Fundamentals of Futures and Options Markets

For courses in derivatives, options and futures, financial engineering, financial mathematics, and risk management.

An Easily Understandable Introduction to Futures and Options Markets

John Hull is the Maple Financial Professor of Derivatives and Risk Management at the Joseph L. Rotman School of Management, University of Toronto. He is an internationally recognized authority on derivatives and risk management with many publications in this area. His work has an applied focus. In 1999 he was voted Financial Engineer of the Year by the International Association of Financial Engineers. He has acted as consultant to many North American, Japanese, and European financial institutions. He has won many teaching awards, including University of Toronto’s prestigious Northrop Frye award.

1. Introduction

2. Futures markets and central counterparties

3. Hedging strategies using futures

4. Interest rates

5. Determination of forward and futures prices

6. Interest rate futures

7. Swaps

8. Securitization and the credit crisis of 2007

9. Mechanics of options markets

10. Properties of stock options

11. Trading strategies involving options

12. Introduction to binomial trees

13. Valuing stock options: the Black–Scholes–Merton model

14. Employee stock options

15. Options on stock indices and currencies

16. Futures options and Black’s model

17. The Greek letters

18. Binomial trees in practice

19. Volatility smiles

20. Value at risk and expected shortfall

21. Interest rate options

22. Exotic options and other nonstandard products

23. Credit derivatives

24. Weather, energy, and insurance derivatives

25. Derivatives mishaps and what we can learn from them

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.