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Options: An Introduction, 2nd Edition

ISBN: 978-1-878-97536-2

April 1995

372 pages

Description
Options: An Introduction is a completely revised edition which not only provides the same comprehensive introduction as the first edition, but also includes expanded treatment of option strategies, complete treatment of option sensitivities (DELTA, etc.) thorough treatment of European and American options in two separate chapters, and expanded treatment of options on futures, foreign currency options, and options on stock indexes. As with the first edition, the text comes with OPTION! software.

Major improvements to the software include:

  • The ability to write graphs to the hard drive for printing
  • European and American binomial model pricing with dividends (proportional payouts, continuous payouts, and specific dollar payouts)
  • The Barone-Adesi and Whaley analytic approximation for American options (with graphs)
  • Exact American option pricing (with graphs)
  • Complete analysis of option sensitivities (with graphs).

An Instructor's Manual is available to adopters.

About the Author

ROBERT W. KOLB was John S. and James L. Knight Professor of Finance at the University of Miami until 1995. He is author or coauthor of finance texts on a range of topics including futures, options, financial derivatives, investments, corporate finance, and financial institutions. He was founder and president of Kolb Publishing Company, sold to Blackwell Publishers in 1995. His research has been published in Financial Management, the Journal of Finance, the Journal of Risk and Insurance, the Journal of Financial Economics, and the Journal of Futures Markets.

Features
  • A Comprehensive introduction to the options market
  • Appendix OPTION! software is self-contained and does not need to be used with spreadsheet, works on almost any IBM PC or compatible
  • An Instructor's Manual is available to adopters.