Derivatives Markets and Analysis - Hardcover

by R. Stafford Johnson (Author)

A practical, informative guide to derivatives in the real world

Derivatives is an exposition on investments, guiding you from the basic concepts, strategies, and fundamentals to a more detailed understanding of the advanced strategies and models. As part of Bloomberg Financial's three part series on securities, Derivatives focuses on derivative securities and the functionality of the Bloomberg system with regards to derivatives. You'll develop a tighter grasp of the more subtle complexities involved in the evaluation, selection, and management of derivatives, and gain the practical skillset necessary to apply your knowledge to real-world investment situations using the tools and techniques that dominate the industry. Instructions for using the widespread Bloomberg system are interwoven throughout, allowing you to directly apply the techniques and processes discussed using your own data. You'll learn the many analytical functions used to evaluate derivatives, and how these functions are applied within the context of each investment topic covered. All Bloomberg information appears in specified boxes embedded throughout the text, making it easy for you to find it quickly when you need or, or easily skip it in favor of the theory-based text.

Managing securities in today's dynamic and innovative investment environment requires a strong understanding of how the increasing variety of securities, markets, strategies, and methodologies are used. This book gives you a more thorough understanding, and a practical skillset that investment managers need.

• Understand derivatives strategies and models from basic to advanced
• Apply Bloomberg information and analytical functions
• Learn how investment decisions are made in the real world
• Grasp the complexities of securities evaluation, selection, and management

The financial and academic developments of the past twenty years have highlighted the challenge in acquiring a comprehensive understanding of investments and financial markets. Derivatives provides the detailed explanations you've been seeking, and the hands-on training the real world demands.

Front Jacket

Derivatives Markets and Analysis is the final edition in the three-part series on securities from Bloomberg Press's Financial Series. With a firm grasp of fixed-income securities and stock portfolios from Debt Markets and Analysis and Equity Markets and Portfolio Analysis, respectively, you can add derivatives to your skillset with the same breadth of coverage and hands-on application as the other guides in the series.

The Black-Scholes Option Pricing Model, index arbitrage, financial engineering, and dynamic portfolio insurance are just a few of the contributions to come out of academia that have advanced the art and science of derivatives trading. This extensive guidebook takes you from basic concepts, theories, and strategies all the way through using advanced models in the real world. Written by an award-winning professor and former director of one of the largest Bloomberg-terminal equipped stations for students, this masterfully designed presentation covers everything you'd expect from a comprehensive resource on derivatives--including futures and forward markets, the carrying-cost model for pricing futures, option strategies, futures options, and swaps--along with explicit guidance for using Bloomberg data and analytic functions for each covered topic. Students preparing for Wall Street and professional traders alike will find the in-depth coverage and quick-reference format they need to enhance their Bloomberg terminal capabilities, including:

• Practical exercises specifically created for the Bloomberg terminal to both gain familiarity with the system and gain a deeper understanding of market mechanics
• Several appendices providing convenient, detailed descriptions of the entire Bloomberg system as well as the available analytic functions
• An accompanying website featuring solutions to problems, how-to videos, versatile spreadsheet programs, and more

Everyone managing securities in this fast-paced, continuously evolving market environment needs to have up-to-date information on securities, markets, strategies, and methodologies at their fingertips, and now you have it with Derivatives Markets and Analysis and a Bloomberg terminal.

Back Jacket

Derivatives Markets and Analysis is the final edition in the three-part series on securities from Bloomberg Press's Financial Series. With a firm grasp of fixed-income securities and stock portfolios from Debt Markets and Analysis and Equity Markets and Portfolio Analysis, respectively, you can add derivatives to your skillset with the same breadth of coverage and hands-on application as the other guides in the series.

The Black-Scholes Option Pricing Model, index arbitrage, financial engineering, and dynamic portfolio insurance are just a few of the contributions to come out of academia that have advanced the art and science of derivatives trading. This extensive guidebook takes you from basic concepts, theories, and strategies all the way through using advanced models in the real world. Written by an award-winning professor and former director of one of the largest Bloomberg-terminal equipped stations for students, this masterfully designed presentation covers everything you'd expect from a comprehensive resource on derivatives--including futures and forward markets, the carrying-cost model for pricing futures, option strategies, futures options, and swaps--along with explicit guidance for using Bloomberg data and analytic functions for each covered topic. Students preparing for Wall Street and professional traders alike will find the in-depth coverage and quick-reference format they need to enhance their Bloomberg terminal capabilities, including:

• Practical exercises specifically created for the Bloomberg terminal to both gain familiarity with the system and gain a deeper understanding of market mechanics
• Several appendices providing convenient, detailed descriptions of the entire Bloomberg system as well as the available analytic functions
• An accompanying website featuring solutions to problems, how-to videos, versatile spreadsheet programs, and more

Everyone managing securities in this fast-paced, continuously evolving market environment needs to have up-to-date information on securities, markets, strategies, and methodologies at their fingertips, and now you have it with Derivatives Markets and Analysis and a Bloomberg terminal.

Author Biography

R. STAFFORD JOHNSON is director for the Smith Center at Xavier University. He is also a professor of finance at the university's Williams College of Business. He is the author of five monographs and six books, including Options and Futures; Introduction to Derivatives; Bond Evaluation, Selection, and Management, Second Edition; Debt Markets and Analysis; and Equity Markets and Portfolio Analysis. He has authored or co-authored over 50 academic journal articles.