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

 

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