The following websites are helpful to start learning about financial derivatives. We may refer to the these in lecture and in problem assignments.

  • The web site of the American Stock Exchange, which runs an options exchange.
  • This site contains a glossary of the terms and concepts of finance. Many of the entries are extensive and are generally well-written and clear.
  • This site is for options education sponsored by the Options Industry Council.
  • You may also wish to check out the Chicago Board Options Exchange .


    • Course materials
















  • Syllabus
  • Lecture 1 notes (a) (b) (Updated 12/2/14)
  • Lecture 2 notes (a) (b)
  • Lecture 3 notes (a) (b)
  • Lecture 4 notes (a) (b) (Updated 12/15/14)
  • Lecture 5 notes (a) (b) (c) (Updated 11/30/14) (d) (Updated 12/4/14)
  • Lecture 6 notes (a) (b)
  • Homework 1 - 2 - 3 - 4 - 5 - 6 - 7
  • Homework solution: 1 2 3 4 5 6 (Updated 12/10/14) 7
  • Midterm 1 (Sol) Midterm 2 (Sol) Final (Sol)