For courses in business, economics, and financial engineering and mathematics.

The definitive guide to the derivatives market, updated with contemporary examples and discussions 

Known as 'the bible' to business and economics professionals and a consistent best-seller, Options, Futures, and Other Derivatives gives readers a modern look at the derivatives market. By incorporating the industry's hottest topics, such as the securitisation and credit crisis, author John C. Hull helps bridge the gap between theory and practice. The 11th Edition covers all the latest regulations and trends, including the Black-Scholes-Merton formulas, overnight indexed swaps, and the valuation of commodity derivatives.

Table of Contents:

Chapter 1 Introduction 

Chapter 2. Futures Markets and Central Counterparties 

Chapter 3. Hedging Strategies Using Futures 

Chapter 4, Interest Rates 

Chapter 5. Determination of Forward and Futures Prices 

Chapter 6. Interest Rate Futures 

Chapter 7 Swaps 

Chapter 8. Securitization and the Financial Crisis of 2007--8 

Chapter 9. XVAs 

Chapter 10. Mechanics of Options Markets 

Chapter 11 Properties of Stock Options 

Chapter 12. Trading Strategies Involving Options 

Chapter 13. Binomial Trees 

Chapter 14. Wiener Processes and It~'s Lemma 

Chapter 15. The Black--Scholes--Merton Model 

Chapter 16. Employee Stock Options 

Chapter 17 Options on Stock Indices and Currencies 

Chapter 18. Futures Options and Black's Model 

Chapter 19, The Greek Letters 

Chapter 20. Volatility Smiles and Volatility Surfaces 

Chapter 21 Basic Numerical Procedures 

Chapter 22. Value at Risk and Expected Shortfall 

Chapter 23. Estimating Volatilities and Correlations 

Chapter 24. Credit Risk 

Chapter 25. Credit Derivatives 

Chapter 26. Exotic Options 

Chapter 27 More on Models and Numerical Procedures 

Chapter 28. Martingales and Measures 

Chapter 29, Interest Rate Derivatives: The Standard Market Models 

Chapter 30. Convexity, Timing, and Quanto Adjustments 

Chapter 31 Equilibrium Models of the Short Rate 

Chapter 32. No-Arbitrage Models of the Short Rate 

Chapter 33. Modeling Forward Rates 

Chapter 34, Swaps Revisited 

Chapter 35. Energy and Commodity Derivatives 

Chapter 36. Real Options 

Chapter 37 Derivatives Mishaps and What We Can Learn from Them 

About the Author

John Hull is the Maple Financial Professor of Derivatives and Risk Management at the Joseph L. Rotman School of Management, University of Toronto. He was in 2016 awarded the title of University Professor (an honor granted to only 2% of faculty at the University of Toronto). He is an internationally recognized authority on derivatives and risk management and has many publications in this area. His work has an applied focus. He has acted as consultant to many financial institutions throughout the world and has won many teaching awards, including the University of Toronto’s prestigious Northrop Frye award. His research and teaching activities include risk management, regulation, and machine learning, as well as derivatives. He is co-director of Rotman’s Master of Finance and Master of Financial Risk Management programs.