Options, futures, and other derivatives

Practitioners refer to it as "the bible;" in the university and college marketplace it's the best seller; and now it's been revised and updated to cover the industry's hottest topics and the most up-to-date material on new regulations. Options, Futures, and Other Derivatives by John C. Hull bridges the gap between theory and practice by providing a current look at the industry, a careful balance of mathematical sophistication, and an outstanding ancillary package that makes it accessible to a wide audience. Through its coverage of important topics such as the securitization and the credit crisis, the overnight indexed swap, the Black-Scholes-Merton formulas, and the way commodity prices are modeled and commodity derivatives valued, it helps students and practitioners alike keep up with the fast pace of change in today's derivatives markets.

Introduction - Mechanics of futures markets - Hedging strategies using futures - Interest rates - Determination of forward and futures prices - Interest rate futures - Swaps - Securitization and the credit crisis of 2007 - OIS discounting, credit issues, and funding costs - Mechanics of options markets - Properties of stock options - Trading strategies involving options - Binomial trees - Wiener processes and Ito's Iemma - The Black-Scholes-Merton model - Employee stock options - Option on stock indices and currencies - Future options - The Greek letters - Volatility smiles - Basic numerical procedures - Value at risk - Estimating volatilities and correlations - Credit risk - Credit derivatives - Exotic options - More on models and numerical procedures -- Martingales and measures - Interest rate derivatives: the standard market models - Convexity, timing, and quanto adjustments - Interest rate derivatives: models of the short rate - HJM, LMM, and multiple zero curves.