Speculative Capital, Vol. 3: The Enigma of Options

The Enigma of Options, the 3rd Vol. in Speculative Capital series, is the exposition of Nasser Saber's ground-breaking discovery that an options is not a right to buy or sell but a right to default. The fascinating interplay between reality and its false reflection in researchers' minds -- how could "so many could be so wrong for so long" -- and the implication of the error is the subject of The Engima. No trader or student of finance could afford to ignore the Enigma.