Description of Fundamentals of Futures and Options Markets
This introduction to futures and options markets is ideal for those with limited background in mathematics. Based on Hull's Options, Futures and Other Derivatives, one of the best-selling books on Wall Street and in the college market, this text offers an accessible presentation of the topic without the use of calculus.
Contents of Fundamentals of Futures and Options Markets
Introduction
Mechanics of Futures and Forward Markets
Determination of Forward and Futures Prices
Hedging Strategies Using Futures
Interest-Rate Markets
Swaps
Mechanics of Options Markets
Properties of Stock Options
Trading Strategies Involving Options
Introduction to Binomial Trees
Valuing Stock Options: The Black-Scholes Model
Options on Stock Indices and Currencies
Futures Options
Volatility Smiles
The Greek Letters
Value at Risk
Valuation Using Binomial Trees
Interest-Rate Options
Exotic Options and Other Non-Standard Products
Credit, Weather, Energy, and Insurance Derivatives
Derivatives Mishaps and What We Can Learn from Them
Answers to Quiz Questions
Glossary of Terms
DerivaGem Software
Major Exchanges Trading Futures and Options
Index
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