Futures and Options Market Fundamentals (4th Edition) (4th Edition)

Author: John C. Hull
Publisher:
Publish Date: 2001-08-01
Features: This book introduces the basic theories of futures and options markets. After briefly explaining the concepts of futures and options markets and the differences between them, the author explains the operating mechanisms of futures and options markets, as well as the methods for determining futures and options prices. It focuses on introducing key concepts such as hedging, interest rate markets, swaps, and provides a detailed analysis of some common financial derivatives. Additionally, it describes commonly used models like the binomial tree and the Black-Scholes model. To reflect changes in economic conditions, the author briefly introduces new financial derivatives that have emerged in recent years. Furthermore, in response to the significant losses caused by the improper use of derivatives in many regions, the book emphasizes the important considerations that should be paid attention to when using derivatives.