Unfortunately we do not have a summary for this item at the moment

Part 1 Options: stock option basics; the institutional environment for stock options; stock option pricing; risk management of an option portfolio; option products; exotic option - option innovations to meet special needs; interest rate options; option references and suggested readings. Part 2 Financial futures: contract characteristics and the institutional environment; pricing futures, forwards and options on futures - general considerations; treasury bill futures; Eurodollars; US treasury bond and notes futures; the Standard and Poor's 500 stock price index futures contract; futures references and suggested readings. Part 3 Interest rate swaps/basics: swap pricing and hedging; non-generic swaps; options on swaps; interest rate swap references and suggested readings. Part 4 Mortgage derivatives: the underlying instruments and market characteristics; valuation and hedging of MPTs; CMOs, STRIPs and other mortgage derivative instruments; mortgage derivative references and suggested readings.