Johnson Derivatives Markets and Analysis

1. Auflage 2017
ISBN: 978-1-118-24072-4
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 784 Seiten, E-Book

Reihe: Bloomberg Professional

A practical, informative guide to derivatives in the realworld
Derivatives is an exposition on investments, guiding youfrom the basic concepts, strategies, and fundamentals to a moredetailed understanding of the advanced strategies and models. Aspart of Bloomberg Financial's three part series on securities,Derivatives focuses on derivative securities and thefunctionality of the Bloomberg system with regards to derivatives.You'll develop a tighter grasp of the more subtle complexitiesinvolved in the evaluation, selection, and management ofderivatives, and gain the practical skillset necessary to applyyour knowledge to real-world investment situations using the toolsand techniques that dominate the industry. Instructions for usingthe widespread Bloomberg system are interwoven throughout, allowingyou to directly apply the techniques and processes discussed usingyour own data. You'll learn the many analytical functions used toevaluate derivatives, and how these functions are applied withinthe context of each investment topic covered. All Bloomberginformation appears in specified boxes embedded throughout thetext, 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 investmentenvironment requires a strong understanding of how the increasingvariety of securities, markets, strategies, and methodologies areused. This book gives you a more thorough understanding, and apractical skillset that investment managers need.
* Understand derivatives strategies and models from basic toadvanced
* Apply Bloomberg information and analytical functions
* Learn how investment decisions are made in the real world
* Grasp the complexities of securities evaluation, selection, andmanagement
The financial and academic developments of the past twenty yearshave highlighted the challenge in acquiring a comprehensiveunderstanding of investments and financial markets.Derivatives provides the detailed explanations you've beenseeking, and the hands-on training the real world demands.

Autoren/Hrsg.

Johnson, R. Stafford

Inhaltsverzeichnis

Preface ix

Acknowledgments xiii

About the Author xiv

PART 1: FUTURES AND FORWARD CONTRACTS 1

CHAPTER 1 Futures Markets 3

CHAPTER 2 Currency Futures and Forward Contracts 47

CHAPTER 3 Equity Index Futures 78

CHAPTER 4 Interest Rate and Bond Futures and Forward Contracts 121

PART 2: OPTIONS MARKETS AND STRATEGIES 185

CHAPTER 5 Fundamentals of Options Trading 187

CHAPTER 6 Non-Stock Options: Equity Index, Futures, OTC, and Embedded Options 224

CHAPTER 7 Option Strategies 278

CHAPTER 8 Option Hedging 332

PART 3: OPTION PRICING 397

CHAPTER 9 Option Boundary Conditions and Fundamental Price Relations 399

CHAPTER 10 The Binomial Option Pricing Model 439

CHAPTER 11 The Black-Scholes Option Pricing Model 505

CHAPTER 12 Pricing Non-Stock Options and Futures Options 544

CHAPTER 13 Pricing Bond and Interest Rate Options 578

PART 4: FINANCIAL SWAPS 625

CHAPTER 14 Interest Rate Swaps 627

CHAPTER 15 Credit Default and Currency Swaps 673

PART 5: SUPPLEMENTAL APPENDIXES 705

Appendix A Overview and Guide to the Bloomberg System 707

Appendix B Directory Listing of Bloomberg Screens by Menu and Function 742

Appendix C Uses of Exponents and Logarithms 755

Index 761

Über Autor(innen)

R. STAFFORD JOHNSON is director for the Smith Center at Xavier University. He is also a professor of finance at the university's Williams College of Business. He is the author of five monographs and six books, including Options and Futures; Introduction to Derivatives; Bond Evaluation, Selection, and Management, Second Edition; Debt Markets and Analysis; and Equity Markets and Portfolio Analysis. He has authored or co-authored over 50 academic journal articles.