Options, Futures and other Derivatives - Incl CFA Level 1

THis lecture covers option characteristics, option payoffs and profits, and discusses call and put options

This lecture covers the put call parity theorem. It establishes a relationship between call options (as determined by the Black-Scholes Option Pricing Model) and put options. It also helps to identify arbitrage opportunities.

This lecture covers the basics of futures and forwards contracts. It includes examples relating to currency forwards and futures.

This lecture introduces swaps and discusses swap agreements whereby parties can swap fixed rate obligations for floating rate obligations and vice versa.

In this lecture, you will learn about forward forward agreements. We will cover topics such as what such agreements entail, how they can lock-in an interest rate for future borrowing, and how to calculate the interest rate that would prevail for future borrowing. 

This lecture considers forward rate agreements. These are derivative instruments that implicitly lock-in an interest rate for a future time period. They are settled through cash payment. The lecture looks at how to calculate that cash payment.