|
|
Lecture 18 covers hedging using options and compares the benefits of
hedging using options versus hedging using futures. Examples of hedging
using options are presented.
|
|
|
Lecture 17 introduces the concept of put-call parity and its
implications for options pricing. Arbitrage relationships between
options contracts are discussed.
|
|
|
Lecture 16 Options on futures are introduced and options terms such as put, call,
strike price, premium, and intrinsic value and time value are defined.
Numerous examples of options trades are…
|
|
|
Lecture 15: Carter continues the discussion of hedging, giving examples
of currency and financial hedges. The concept of an optimal hedge is
discussed.
|
|
|
Lecture 14: Carter introduces hedging with futures as a risk management
strategy. He gives examples of long and short hedges in commodity
markets are presented. Basis is defined as the difference…
|
|
|
Lecture 12 begins with a description of Eurodollar futures contracts
including calculation of profit or loss on and example contract.
Professor Carter further discusses trade imbalance, politics,…
|
|
|
Lecture 11 outlines the three types of financial futures and how they
are priced. Professor Carter describes the characteristics of different
debt instruments, bonds and eurodollars. The role…
|
|
|
Lecture 10 presents the Theory of
Normal Backwardation (Keynes) and the Theory of Price of Storage
(Working) - explain how the prices for different delivery months are
related and, in turn, the…
|
|
|
Lecture 9 completes the discussion of the price of storage and provides
an example of actual basis for Illinois corn. Carter introduces
foreign currency markets, how economic indicators impact…
|
|
|
Lecture 6 gives examples of treasury-bond trading, pricing, profit-loss
calculation, basis points, interest-rate expectation, and of currency
trading are discussed. These are followed by video…
|
|
|
Lecture 5 presents the economic functions served by futures and options
markets. It then begins a description of the terminology and mechanics
involved in futures and options markets and provides…
|
|
|
This class describes what options contracts, or options on futures
contracts are. It also answers what the difference is between a call
option and a put option. What does it mean to go long or…
|
|
|
Lecture 2 continues the course introduction - explaining just what is a futures
contract and what are the four categories of futures contract. This
lecture also provides an introduction to an…
|
