Commodity Derivatives

Commodity Derivatives: A Guide for Future Practitioners describes the origins and uses of these important markets. This straightforward book provides the necessary theoretical background and covers the practical applications that employers expect new hires to understand.

1. Introduction 2. Trading Futures and Options 3. Understanding and Interpreting Futures Prices 4. Futures Pricing 5. Margins, Clearing, Delivery, and Final Settlement 6. Market Regulation 7. Hedging with Futures 8. Hedging and the Basis 9. Futures Hedging Enhancements 10. Profit Margin Hedging and Inverse Hedging 11. Hedging and Basis Trading 12. Basis Trading and Rolling a Hedge 13. Speculating with Futures 14. Introduction to Options on Futures 15. Option Pricing 16. Profit Tables and Profit Diagrams 17. Hedging with Options 18. Option Hedging Enhancements 19. Speculating with Options 20. Commodity Swaps.