Options, Futures, and Other Derivatives, 11th edition

Published by Pearson (22 February 2021) © 2022

  • John C. Hull University of Toronto
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Products list

Access details

  • Instant access once purchased
  • Fulfilled by VitalSource
  • 180-day rental

Features

  • Add notes and highlights
  • Search by keyword or page

Title overview

Options, Futures, and Other Derivatives, 11th Edition, by John Hull, covers options markets, futures markets, and the full range of derivative securities. Known as “the bible” to business and economics professionals, this best-seller gives you a modern look at the derivatives market while highlighting the industry’s hottest topics.

The textbook bridges theory and practice across futures and forwards, hedging strategies, swaps, options trading strategies, binomial trees, Black-Scholes-Merton pricing, the Greek letters, volatility smiles, value at risk, exotic options, and credit derivatives. By the end of your studies, you’ll not only understand how options and futures markets work. You’ll also know how to price and hedge derivatives and apply the models used on trading floors and in risk management.

The 11th Edition covers all of the latest regulations and trends, from overnight indexed swaps to the valuation of commodity derivatives. Tables, charts, examples, and data have all been revised as needed to reflect current market conditions.

Table of contents

  • List of Business Snapshots
  • List of Technical Notes
  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 financial crisis of 2007-8
  9. XVAs
  10. Mechanics of options markets
  11. Properties of stock options
  12. Trading strategies involving options
  13. Binomial trees
  14. Wiener processes and Itô's lemma
  15. The Black–Scholes–Merton model
  16. Employee stock options
  17. Options on stock indices and currencies
  18. Futures options and Black's model
  19. The Greek letters
  20. Volatility smiles and Volatility Surfaces
  21. Basic numerical procedures
  22. Value at risk and expected shortfall
  23. Estimating volatilities and correlations
  24. Credit risk
  25. Credit derivatives
  26. Exotic options
  27. More on models and numerical procedures
  28. Martingales and measures
  29. Interest rate derivatives: The standard market models
  30. Convexity, timing, and quanto adjustments
  31. Equilibrium models of the short rate
  32. No-arbitrage models of the short rate
  33. Modeling Forward Rates
  34. Swaps Revisited
  35. Energy and commodity derivatives
  36. Real options
  37. Derivatives mishaps and what we can learn from them

Glossary of terms

DerivaGem software

Major exchanges trading futures and options

Tables for N x

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