Fundamentals of Futures and Options Markets,Pearson New International Edition
Published by Pearson (March 1, 2023) © 2023
John HullProduct Information
For undergraduate courses in derivatives, options and futures, financial engineering, financial mathematics, and risk management.
A reader-friendly book with an abundance of numerical and real-life examples.
Based on Hull's Options, Futures and Other Derivatives, Fundamentals of Futures and Options Markets presents an accessible and student-friendly overview of the topic without the use of calculus. Packed with numerical examples and accounts of real-life situations, this text effectively guides students through the material while helping them prepare for the working world.
A reader-friendly book with an abundance of numerical and real-life examples.
Based on Hull's Options, Futures and Other Derivatives, Fundamentals of Futures and Options Markets presents an accessible and student-friendly overview of the topic without the use of calculus. Packed with numerical examples and accounts of real-life situations, this text effectively guides students through the material while helping them prepare for the working world.
- 1. Introduction
- 2. Mechanics of futures markets
- 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
- 17. The Greek letters
- 18. Binomial trees in practice
- 19. Volatility smiles
- 20. Value at risk
- 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
- Answers to Quiz Questions
- Glossary of terms
- DerivaGem software
- Major exchanges trading futures and options
- Tables for N(x)
- Index