Introduction to Futures and Options Markets (3rd Edition) [Hardcover]

John Hull (Author)

Book Description

ISBN-10: 0138891486 | ISBN-13: 978-0138891480 | Publication Date: October 9, 1997 | Edition: 3 Har/Dsk

Appropriate for one-quarter/semester, junior/senior and graduate-level courses in options, futures, and speculative markets. This introduction to futures and options markets is ideal for those with limited background in mathematics. Based on Hull's Options, Futures and Other Derivatives, one of the best-selling books on Wall Street and in the college market.

Editorial Reviews

From the Publisher

This introduction to futures and options markets is ideal for those with limited background in mathematics. --This text refers to an alternate Hardcover edition.

From the Back Cover

This introduction to futures and options markets is ideal for readers with limited backgrounds in mathematics. Emphasizing the use of binomial trees for explaining how options are priced, it shows how one- and two-step binomial trees can be analyzed and includes comprehensive treatment of numerical procedures based on bionomial trees. The book also devotes one entire chapter to swaps and one to options on futures. The third edition of Introduction to Futures and Options Markets has been revised to include an explanation of swaps that reflects their use for asset management and liability management. It discusses daycount conventions, scenario analysis, and value-at-risk. And, it includes a revised Chapter 16 that focuses on the volatility smiles observed for equity and currency options and a revised Chapter 17 to provide background information on mortgage-backed securities and explain standard market models used to value European bond options, interest-rate caps and floors, and European swap options. An essential reference book for every investor and investment professional.

Product Details

• Hardcover: 504 pages
• Publisher: Prentice Hall; 3 Har/Dsk edition (October 9, 1997)
• Language: English
• ISBN-10: 0138891486
• ISBN-13: 978-0138891480
• Product Dimensions: 9.3 x 7.2 x 0.9 inches
• Shipping Weight: 2 pounds
• Average Customer Review: 4.5 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #387,425 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

6 of 7 people found the following review helpful:

5.0 out of 5 stars The best nontechnical introduction book on Derivtatives, September 3, 2000

By 

Franco Arda (Palo Alto, CA) - See all my reviews
(VINE VOICE)    (REAL NAME)   

This review is from: Introduction to Futures and Options Markets (3rd Edition) (Hardcover)

Hull wrote a classic book for the introduction to futures and options markets. It's for the serious reader who doesn't want to all the deviations and basics of option pricings. If, after reading this book, you're still interested in derivatives you cann proceed with Hull's "Options, Futures, and Other Derivative Securities", Kolb's "Futures, Options, and Swaps", or for the very ambitious student Wilmott's "Derivatives or Quantitative Finance".

6 of 8 people found the following review helpful:

4.0 out of 5 stars The book that I prefer, April 9, 1997

By A Customer

This review is from: Introduction to Futures and Options Markets (Hardcover)

This is the clearest book about futures markets. If you don't understand about this theme, you have to read this book. It's really easy. Specially if you don't speak english (the vocabulary is limited, fortunatelly). Este es el libro más claro acerca de los mercados de futuros. Si no entiendes este tema, tienes que leer este libro. Es realmente fácil. Especialmente si no hablas inglés (el vocabulario es restringido, afortunadamente).

3 of 4 people found the following review helpful:

5.0 out of 5 stars Excellent book, must have for finance nuts., August 31, 1998

By A Customer

This review is from: Introduction to Futures and Options Markets (3rd Edition) (Hardcover)

The material is similar to his other book, Options Futures and Other Derivatives, but much more easy to read. With Brealy & Myers, this forms a good complementary text.