Options, Futures and Other Derivatives (6th Edition) | John C. Hull

Options, Futures and Other Derivatives (6th Edition) | John C. Hull | EXCELENTE !!!!! Great Book

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Options, Futures a...

	Options, Futures and Other Derivatives (6th Edition) John C. Hull Prentice Hall, 2005 - 816 pages average customer review:based on 72 reviews view larger image
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highly recommended

Best Introductory Book on Derivatives

It is not surprising that Hull's book is the standard text in introductory graduate derivatives courses. You clearly see a no nonsense format in his book that is the same for all serious finance books (i.e. black text on a white background with only shades of gray). Being an intro book, he jumps steps in some of the more challenging derivations for the beginner like in the Black-Scholes options pricing model and doesn't discuss Ito calculus in much detail. However, there are clearly books that focus on those topics and they are clearly more advanced than for an intro course. This book is a definite must buy.

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EXCELENTE !!!!! Great Book

The book "Options, Futures and Other Derivatives" is for me the best book out there for Finance majors and professionals. I haven't finished the book but I feel confident now to review it. The structure and presentation of the book feels right, it starts with an introduction to Forwards, Futures and Option contracts and it later builds slowly on the mechanics of markets and the determination of their prices. Then it moves to more complex instruments and subjects (in my opinion) like the pricing of these instruments (Black & Scholes, Binomial Trees, etc.) and some risk management instruments like Value at Risk. In synthesis this book is a most have for any finance major or professional. There is not much I can say that it hasn't been said before. This book is the one that will give any student the necessary foundation to dwell into the more advance topics and pricing calculations. The only thing, I would like to recommend is that this book could be used with the Financial Toolkit of Matlab. It is a great teaching combination in my opinion. Currently my work prohibits me from teaching but if I could I would give classes of Derivatives using this book (+) Matlab. I think it is a nice combination and it helps students that don't have the necessary mathematical background to understand it right away. John C. Hull is one of our most valuable authors we have in the Financial Industry and his book should always be regarded as a jewel of finance.

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Undergraduate Finance Student

Hull is known as THE expert on the options and derivatives. I found the book easy to read and the examples are insightful. However, the book is not meant for skimming. One needs to focus on the material or important insight will be missed. I have had to re-read some portions of the chapter to completely understand what Hull is saying.

A bible, that's limited in scope.

Although John Hull's book "Options, futures, and other derivatives" is considered by many to be the bible for understanding derivatives , I think this book took the same shortcut that many books on this topic have taken. That is, they've focused on options where the underlying asset are stocks, exclusively. I suppose Hull's reason was to simplify an already complex topic. Yet, as a recent graduate with a degree in economics, I was hoping to find more information on options with commodities future contracts as the underlying asset. The book is fairly easy to follow. the dialogue is interesting without being boring. However, if your interested in a beginning book about derivatives, look somewhere else. If your interested in a book about derivatives that offers strategies, some useful math, and bases most of the discussion around stocks, this book might just be for you.

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