Derivatives, Hedging & Structured Products

The first family. Obligation on both sides, and everything standardisation changed.

• 01

  Forward and Futures Position: Working Out the Payoff

  Calculate
• 02

  Open-Interest Change: Reading a Movement in the Count

  Calculate

The second family. A right on one side, an obligation on the other.

• 01

  Option Delta: What Can Be Approximated, and What Cannot

  Calculate

Combining legs. Spreads, the covered call, the iron condor, and the payoff shape.

• 01

  Option Payoff: What an Assembly Pays at the End Date

  Calculate

Rate derivatives. The most traded contract in the world, and the conventions beneath it.

• 01

  The Swap Payment Calculator: What One Period Settles At

  Calculate

The application. An exposure that already exists, and the instrument that offsets part of it.

• 01

  Hedge Ratio: How Much of a Holding to Write Against

  Calculate