Fundamentals of trading energy futures & options:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Tulsa, OK
PennWell
[2018]
|
| Edition: | 3rd edition |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | xi, 306 Seiten Illustrationen |
| ISBN: | 9781593703264 |
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MARC
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| 100 | 1 | |a Marest, Luc |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Fundamentals of trading energy futures & options |c by Steven Errera and Stewart L. Brown |
| 246 | 1 | 3 | |a Trading energy futures & options |
| 250 | |a 3rd edition | ||
| 264 | 1 | |a Tulsa, OK |b PennWell |c [2018] | |
| 300 | |a xi, 306 Seiten |b Illustrationen | ||
| 336 | |b txt |2 rdacontent | ||
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| 650 | 7 | |a Energia (aspectos econômicos) |2 larpcal | |
| 650 | 4 | |a Commodity futures | |
| 650 | 4 | |a Energy industries |x Finance | |
| 650 | 4 | |a Gas industry |x Finance | |
| 650 | 4 | |a Petroleum industry and trade |x Finance | |
| 650 | 4 | |a Stock options | |
| 650 | 4 | |a Stocks | |
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| 999 | |a oai:aleph.bib-bvb.de:BVB01-030633277 | ||
Record in the Search Index
| _version_ | 1804178984435449856 |
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| adam_text | CONTENTS
Preface.....................................................ix
Acknowledgments.............................................xi
1 Futures and Options.............................................1
Contracts and Markets....................................... 1
2 Commodity and Options Contracts and Markets.....................4
Historical Development.......................................6
Comparison of Forward and Futures Contracts..................6
Commodity Futures Exchanges..................................7
Regulation...................................................9
3 Market Mechanism...............................................11
Long and Short Positions....................................11
Margin Requirement..........................................12
Closing a Position..........................................15
Exchange of Futures for Physicals...........................16
Brokerage Firms and Commissions.............................17
Monitoring Trading Procedures...............................19
Types of Orders.............................................23
4 Market Efficiency..............................................27
Efficient Market Hypothesis.................................27
Behavioral Finance..........................................30
Complex System Theory.......................................33
Subjectivism................................................34
Post-Keynesianism...........................................40
Notes.......................................................41
References..................................................42
5 Energy and Other Commodities in Modern Portfolio Theory— 45
Modern Portfolio Theory.....................................46
Capital Markets Theory......................................50
Notes.......................................................58
References..................................................59
6 Fundamental Analysis...........................................61
Long Run....................................................62
Medium Run..................................................70
Short Run...................................................82
Notes.......................................................85
References..................................................86
v
FUNDAMENTALS OF TRADING ENERGY FUTURES AND OPTIONS
7 Behavior of Futures Prices, Arbitrage, and Rolling Strategies__89
Principles of Futures Prices...................................89
Structures of Futures Prices................................. 91
Arbitrage......................................................96
Basis........................................................100
Rolling Strategies for Commodity Indexes......................105
Notes.........................................................109
8 Speculation and Spread Trading..................................Ill
Speculation and Position Trading..............................Ill
Spreads.......................................................113
Types of Spreads..............................................117
9 Technical Analysis and Quantitative Analysis....................129
Concept.......................................................129
Patterns......................................................132
Theories......................................................149
Notes.........................................................161
References....................................................162
10 Hedging.........................................................165
Long and Short Cash Positions.................................166
Perfect Hedging: Risk EUmination..............................167
Imperfect Hedging.............................................170
Arbitrage Hedging.............................................172
Short Hedging.................................................173
Selective or Anticipatory Hedging.............................174
Strip Hedging ................................................175
Hedging in Energy Futures.....................................176
Some Caveats on Hedging.......................................178
Cross Hedging.................................................180
i I Swaps..........................................................183
Introduction..................................................183
Swap Valuation................................................185
Notes.........................................................189
References....................................................190
12 Introduction to Options and Futures.............................191
Terminology...................................................191
Options Markets...............................................195
Characteristics...............................................196
Properties....................................................197
vi
Contents
Option Pricing..................................................200
Margin Requirement and Option Exercise..........................205
Note............................................................206
Reference.......................................................206
13 Option Valuation..................................................207
Price of Forwards and Futures...................................207
Binomial Tree...................................................208
Black-Scholes Model for Valuing a Stock.........................214
Black s Model for Futures.......................................218
Monte Carlo Simulation..........................................220
Trading with Options............................................221
Valuation using Wavelets........................................225
Notes...........................................................226
References......................................................226
14 Energy Options Strategies.........................................229
Trading Strategies..............................................229
Long Puts and Calls.............................................230
Spreads.........................................................231
Combinations....................................................234
Hedging Positions in Options....................................237
Derivatives.....................................................245
Hedging Risk when Selling Options...............................246
Note............................................................252
References......................................................253
15 Evolution of Energy Markets.......................................255
Structural Changes in the Energy Industry.......................255
Mergers and Acquisitions........................................257
Historical Perspective..........................................258
References......................................................261
16 History and Growth of Derivatives Markets.........................261
Structural Changes in the Derivatives Market....................261
Benefits of Futures, Swap, and Option Markets...................270
Consolidation in Commodity Markets in the 2000s.................275
After the 2007-2008 Financial Crisis............................287
References......................................................289
Appendix: Important International Organizations and Websites
Related to Trading Energy Commodities and Futures............291
Index............................................................295
Vll
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| id | DE-604.BV045245165 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T08:12:39Z |
| institution | BVB |
| isbn | 9781593703264 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-030633277 |
| oclc_num | 1012609080 |
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| physical | xi, 306 Seiten Illustrationen |
| publishDate | 2018 |
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| publishDateSort | 2018 |
| publisher | PennWell |
| record_format | marc |
| spelling | Marest, Luc Verfasser aut Fundamentals of trading energy futures & options by Steven Errera and Stewart L. Brown Trading energy futures & options 3rd edition Tulsa, OK PennWell [2018] xi, 306 Seiten Illustrationen txt rdacontent n rdamedia nc rdacarrier Energia (aspectos econômicos) larpcal Commodity futures Energy industries Finance Gas industry Finance Petroleum industry and trade Finance Stock options Stocks Errera, Steven Verfasser (DE-588)170394468 aut Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=030633277&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Marest, Luc Errera, Steven Fundamentals of trading energy futures & options Energia (aspectos econômicos) larpcal Commodity futures Energy industries Finance Gas industry Finance Petroleum industry and trade Finance Stock options Stocks |
| title | Fundamentals of trading energy futures & options |
| title_alt | Trading energy futures & options |
| title_auth | Fundamentals of trading energy futures & options |
| title_exact_search | Fundamentals of trading energy futures & options |
| title_full | Fundamentals of trading energy futures & options by Steven Errera and Stewart L. Brown |
| title_fullStr | Fundamentals of trading energy futures & options by Steven Errera and Stewart L. Brown |
| title_full_unstemmed | Fundamentals of trading energy futures & options by Steven Errera and Stewart L. Brown |
| title_short | Fundamentals of trading energy futures & options |
| title_sort | fundamentals of trading energy futures options |
| topic | Energia (aspectos econômicos) larpcal Commodity futures Energy industries Finance Gas industry Finance Petroleum industry and trade Finance Stock options Stocks |
| topic_facet | Energia (aspectos econômicos) Commodity futures Energy industries Finance Gas industry Finance Petroleum industry and trade Finance Stock options Stocks |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=030633277&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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