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Derivative Products and Markets
FINA2204
2026 Update: I am currently refreshing all lecture slides for Semester 2, 2026. Updated versions will be released progressively throughout the semester as each topic is taught. Some lectures may therefore continue to display earlier revision dates until their 2026 versions are available.
Supplementary reading (optional, beta draft v0.01).
Extended notes I wrote to complement lectures; please keep Hull and the LMS materials as your primary references. Draft status — may contain errors; email corrections to frank.liu@uwa.edu.au. For enrolled FINA2204 students; please don't share outside the unit.
Lecture 1: Introduction and Forward Contracts (Updated on 13 July 2026)
Lecture 2: Futures Markets (Updated on 16 July 2026)
Lecture 3: Hedging with Futures (Updated on 26 July 2026)
Lecture 4: Pricing Forwards and Futures (Updated on 7 Aug 2026)
Lecture 5: Swaps (Updated on 23 Aug 2022)
Lecture 6: Mechanics of Options (Updated on 25 Aug 2022)
Lecture 7: Properties of Options (Updated on 12 Sep 2022)
Lecture 8: Option Trading Strategies (Updated on 20 Sep 2022)
Lecture 9: Binomial Option Pricing Model (Updted on 27 Sep 2022)
Lecture 10: The Black-Scholes-Merton Model (Updated on 4 Oct 2022)
Lecture 11: Option Greeks (Updated on 12 Oct 2022)
Lecture 12: Option Greeks and Volatility Trading 26 Sep 2019