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Description of Futures and Options

This book provides a complete introduction to futures and options, written by two of the top authorities on the subject.

Stoll and Whaley deliver an integrated discussion of futures and option contract markets, including traditional commodity markets for grain, livestock, and precious metals, and the derivative markets for stocks, stock indices, bonds, and currencies.

Futures and Options offers a systematic approach to identifying the pricing links that join commodity, options, futures, and futures option markets. Detailed illustrations of futures and option contracts in managing risk/return characteristics of various commodity positions are provided.

The book emphasises applications of theory as it:

- examines the similarities and differences in trading procedures and other institutional arrangements of the futures and option markets

- offers detailed descriptions of contract specifications

- develops pricing relations that link futures and option markets to the markets for the underlying assets

- offers pricing methods for valuing exchange-traded European and American-style options as well as selected over the counter exotic options

Title Information

ISBN:

9780538801157

Pages:

419 pages

Format:

Hardback

Product Code:

3516

Publisher:

South-Western, Division of Thomson Learning

Published:

30/11/-0001

Edition:

1st Edition

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Contents of Futures and Options

Part 1: Institutional Background

1. Introduction to Futures and Options

2. Functioning of Futures and Option Markets

Part 2: Futures

3. Structure of Futures Prices

4. Hedging with Futures Contracts

5. Risk and Return in Future Markets

6. Futures Contracts on Physical Commodities

7. Stock Index Futures Contracts

8. Interest Rate Futures Contracts

9. Currency Futures Contracts

Part 3: Options

10. Structure of Option Prices: Arbitrage Relations

11. Valuation of Options

12. Option Trading Strategies

13. Common Stock Option Contracts

14. Stock Index and Stock Index Futures Option Contracts

15. Interest Rate and Interest Rate Futures Option Contracts

16. Other Option Contracts