Options, Futures, and Other Derivatives, Global Edition, 11th edition

Published by Pearson (June 17, 2021) © 2021

  • John C. Hull University of Toronto
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This product is expected to ship within 5-7 business days for Australian customers.

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This product is expected to ship within 5-7 business days for Australian customers.

An industry-leading text and consistent best-seller

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Ideal for students studying Business, Economics, and Financial Engineering and Mathematics, this edition gives you a modern look at the derivatives market by incorporating the industry's hottest topics, such as securitisation and credit crisis, bridging the gap between theory and practice.

Written with the knowledge of how Maths can be a key challenge for this course, the text adopts a simple language that makes learning approachable, providing a clear explanation of ideas throughout the text.

The latest edition covers the most recent regulations and trends, including the Black-Scholes-Merton formulas, overnight indexed swaps, and the valuation of commodity derivatives.

  • 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 financial crisis of 2007-8
  • 9. XVAs
  • 10. Mechanics of options markets
  • 11. Properties of stock options
  • 12. Trading strategies involving options
  • 13. Binomial trees
  • 14. Wiener processes and Ito's lemma
  • 15. The Black-Scholes-Merton model
  • 16. Employee stock options
  • 17. Options on stock indices and currencies
  • 18. Futures options and Black's model
  • 19. The Greek letters
  • 20. Volatility smiles and Volatility Surfaces
  • 21. Basic numerical procedures
  • 22. Value at risk and expected shortfall
  • 23. Estimating volatilities and correlations
  • 24. Credit risk
  • 25. Credit derivatives
  • 26. Exotic options

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