Lecture Notes on Futures and Options Part I : Forwards and Futures

In over 40 years teaching finance, I have put together hundreds of PowerPoint slides for MBA and Undergraduate level courses on Futures, Options, Derivatives and related topics. I provide them here for download and use without restriction, with the caveat that while I have done my best to make them correct, clear, and comprehensive, I do not guarantee that they are free of mistakes, nor have they kept up-to-date with rapidly changing market institutions. These notes are intended solely for pedagogical purposes. They do not contain investment advice.The full set consists of Part I: Forwards and Futures (153 slides); Part II: Options (153 slides); and Part III: Other Derivatives, including interest rate and bond derivatives, mortgages, credit derivatives and exotics (100 slides). The .pdf versions are posted here. The corresponding PowerPoint slides (with animation), can be downloaded from my personal website: http://pages.stern.nyu.edu/~sfiglews