This course is an introduction to futures and options. Topics covered include the derivative nature of these contracts, markets in which they are underwritten and traded, standard valuation models for pricing these contracts, and their uses in financial risk management and speculative trading. Course discussions cover theoretical concepts and real world applications.
Materials come from the text and journal articles.
All reading materials are strongly recommended. Part I. Forwards and Futures 1. Long position and short position 1.3. Delivery price 1.4. Forward price 1.5.