Floating Rate Instruments and Swaps -- 8 Stocks, Stock Markets and Stock Indices -- Part 2 Futures and Options -- 9 Futures and … (equities, interest and exchange rates, indices, bank loans), most vanilla and exotic derivatives (swaps, futures, options … Forwards -- 10 Options (I): General Description, Parity Relations, Basic Concepts and Valuation Using the Binomial Model -- 11 …

point with a simple quantitative hedging model, where optimally used options and futures on the S&P100's implied volatility … seldom sufficient and always expensive to hold. In this paper we argue that adding richer hedging instruments to the …