Options, Futures, and Other Derivatives (5th Edition)
Author: John C. Hull
List Price: $141.00
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ISBN: 0130090565
Publisher: Prentice Hall (03 July, 2002)
Sales Rank: 3,066
Average Customer Rating: 4.33 out of 5
Customer Reviews
Rating: 5 out of 5
A Bible for the Derivatives market
This is a comprehensive book that is easy to read both as a reference book and as a learners guide to the derivatives market. It is an excellent guide for stock-brokers, economists, mathematicians and anyone interested in the derivative markets who possess a fair understanding of probability theory and a basic knowledge of stochastic calculus.
The book deals with such issues of different types of options, portfolio hedging, options pricing, stock market models (e.g. Black-Scholes and Brownian motion) and the various jargon and equations used in the option market.
As other readers have suggested much of the book may be beyond certain readers who lack the mathematical background. For those interested in the subject and with a mathematical knowledge they should find this book succint, comprehensive and accurate.
Rating: 5 out of 5
Best Overall Derivatives Reference
John Hull manages to give a useful overview of all of the major derivatives products. He gives methods of valuation that are easy to understand. The first step to understanding is to get the correct terminology and breadth. Critics might say he doesn't give the most technical valuation techniques. That's not the point of a work like this. This is a reference which promotes illumination and allows one to integrate knowledge in the entire field. Detailed pricing models for each of these products and sophisticated yield curve building methods require additional study and separate debate. No one said it wasn't work, but this gives the dedicated professional the best cognitive guide book in the field. The coverage of credit derivatives is light, however. In addition to this book, I also highly recommend Tavakoli's "Credit Derivatives & Synthetic Structures".
Rating: 5 out of 5
Simply the Best!
This is the bible of options and futures markets. It is very well written, clear, and relatively easy to understand. However, you have to read it carefully as it minces its words. Every sentence is packed with information and is important. You may find 'easier' books, but they will not go the distance. So, save your money and get the best of them all. Risk Magazine lists this book as #4 among most widely cited papers/books between 1988 and 2003. No surprise there! Similar Products
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