Options, Futures, and Other Derivatives with Derivagem CD

by Hull, John C.

• ISBN13: 9780136015864
• ISBN10: 0136015867
• Edition: 7th
• Format: Hardcover w/CD
• Copyright: 2009-01-01
• Publisher: Prentice Hall

Summary

Updated and revised to reflect the most current information, this introduction to futures and options markets is ideal for those with a limited background in mathematics.Based on Hull'sOptions, Futures and Other Derivatives,one of the best-selling books on Wall Street, this book presents an accessible overview of the topicwithout the use of calculus.Packed with numerical samples and accounts of real-life situations, the Fifth Edition effectively guides readers through the material while providing them with a host of tangible examples.For professionals with a career in futures and options markets, financial engineering and/or risk management.

Table of Contents

Preface

Introduction

Mechanics of Futures Markets

Hedging Strategies Using Futures

Interest Rates

Determination of Forward and Futures Prices

Interest Rate Futures

Swaps

Mechanics of Options Markets

Properties of Stock Options

Trading Strategies Involving Options

Binomial Trees

Wiener Processes and Ita's lemma

The Black-Scholes-Merton Model

Options on Stock Indices, Currencies, and Futures

The Greek Letters

Volatility Smiles

Basic Numerical Procedures

Value at Risk

Estimating Volatilities and Correlations

Credit Risk

Credit Derivatives

Exotic Options

Weather, Energy, and Insurance Derivatives

More on Models and Numerical Procedures

Martingales and Measures

Interest Rate Derivatives: The Standard Market Models

Convexity, Timing, and Quanto Adjustments

Interest Tate Derivatives: Models of the Short Rate

Interest Rate Derivatives: HJM and LMM

Swaps Revisited

Real Options

Derivatives Mishaps and What We Can Learn from Them Glossary of terms DerivaGem software Major exchanges trading futures and options Tables for N(x)

Author index

Subject index

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