Options, Futures, and Other Derivatives

Anyone have an electronic copy of 'Options, Futures, and Other Derivatives?'

I usually keep one at my desk, but it looks like it has been stolen (or maybe thrown away). We have an intern on the desk right now, and he sucks, so I am looking to have him read Hull and do some exercises before he asks any more questions.

Thanks.

25 Comments
 
brotherbearAnyone have an electronic copy of 'Options, Futures, and Other Derivatives?'

I usually keep one at my desk, but it looks like it has been stolen (or maybe thrown away). We have an intern on the desk right now, and he sucks, so I am looking to have him read Hull and do some exercises before he asks any more questions.

Thanks.

What constitutes a sucky intern?

 

A bad intern = someone I don't like.

Maybe they show up late. Maybe they have an attitude about getting tea/coffee/breakfast/lunch. Maybe they take themselves too seriously. Maybe they're not particularly clever. Maybe they're not commercial. Maybe they have hygiene issues. Maybe they're a 'close talker.' Maybe they're socially inept. Maybe they ask too many questions. Maybe they ask bad questions. Maybe they talk too much. Maybe they don't talk at all. Maybe they have no sense of humor.

There are a lot of ways to be awkward, but I guess that would sum up the primary quality of a bad intern.

 
brotherbearA bad intern = someone I don't like.

Maybe they show up late. Maybe they have an attitude about getting tea/coffee/breakfast/lunch. Maybe they take themselves too seriously. Maybe they're not particularly clever. Maybe they're not commercial. Maybe they have hygiene issues. Maybe they're a 'close talker.' Maybe they're socially inept. Maybe they ask too many questions. Maybe they ask bad questions. Maybe they talk too much. Maybe they don't talk at all. Maybe they have no sense of humor.

There are a lot of ways to be awkward, but I guess that would sum up the primary quality of a bad intern.

Naw, you don't need Hull's book. I will do his job fro free. Lol I read Hull's book and "Arbitrage theory in continuous time" by Bjork etc. I can price many different contingent claims. Still a lot to learn tho. And I need some experience.
What kind of derivatives are you trading? Interest rate derivatives? Currency derivatives? Equity derivatives? Weather?

 
brotherbearA bad intern = someone I don't like.

Maybe they show up late. Maybe they have an attitude about getting tea/coffee/breakfast/lunch. Maybe they take themselves too seriously. Maybe they're not particularly clever. Maybe they're not commercial. Maybe they have hygiene issues. Maybe they're a 'close talker.' Maybe they're socially inept. Maybe they ask too many questions. Maybe they ask bad questions. Maybe they talk too much. Maybe they don't talk at all. Maybe they have no sense of humor.

There are a lot of ways to be awkward, but I guess that would sum up the primary quality of a bad intern.

Sounds like everyone my firm hires now. Ahhh, the things we will stoop to for a knowledge of Matlab, GARCH, R, C++, C#, etc., and then the kids end up being terrible at trading.

 
bearcatsI have the latest edition and the solution key. Let me know if you need that.

Send it over, bearcats.

I win here, I win there...
 
Best Response
chewingumHope you don't mind me asking, but how does one get an internship on a trading desk without knowing hull? I thought that was required reading for trading interviews

Not really. You need to really know Hull if you: 1) took a derivatives course and put it is on your resume 2) interviewing specifically for a derivatives desk 3) mention something mildly in-depth about a derivative and the interviewer will ask further questions

For number 2) some desks/interviewers would probably want you to know a lot about derivatives while others would be happy if you know the basics (put, call, future). Apart from being an interview, an internship is a learning experience. As long as you are honest about your knowledge about derivatives and your desire to learn more about them, I don't see getting an internship on a derivatives desk to be a huge problem. They also give you some training/reading materials before you start the internship.

If you are interviewing for a FT position on a derivatives desk, you better know Hull.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 
Bi-Winning^Been there, done that.

I have the 7th, 6th and 5th edition + solutions.

Can't seem to find the 8th.

To Bi-Winning...

lol, I can't stop laughing at your name. That guy is pure entertainment. “Can't seem to find the 8th?" He would tell you "Can't is the cancer of happen" lol

 

Et suscipit ab iusto consequatur expedita ex repellat. Ut suscipit qui sit repellendus. Enim explicabo pariatur deleniti voluptate et ad.

Iste aut quisquam voluptas odit nulla id et. Voluptatem recusandae rerum voluptatem error itaque.

Eos error ut doloribus commodi accusantium enim voluptatem. Nihil consequatur tenetur ab aut necessitatibus ut nostrum. Doloribus porro commodi repellendus ab repellendus recusandae. Quas qui sunt at sed ratione. Et cumque dolore dolorum qui dolor et animi.

Suscipit cumque impedit labore voluptatibus. Perspiciatis qui facilis molestiae omnis. Odit molestiae asperiores sit. Quia animi hic error pariatur ab iusto impedit repellendus.

 

Quaerat non est cumque molestiae iure amet. Ullam vero aspernatur voluptates ea. Quis exercitationem temporibus quidem quam qui. Beatae laboriosam iusto cumque sint tempora qui nulla quo. Et qui nostrum recusandae rerum aliquid. Voluptates sunt quidem ex ipsa ad fugit. Aut repellendus assumenda nam at.

Dicta nulla cum eos qui nam nisi nisi. Et sit distinctio corporis vel dolor eum ut. Nihil corrupti beatae repudiandae explicabo error placeat reprehenderit. Aut odio doloribus repellendus temporibus dolor architecto alias. Rerum suscipit sint omnis aliquam. Dolores adipisci et voluptas dolorum.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
DrApeman's picture
DrApeman
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”