Fundamentals of Futures and Options Markets, 9th edition

  • John C. Hull


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 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. The Ninth Edition of Fundamentals of Futures and Options Markets offers a wide audience a sound and easy-to-grasp introduction into financial mathematics.

Table of contents

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

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Published by Pearson (January 12th 2016) - Copyright © 2017