Derivatives - Options and Futures

This textbook rethinks derivatives in a structured manner. This is done from the perspective of financial modeling, whereby the central issues from the financial economy are holistically mapped and resolved with the help of Microsoft Excel. The guideline of the book is an integrated case study, which is divided into two parts. The first part deals with the basics and the valuation of options and futures. In the second part, the individual option strategies are examined step by step in separate course units. The analysis ends figuratively speaking in a cockpit of sorts, where the reader controls the possible strategies in Excel. The book is aimed at students of business administration with a focus on finance.

List of contents

Part I: Fundamentals and Pricing of Options and Futures.- Chapter 1. Fundamentals of options.- Chapter 2. The Black-Scholes model incl. the Greeks.- Chapter 3. Fundamentals and pricing of futures.- Part II: Option strategies.- Chapter 4. Basic strategies with options and bullish option strategies.- Chapter 5. Bearishe Advanced Options Strategies.- Chapter 6. Overview of option strategies and recommendations for action.

About the author

Dietmar Ernst is Professor of Corporate Finance at the International School of Finance at the University of Applied Sciences in Nürtingen (Germany). He is also the director of the European Institute of Quantitative Finance (EIQF). Dietmar Ernst worked for many years as an M&A consultant, private equity manager and company valuation specialist in various banks.
Joachim Hacker is Professor of Corporate Finance at Munich University of Applied Science, Germany. He is also the director of the European Institute of Quantitative Finance (EIQF). Prior to his academic career, Joachim Hacker was a Vice President at Rothschild in the Mergers & Acquisitions department in London and in Frankfurt.

Product details

• Authors: Dietmar Ernst, Joachim Häcker
• Publisher: Springer, Berlin
• Original title: Derivate
• Languages: English
• Product format: Hardback
• Released: 20.05.2025
• EAN: 9783031858215
• ISBN: 978-3-0-3185821-5
• No. of pages: 135
• Dimensions: 155 mm x 12 mm x 235 mm
• Weight: 338 g
• Illustrations: IX, 135 p. 70 illus., 64 illus. in color.
• Series: Springer Texts in Business and Economics
• Subjects: Social sciences, law, business > Business > Business administration; Management und Managementtechniken, Pricing, trading, Angewandte Mathematik, Risikobewertung, risk management, Stock Markets, capital markets, Financial Modeling, Financial Engineering, Mathematics in Business, Economics and Finance, Finanzenwesen und Finanzindustrie, Bearish Strategies, Bullish Strategies, Volatilities