Fundamentals of Futures and Options Markets
Fundamentals of Futures and Options Markets is written by internationally recognized authority on derivatives and risk management, John C. Hull. This book is an easily understandable Introduction to Futures and Options Market, with simplified terminologies for a less mathematically-sophisticated audience, which offers a wide variety of people a simple and easy-to-understand introduction into financial mathematics. Fundamentals of Futures and Options Markets discusses courses in derivatives, options and futures, financial engineering, financial mathematics, and risk management.
Fundamentals of Futures and Options Markets contains:
- Introduction
- Futures markets and central counterparties
- Hedging strategies using futures
- Interest rates
- Determination of forward and futures prices
- Interest rate futures
- Swaps
- Securitization and the credit crisis of 2007
- Mechanics of options markets
- Properties of stock options
- Trading strategies involving options
- Introduction to binomial trees
- Valuing stock options: the Black–Scholes–Merton model
- Employee stock options
- Options on stock indices and currencies
- Futures options and Black’s model
- The Greek letters
- Binomial trees in practice
- Volatility smiles
- Value at risk and expected shortfall
- Interest rate options
- Exotic options and other nonstandard products
- Credit derivatives
- Weather, energy, and insurance derivatives
- Derivatives mishaps and what we can learn from them