This fifth edition book bridges the gap between the theory and practice of derivatives. It provides a unifying approach to the valuation of all derivatives?not just futures and options. It assumes that the reader has some knowledge of finance and probability and statistics. Topics covered include Determination of Forward and Futures Prices, Interest Rate Markets, Mechanics of Options Markets, and Properties of Stock Options. For individuals who work for banks and other financial institutions, as well as options traders, options analysts, risk managers, swaps traders, financial engineers, and corporate treasurers.
Although John Hull’s book “”Options, futures, and other derivatives”” is considered by many to be the bible for understanding derivatives , I think this book took the same shortcut that many books on this topic have taken. That is, they’ve focused on options where the underlying asset are stocks, exclusively. I suppose Hull’s reason was to simplify an already complex topic. Yet, as a recent graduate with a degree in economics, I was hoping to find more information on options with commodities future contracts as the underlying asset. The book is fairly easy to follow. the dialogue is interesting without being boring. However, if your interested in a beginning book about derivatives, look somewhere else. If your interested in a book about derivatives that offers strategies, some useful math, and bases most of the discussion around stocks, this book might just be for you.
- Author(s): John C. Hull
- Number of pages : 744 pages
- ISBN-10 : 0130090565
- ISBN-13 : 978-0130090560
- Publisher : Prentice Hall; 5th Edition (July 3, 2002)
- Language: : English