Imagine a financial instrument that combines the best of stock trading and futures trading, an instrument that allows you to control shares of Microsoft or General Electric for a fraction of the cost of buying them outright. Single stock futures are actual futures contracts on individual stocks (rather than an index, such as the S&P 500). Already trading in London (where they have been quite successful), trading in this new financial instrument begins in August 2002 for institutional investors and for individual traders. The contract has the potential to be the most successful futures contract ever launched, bigger than Treasury bonds, Eurodollars, or the S&P 500. The new contract is the product of (and therefore has the backing of) some of the largest futures and options exchanges in the world: the Chicago Mercantile Exchange, the Chicago Board Options Exchange, and the Chicago Board of Trade. Virtually every stock and futures brokerage firm in the country will be offering single stock futures contracts. Single Stock Futures offers McGraw-Hill the chance to be first to market in what many believe will be the most significant development in futures and stock trading in decades.
The book offers an introduction and education about single stock futures. The author follows a simple path that will easily familiarize the reader with this new product. Single Stock Futures explains what a single stock futures contract is, how it works, and important details such as margin requirements and contract specifications. In addition, the author discusses various trading strategies, including hedging, spread trading, and short selling; he illustrates these strategies with numerous examples. He also covers the advantages of single stock futures--including liquidity and standardized contracts--over outright stock ownership, Single Stock Futures is based on an ongoing quarterly class the author teaches on futures investing that is sponsored by Blooomberg News. Each class has between 1,000 and 1,300 students. The author is seen as an expert on single stock futures. He has been interviewed by major media, including The Wall Street Journal, Investor's Business Daily, and CNBC. He also writes numerous articles on the subject for industry media. He is the single stock futures expert for TradingMarkets.com, a leading investing website with more than 26,000 paid subscribers.
Single Stock Futures is the book for serious traders who want to know the basics of this exciting new financial vehicle. It will provide everything he or she needs to start trading single stock futures immediately.
Publisher: McGraw-Hill Education - Europe
Number of pages: 256
Weight: 530 g
Dimensions: 229 x 161 x 24 mm