FINC3012 Derivative Securities HD Notes

Description

Notes cover content for entire semester Topics covered: * Introduction and unit overview * Mechanics of futures markets * Hedging strategies using futures * Determination of forward and futures prices * Swaps * Mechanics of options markets * Properties of stock options * Option trading strategies * Binomial trees and risk-neutral valuation * Black-Scholes-Merton option pricing model * Options on stock indices, currencies and futures * Delta * Exotic options * Derivatives mishaps and what we can learn from them Includes lecture notes and relevant textbook excerpts