Fundamentals of Trading Energy Futures & Options. This item is unavailable.Fundamentals of Trading Energy Futures & Options

In today s changing political and economic environment, it is increasingly important that companies learn to properly use various trading instruments to protect themselves against price volatility. Since the first successful energy futures contract was introduced almost a quarter century ago, trading in energy futures and options has played an important role in hedging against fluctuations in the price of petroleum products, crude oil, natural gas, propane, electricity, and most recently, coal. In this 2nd edition of their best-selling primer, authors Steven Errera and Stewart L. Brown explain how exchange traded futures and options markets work, and how companies can successfully use the markets in their overall strategy to increase profitability. They cover everything from market mechanics, hedging, spread trading, and technical trading to the history and growth of the markets. Also included in an extensive appendix detailing contract specifications for thirteen energy futures/options contracts.

Unlike agricultural commodity futures contracts that have been traded for over a century, trading in energy futures contracts began in 1978. Errera, the president of Energy Futures, Inc., and Brown (finance, Florida State U.) detail the basics of and dispel myths about these markets. They discuss and chart such topics as market mechanics, the behav