• 1. Introduction



• 2. Mechanics of futures markets



• 3. Hedging strategies using futures



• 4. Interest rates



• 5. Determination of forward and futures prices



• 6. Interest rate futures



• 7. Swaps



• 8. Securitization and the credit crisis of 2007



• 9. Mechanics of options markets



• 10. Properties of stock options



• 11. Trading strategies involving options



• 12. Introduction to binomial trees



• 13. Valuing stock options: The Black--Scholes--Merton model



• 14. Employee stock options



• 15. Options on stock indices and currencies



• 16. Futures options



• 17. The Greek letters



• 18. Binomial trees in practice



• 19. Volatility smiles



• 20. Value at risk



• 21. Interest rate options



• 22. Exotic options and other nonstandard products



• 23. Credit derivatives



• 24. Weather, energy, and insurance derivatives



• 25. Derivatives mishaps and what we can learn from them



• Answers to Quiz Questions



• Glossary of terms



• DerivaGem software



• Major exchanges trading futures and options



• Tables for N(x)



• 
  Index