Options, Futures, and Other Derivatives

Options, Futures, and Other Derivatives

  • Downloads:4507
  • Type:Epub+TxT+PDF+Mobi
  • Create Date:2021-10-06 06:53:13
  • Update Date:2025-09-06
  • Status:finish
  • Author:John C. Hull
  • ISBN:1292212896
  • Environment:PC/Android/iPhone/iPad/Kindle

Summary

For graduate courses in business, economics, financial mathematics, and financial engineering; for advanced undergraduate courses with students who have good quantitative skills; and for practitioners involved in derivatives markets

 

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。

 

 

This program provides a better teaching and learning experience—for you and your students。 Here’s how:

   NEW! Available with a new version of DerivaGem software—including two Excel applications, the Options Calculator and the Applications Builder
   Bridges the gap between theory and practice—a best-selling college text, and considered “the bible” by practitioners, it provides the latest information in the industry
   Provides the right balance of mathematical sophistication—careful attention to mathematics and notation
Offers outstanding ancillaries to round out the high quality of the teaching and learning package

Download

Reviews

Freddie Barr-Smith

This book is for derivatives trading, what applied cryptography by schneier or security engineering by anderson is for cybersecurity。 Very good, maths is tricky though。

Philip Pastore

E' il libro più utilizzato riguardo i seguenti argomenti。 Facilmente comprensibile, con molti esempi。 Vengono esposti per vie traverse anche le principali istituzioni finanziarie di oggi。 Interessanti le sezioni di approfondimento。Come tutti i libri mainstream di finanza soffre di un certo grado di polarizzazione del pensiero (ambiente risk-neutral, comportamento perfettamente razionale ecc。。)。 Il libro è decisamente orientato all'execution ed è cablato per una conoscenzia in materia basso-media E' il libro più utilizzato riguardo i seguenti argomenti。 Facilmente comprensibile, con molti esempi。 Vengono esposti per vie traverse anche le principali istituzioni finanziarie di oggi。 Interessanti le sezioni di approfondimento。Come tutti i libri mainstream di finanza soffre di un certo grado di polarizzazione del pensiero (ambiente risk-neutral, comportamento perfettamente razionale ecc。。)。 Il libro è decisamente orientato all'execution ed è cablato per una conoscenzia in materia basso-media。La matematica è molto semplice e a volte sfocia nella semplice definizione di tutte le variabili per poi applicare le varie formule in un modo deterministico e ingenuo。 。。。more

Joseph

A basic compilation of the different types of investment derivatives, outlining the vocabulary and jargon involved, as well as the calculations necessary to properly value these instruments in a manner that allows the investor to discern whether it is an appropriate risk or completely mis-valued。 Interspersed are anecdotes that further illustrate the problems, nuances, and exceptions to the timing and valuing of the instruments and investment procedures involved。

Viktor O。

I had a number of interesting discussions in the finances with Prof。 John C。 Hull in North America in 2005-2006。 Therefore, I can certainly say that the book covers many interesting topics in the modern finances。 Here, it makes sense to add that Investment in Capital Markets book by Viktor O。 Ledenyov and Dimitri O。 Ledenyov adds some new perspectives to the possible solutions of investments problems in the capital markets。

Elchin Jafarov

Despite some say the book is overrated, I find it quite challenging to write (I would even say develop) a textbook with such clear and comprehensive structure, as well as balanced explanations。 Using the book for many years of learning/teaching finance prooved that it manages to clearly explain topics, which are mathematically complex for a beginner student or even intermediate financial practicioner。

Jeremy Lo

A classic written by a famous researcher。 A good introduction to financial modelling/derivative pricing in a not so mathematical way。The book covers a wide range of topics in a basic/introductory way。 Suitable for students, but not quite suitable for (young) professionals。

Andrea

LA SACRA BIBBIA

devesh shrivastava

Prn

Valters Bondars

7/10

Mark Wilson

If you can understand everything this manual says, you are well on your way to understanding derivatives trading。 However, it's not easy。 Out of every 1,000 who say they understand everything it has to offer, perhaps only one really does。 There are many other books on the subject。 This is the one book you'll see every derivatives trader referring to-it's the Bible to them。 If nothing else, this will teach you why derivatives traders are rewarded well。 If you can understand everything this manual says, you are well on your way to understanding derivatives trading。 However, it's not easy。 Out of every 1,000 who say they understand everything it has to offer, perhaps only one really does。 There are many other books on the subject。 This is the one book you'll see every derivatives trader referring to-it's the Bible to them。 If nothing else, this will teach you why derivatives traders are rewarded well。 。。。more

Tianyi

An execllent book of modern financial theory。

Qurban

Nəzəriyyə hissəsi yaxşıdır, çünki 2008 böhranından sonra yazılıb。 Dili isə çətindir, biznes tələbələrinə uyğun kitab deyil。 İsbatlarla dolu olan kalkulus kitabı belə bundan asan idi。

