Written by a renowned authority from the Chicago Mercantile Exchange, Financial Futures and Options is the only book of its kind to offer thorough and sophisticated analysis of both futures and options as applied to international currencies, short-term interest rates and stock indexes. A brief sampling of the topics covered in this practical 'how-to' volume includes:
PART 1: Interest Rates
1. New tools for Managing Interest Rate Risk
2. Identifying Cheap Sources of Finds
3. Finding Trading Opportunities with Interest Rate Futures
4. Introduction to Options Applications with Eurodollar Futures
5. Stacking vs. Stripping with Eurodollar Futures
6. A Swap Alternative: Eurodollar Strips
7. Playing the Yield Curve with LIBOR and Eurodollar Futures
8. Tactical Consideration in Managing Short-Term Interest Rate Hedges
9. Cash-and-Carry Trading and the Pricing of Treasury Bill Futures
10. Yield Opportunities and Hedge Ratio Considerations with Fixed Income Cash-and-Carry Trades
PART 2: Currencies
11. Currency Futures Arbitrage
12. Using Futures Contracts to Manage Foreign Exchange Rate Exposure
13. Options on currency Futures vs Options on Physicals
14. Applications for Options on currency Futures
15. Trading Cross-Rates with Inter-Currency Spreads
16. Managing Currency Risks of Non-Dollar Portfolios
PART 3: Stock Indexes
17. Speculating
18. Determining the Relevant Fair Value(s) of S&P 500 futures
19. Managing Cash Flow Risk in Stock Index Futures: The Tail Hedge
20. The Relationship Between the S&P 500 Index and the S&P 500 Index
21. Applications of Nikkei Stock Index Futures and Options
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