Book description
A practical, informative guide to derivatives in the real worldDerivatives is an exposition on investments, guiding you from the basic concepts, strategies, and fundamentals to a more detailed understanding of the advanced strategies and models. As part of Bloomberg Financial's three part series on securities, Derivatives focuses on derivative securities and the functionality of the Bloomberg system with regards to derivatives. You'll develop a tighter grasp of the more subtle complexities involved in the evaluation, selection, and management of derivatives, and gain the practical skillset necessary to apply your knowledge to real-world investment situations using the tools and techniques that dominate the industry. Instructions for using the widespread Bloomberg system are interwoven throughout, allowing you to directly apply the techniques and processes discussed using your own data. You'll learn the many analytical functions used to evaluate derivatives, and how these functions are applied within the context of each investment topic covered. All Bloomberg information appears in specified boxes embedded throughout the text, making it easy for you to find it quickly when you need or, or easily skip it in favor of the theory-based text.
Managing securities in today's dynamic and innovative investment environment requires a strong understanding of how the increasing variety of securities, markets, strategies, and methodologies are used. This book gives you a more thorough understanding, and a practical skillset that investment managers need.
- Understand derivatives strategies and models from basic to advanced
- Apply Bloomberg information and analytical functions
- Learn how investment decisions are made in the real world
- Grasp the complexities of securities evaluation, selection, and management
The financial and academic developments of the past twenty years have highlighted the challenge in acquiring a comprehensive understanding of investments and financial markets. Derivatives provides the detailed explanations you've been seeking, and the hands-on training the real world demands.
Table of contents
- Cover
- Title Page
- Preface
- Acknowledgments
- About the Author
-
PART 1: Futures and Forward Contracts
-
CHAPTER 1: Futures Markets
- Introduction to Futures and Options Markets
- The Nature of Futures Trading and the Role of the Clearinghouse
- Types of Futures Contracts
- The Organized Markets and Characteristics of Futures Trading
- Commodity Futures Hedging
- Commodity Speculating with Futures
- Pricing Futures and Forward Contracts: Carrying‐Cost Model
- Conclusion
- Selected References
- Problems and Questions
- Bloomberg Exercises
- CHAPTER 2: Currency Futures and Forward Contracts
- CHAPTER 3: Equity Index Futures
- CHAPTER 4: Interest Rate and Bond Futures and Forward Contracts
-
CHAPTER 1: Futures Markets
-
PART 2: Options Markets and Strategies
- CHAPTER 5: Fundamentals of Options Trading
- CHAPTER 6: Non‐Stock Options: Equity Index, Futures, OTC, and Embedded Options
-
CHAPTER 7: Option Strategies
- Call Purchases
- Call Purchases in Conjunction with Other Positions
- Naked Call Writes
- Covered Call Writes
- Ratio Call Writes
- Put Purchases
- Naked Put Writes
- Covered Put Writes
- Ratio Put Writes
- Call Spreads
- Put Spreads
- Straddle, Strip, and Strap Positions
- Combinations
- Condors
- Simulated Stock Positions
- Conclusion
- Selected References
- Problems and Questions
- Bloomberg Exercises
- CHAPTER 8: Option Hedging
-
PART 3: Option Pricing
- CHAPTER 9: Option Boundary Conditions and Fundamental Price Relations
-
CHAPTER 10: The Binomial Option Pricing Model
- Single‐Period BOPM
- Multiple‐Period BOPM
- Estimating the BOPM
- Features of the BOPM
- Conclusion
- Selected References
- Problems and Questions
- Bloomberg Exercises
- Appendix 10A: Risk‐Neutral Pricing
- Risk‐Neutral Probability Pricing—Single‐Period Case
- Risk‐Neutral Probability Pricing—Multiple‐Period Case
- Appendix 10B: Discrete Dividend‐Payment Approach
- Example
- CHAPTER 11: The Black‐Scholes Option Pricing Model
- CHAPTER 12: Pricing Non‐Stock Options and Futures Options
- CHAPTER 13: Pricing Bond and Interest Rate Options
- PART 4: Financial Swaps
-
PART 5: Supplemental Appendixes
-
Appendix A: Overview and Guide to the Bloomberg System
- Bloomberg System—Bloomberg Keyboard
- Accessing Security Information
- Indexes
- Functionality
- Economic, Industry, Law, and Municipal Information Screens
- Monitor and Portal Screens
- Portfolios and Baskets
- Screening and Search Functions
- The Bloomberg Excel Add‐In: Importing Bloomberg into Excel
- Launchpad
- Conclusion
- Bloomberg Exercises
- Appendix B: Directory Listing of Bloomberg Screens by Menu and Function
- Appendix C: Uses of Exponents and Logarithms
-
Appendix A: Overview and Guide to the Bloomberg System
- Index
- End User License Agreement
Product information
- Title: Derivatives Markets and Analysis
- Author(s):
- Release date: September 2017
- Publisher(s): Bloomberg Press
- ISBN: 9781118202692
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