Which Free Lunch Would You Like Today, Sir?: Delta Hedging, Volatility Arbitrage and Optimal Portfolios

By Riaz Ahmad and Paul Wilmott · Wilmott magazine · 2005 · INV201-104-25

A paper by Riaz Ahmad and Paul Wilmott, published in Wilmott magazine in November 2005 (pages 64-79), on delta hedging, volatility arbitrage and optimal portfolios. The SOA supplies it as study note INV201-104-25, formerly QFIQ-115-17.

On the syllabus

Exam INV-201 — the whole paper; outcome 3e.

Contents unavailable The SOA supplies this paper as a study note that is not available electronically, and the publisher's page for it is closed to non-members. No authorised copy could be opened, so this page records the citation and the assignment, and its sections are not listed.

Sources

INV 201 Introductory Study Note, Nov 2026/Mar 2027/Jul 2027 (SOA) — the study-note code INV201-104-25, its title and its former code QFIQ-115-17
Which Free Lunch Would You Like Today, Sir?: Delta Hedging, Volatility Arbitrage and Optimal Portfolios (Wilmott) — the listing that carries the full title, the authors and the November 2005 issue and pages, as shown in search results; the page itself returned an access error and was not opened
INV 201 Syllabus, Nov 2026/Mar 2027/Jul 2027 (SOA) — the learning outcome and the statement that study notes are not available electronically