Fundamentals of Futures and Options Markets

Fundamentals of Futures and Options Markets presents an accessible and student-friendly overview of the topic without the use of calculus. Introduction; Mechanics of Futures and Forward Markets; 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; The Greek Letters; Binomial Trees in Practice; Volatility Smiles; Value at Risk; Interest-Rate Options; Exotic Options and Other Non-Standard Instruments; Credit Derivatives; Insurance, Weather, Energy, and Credit Derivatives; Derivatives Disasters and What We Can Learn From Them For practitioners who want to improve their understanding of futures and options markets.

Chapter 1. Introduction
Chapter 2. Mechanics of Futures and Forward Markets
Chapter 3. Hedging Strategies Using Futures
Chapter 4. Interest Rates
Chapter 5. Determination of Forward and Futures Prices
Chapter 6. Interest Rate Futures
Chapter 7. Swaps
Chapter 8. Securitization and the Credit Crisis of 2007
Chapter 9. Mechanics of Options Markets
Chapter 10. Properties of Stock Options
Chapter 11. Trading Strategies Involving Options
Chapter 12. Introduction to Binomial Trees
Chapter 13. Valuing Stock Options: The Black-Scholes-Merton Model
Chapter 14. Employee Stock Options
Chapter 15. Options on Stock Indices and Currencies
Chapter 16. Futures Options
Chapter 17. The Greek Letters
Chapter 18. Binomial Trees in Practice
Chapter 19. Volatility Smiles
Chapter 20. Value at Risk
Chapter 21. Interest-Rate Options
Chapter 22. Exotic Options and Other Non-Standard Instruments
Chapter 23. Credit Derivatives
Chapter 24. Insurance, Weather, Energy, and Credit Derivatives
Chapter 25. Derivatives Disasters and What We Can Learn From Them