Gery

The bible。

sepehrdad

شکل اولیه ی پول انواع کالا بود و جابه جایی پول مبادله ی کالا به کالا。 بعدها سکه ها اختراع شدند。 فلزات کمیاب پرارزشی برای مبادله ی پول。 و بعدها اسکناس ها آمدند。 کاغذهایی شکننده که فقط معنای پول را داشتند。 پول در تاریخ بشر روز به روز معنوی تر و متافیزیکی تر شده است。 مشتقات مالی معجزه ای در باب متافیزیکی شدن پول هستند。 در نگاه اول غیرقابل هضم است که روی یک دارایی و سهام که خودش شکل فیزیکی مشخصی ندارد دوباره یک دارایی شکل بگیرد که جدا از دارایی اول مبادله شود و در عین حال که به آن وابسته است از آن م شکل اولیه ی پول انواع کالا بود و جابه جایی پول مبادله ی کالا به کالا。 بعدها سکه ها اختراع شدند。 فلزات کمیاب پرارزشی برای مبادله ی پول。 و بعدها اسکناس ها آمدند。 کاغذهایی شکننده که فقط معنای پول را داشتند。 پول در تاریخ بشر روز به روز معنوی تر و متافیزیکی تر شده است。 مشتقات مالی معجزه ای در باب متافیزیکی شدن پول هستند。 در نگاه اول غیرقابل هضم است که روی یک دارایی و سهام که خودش شکل فیزیکی مشخصی ندارد دوباره یک دارایی شکل بگیرد که جدا از دارایی اول مبادله شود و در عین حال که به آن وابسته است از آن مستقل نیز باشد。 آپشن ها احترام به شعور بشریت اند。 خریدن حق اختیار خرید و خریدن حق اختیار فروش و فروختن حق اختیار خرید و فروختن حق اختیار فروش چهار دسته ی مختلف از آپشن ها هستند که در نگاه اول فقط بازی با کلمات به نظر می آیند。 ولی جهانی عظیم را شکل داده اند。کتاب آپشن ها, فیوچرها و دیگر مشتقات ملی جان هال یک کتاب پایه ی فوق العاده برای درک ساز و کارهای مشتقات مالی است。 فصل های کتاب کوتاه هستند و زبان کتاب بسیار ساده。 ریاضیات مباحث مالی ریاضیات سنگینی نیست。 فقط تبدیل معاملات گوناگون به زبان ریاضی (مدل سازی) کمی سخت است که جان هال به خوبی از پسش بر آمده。برای من نرم افزار همراه کتاب خیلی هیجان انگیز بود。 نرم افزاری که یک فایل اکسل فرموله شده است。 یک شامورتی بازی هیجان انگیز با اکسل که در ابعادی کوچک به آدم یاد می دهد که مشتقات مالی و دنیای قشنگ نوی شان بر چه پایه هایی شکل می گیرد و با چه محاسبات عظیم جالبی قیمت گذاری می شوند。 。。。more

Yasiru

Haven't used it as a textbook, but it's a nice resource to look up instruments and see them in context。 Haven't used it as a textbook, but it's a nice resource to look up instruments and see them in context。 。。。more

Kirill

Хорошая книга с детальным и всеобъемлющим рписанием опционов и других производных инструментов, включая экзотические。 Математическая часть немного устарела (вычислительные схемы), в остальном все описание еще актуально。 Очень поучительные примеры из практики。

Abraham Farag

Written like a grad school textbook。 Was very useful to me。 -Abraham Farag

Dombercz

Comprehensive

Oriana

Although I used it as a bible while studying derivatives in France, it was merely due to the fact that the professor had co written the french version of this book。 I found that it served as good starting point, but there weren't many details on the maths side - the jumps weren't always clear from one formula to another and explanations surrounding models were non-existent sometimes。 For example, the binomial chapter included 2 separate approaches but they merged together in the explanation rath Although I used it as a bible while studying derivatives in France, it was merely due to the fact that the professor had co written the french version of this book。 I found that it served as good starting point, but there weren't many details on the maths side - the jumps weren't always clear from one formula to another and explanations surrounding models were non-existent sometimes。 For example, the binomial chapter included 2 separate approaches but they merged together in the explanation rather than having a distinct separation - horrendous when asked to valuate option values using the 2 ways。 。。。more

Harshdeep

Bible of Financial Market。

Awertgafadgfz

John Hull, who writes very well and clearly, delivers a sufficiently detailed view of the derivatives market fundamentals and more。 A classic, a starting point for understanding topics and good for a little refresh at other times。

Iain Hamill

Admittedly not a cover to cover read, the chapters I needed were useful!

Michael

This is a very clearly written book and very thorough。 It almost made a math type (like me) with no finance background competent at the topic。 Almost。

Zoya

Very good introductory textbook on derivatives markets。 Been extremely useful in aiding my understanding of the subject。

Peter

Good for reference and digging deeper into a topic。Not an introductory text。

D Zhutrade

It is a outstanding book for fundemental understandings of Derivatives。

Jussi

Dry and pedagogically poor presentation。

Daniel

Very good introductory textbook on derivatives markets。 I'd strongly recommend solving problems at the end of each chapter。 Very good introductory textbook on derivatives markets。 I'd strongly recommend solving problems at the end of each chapter。 。。。more

Liberty

I have no options in the future

Saju Pillai

Brilliant。 Or as my friend says "proper scientific founding in derivatives with which to loose money in the market" - the same guy who came up with the chapter wise exercises available in the 6th Indian Edition of this book。An introductory textbook for someone interested in Futures & Options。 The math is easy to grasp, Hull takes shortcuts while deriving some of the results in derivative theory but follows up with rigorous proofs in the appendix。 I would have personally liked some more in depth Brilliant。 Or as my friend says "proper scientific founding in derivatives with which to loose money in the market" - the same guy who came up with the chapter wise exercises available in the 6th Indian Edition of this book。An introductory textbook for someone interested in Futures & Options。 The math is easy to grasp, Hull takes shortcuts while deriving some of the results in derivative theory but follows up with rigorous proofs in the appendix。 I would have personally liked some more in depth study on Volatility; the book is otherwise reasonably well balanced。 。。。more