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Program Type: 
Thesis
Non Thesis
Course Code: 
FE 504
Semester: 
Spring
P: 
3
Lab: 
0
Credits: 
3
ECTS: 
10
Course Language: 
English
Course Content: 

Introduction to options, forward and futures markets; determinants of option values; portfolio strategies using options; put - call parity, spot - futures parity, early exercise; binomial model; Black - Scholes model; option deltas and elasticities; delta hedging, pitfalls of dynamic hedging; forward rate agreements (FRA), futures implied forward rates; interest rate, cross currency and equity swap methods; combining derivatives to engineer new products.

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Course Learning Outcomes

Opsiyonlara giriş, vadeli döviz ve vadeli piyasalar; opsiyon değerlerinin determinantları; Opsiyonları kullanarak portföy stratejileri, alım-satım işlem paritesi, peşin ve vadeli parite, erken uygulama, binominal model, Black-Scholes modeli, opsiyon deltaları ve elastikiyetler, delta kur riskini azaltmaya yönelik vadeli işlem