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
Shopping basket
