Details

Derivatives Markets and Analysis


Derivatives Markets and Analysis


Bloomberg Financial 1. Aufl.

von: R. Stafford Johnson

60,99 €

Verlag: Wiley
Format: EPUB
Veröffentl.: 21.08.2017
ISBN/EAN: 9781118240724
Sprache: englisch
Anzahl Seiten: 784

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Beschreibungen

<b>A practical, informative guide to derivatives in the real world</b> <p><i>Derivatives</i> 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, <i>Derivatives</i> 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.</p> <p>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.</p> <ul> <li>Understand derivatives strategies and models from basic to advanced</li> <li>Apply Bloomberg information and analytical functions</li> <li>Learn how investment decisions are made in the real world</li> <li>Grasp the complexities of securities evaluation, selection, and management</li> </ul> <p>The financial and academic developments of the past twenty years have highlighted the challenge in acquiring a comprehensive understanding of investments and financial markets. <i>Derivatives</i> provides the detailed explanations you've been seeking, and the hands-on training the real world demands.</p>
<p>Preface ix</p> <p>Acknowledgments xiii</p> <p>About the Author xiv</p> <p><b>PART 1: FUTURES AND FORWARD CONTRACTS 1</b></p> <p>CHAPTER 1 Futures Markets 3</p> <p>CHAPTER 2 Currency Futures and Forward Contracts 47</p> <p>CHAPTER 3 Equity Index Futures 78</p> <p>CHAPTER 4 Interest Rate and Bond Futures and Forward Contracts 121</p> <p><b>PART 2: OPTIONS MARKETS AND STRATEGIES 185</b></p> <p>CHAPTER 5 Fundamentals of Options Trading 187</p> <p>CHAPTER 6 Non-Stock Options: Equity Index, Futures, OTC, and Embedded Options 224</p> <p>CHAPTER 7 Option Strategies 278</p> <p>CHAPTER 8 Option Hedging 332</p> <p><b>PART 3: OPTION PRICING 397</b></p> <p>CHAPTER 9 Option Boundary Conditions and Fundamental Price Relations 399</p> <p>CHAPTER 10 The Binomial Option Pricing Model 439</p> <p>CHAPTER 11 The Black-Scholes Option Pricing Model 505</p> <p>CHAPTER 12 Pricing Non-Stock Options and Futures Options 544</p> <p>CHAPTER 13 Pricing Bond and Interest Rate Options 578</p> <p><b>PART 4: FINANCIAL SWAPS 625</b></p> <p>CHAPTER 14 Interest Rate Swaps 627</p> <p>CHAPTER 15 Credit Default and Currency Swaps 673</p> <p><b>PART 5: SUPPLEMENTAL APPENDIXES 705</b></p> <p>Appendix A Overview and Guide to the Bloomberg System 707</p> <p>Appendix B Directory Listing of Bloomberg Screens by Menu and Function 742</p> <p>Appendix C Uses of Exponents and Logarithms 755</p> <p>Index 761</p>
<p><b>R. STAFFORD JOHNSON</b> 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 <i>Options and Futures; Introduction to Derivatives; Bond Evaluation, Selection, and Management, Second Edition;</i> <i>Debt Markets and Analysis;</i> and<i> Equity Markets and Portfolio Analysis.</i> He has authored or co-authored over 50 academic journal articles.
<p><b>THE PRACTICAL ROAD MAP FROM THEORY TO PRACTICE ON THE BLOOMBERG TERMINAL</b> <p><i>Derivatives Markets and Analysis</i> is the comprehensive, A-to-Z guidebook to derivative securities and markets specifically designed to enhance your performance "on the Street." Step-by-step it takes you through market fundamentals, futures and forward contracts, options markets, the pricing of options, and financial swaps. Along the way, it details all the major theories and models used today at state-of-the-art trading desks, complete with exercises and problem-solving exercises tailor fit to execute on your Bloomberg terminal. This dependable reference stays with you while you: <ul> <li>Get up to speed on the latest advances in derivatives strategies and models, as well as the real-world complexities of derivative evaluation, selection, and management</li> <li>Develop a firm grasp on the investment decisions and technical nuances required to trade today's derivatives markets and profit</li> <li>Get the most out of Bloomberg information and analytic functions during your daily routine</li> </ul> <p><i>Derivatives Markets and Analysis</i> is your turnkey solution to bring theory to the terminal in the most efficient and profitable way.

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