecture caould calculate the precise rate of volatility?........STF....

is there anything on the Greeks? Can't find it and my prof isn't the greatest at explaining or writing... :(

45:23 actually there is a formula for quartics, but none beyond that. en.wikipedia.org/wiki/Abel%E2%80%93Ruffini_theorem

hello, can anyone tell me what is the term used when someone sells assets before a predicted market crash?

Xanax, not Zantac.

I want to be in this class room

@13:25 he says the maximum upside of the put option is $10, but shouldn't this be $20? K - St = Max profit, 20 - 0 = 20?? What am I missing?

CARDANO ADA

The are no formula's beyond the quartic. He doesn't know his Galois theory!

Nope, you won’t see me next Wednesday. I’m just passing thru in KZfaq in 03/2024.

Actually Einstein published the thesis in 1905

🇮🇳🇮🇳🙏🙏👍👍

Akon with redbull

:(( omg a great profess

43:04 why are you smiling miss! and that N I C E guy with red bull 52:55, probably my professor would had kicked me out of class

Get out of stocks now

It all makes sense now why Kanye's a Billionaire!

Useless just theory. No experience in battle. That's nothing.

Such a poor job of explaining.