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* 16 17 18 19 20 21 22 Fundamentals of Futures and Options Markets, 7th Ed, Ch 1, Copyright ? John C. Hull 2010 Exchanges Trading Options Chicago Board Options Exchange International Securities Exchange NYSE Euronext Eurex (Europe) and many more (see list at end of book) * Fundamentals of Futures and Options Markets, 7th Ed, Ch 1, Copyright ? John C. Hull 2010 Options vs Futures/Forwards A futures/forward contract gives the holder the obligation to buy or sell at a certain price An option gives the holder the right to buy or sell at a certain price * Fundamentals of Futures and Options Markets
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