Fundamentals of Futures and Options Markets, 9th edition

Published by Pearson (August 1, 2021) © 2017

  • John C. Hull University of Toronto
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Title overview

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

An easily understandable introduction to futures and options markets. Fundamentals of Futures and Options Markets, 9th Edition covers much of the same material as Hull's acclaimed title, Options, Futures, and Other Derivatives. However, this text simplifies the language for a less mathematically sophisticated audience. Omitting calculus completely, the book is suitable for any graduate or undergraduate course in business, economics, and other faculties.

Table of contents

  • 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

Author bios

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