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Seton Hall - Derivatives
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Baruch CAPS - Corp. Fin. & Val.
Baruch CAPS - Derivatives
Baruch FIN 3710
Baruch FIN 4710
Columbia Univ. Intro to Finance
Fordham FNBU 3221
SHU - BFIN 7236 Corporate Finance
Seton Hall - Derivatives
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Baruch Exec. MS FIN 9793
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City Unity College Statements & Budgeting
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Fordham Credit & Banking
Seton Hall - Bus. Fin. BFIN2201


The course is designed to introduce theoretical and practical applications of financial futures, options and other derivatives such Swaps, Swaptions and FRAs.  Over the last 30 plus years, with the expansion of hedge funds, the markets for these asset classes have grown enormously and has generated innovative techniques for hedging, speculating or arbitraging investments. Derivatives have become one of the most important tools of modern finance. We will examine the institutional aspects of futures, options and swap markets and provide an analytical foundation for the pricing these instruments. The subject matter requires relatively greater use of quantitative methods including the binomial option pricing model as well as the classic model of Black-Scholes-Merton.

Fall 2020 Course Outline -  Lectures , Assignments and Exams










Syllabus Spring 2021

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Wed 6.30 - 8.45 pm

Office Hours:   Remote on-line (by Appointment)

Jan 27


Feb 3

Feb 10

Feb 17

Feb 24

Mar 3

Mar 10

Mar 17

Mar 24

Mar 31

Apr 7

Apr 14

Apr 21

Apr 28

May 5

May 12

May 19


Link to Text Book

Text Book

Introduction to Derivatives and Risk Management 10th Edition

ISBN-13: 9781305104969

Authors: Don M. Chance; Roberts Brooks

Publisher: Cengage Learning

      Chapter    1, 2

Introduction & Structure of Derivatives Markets 

Chapter 6 

Basic Option Strategies 

Chapter 7 

Advanced Option Strategies 

Chapter 3 

Principal of Option Pricing
 Intro to Binomial Pricing Model - Method #1

Chapter 4 

Option Pricing Models:

The Binomial Model -  Single and Multi-stage Approach


Chapter 5 

Option Pricing Models:

The Black-Scholes-Merton Model 


Instructor's Notes:
 Equity Valuations using Options approach

Chapter        8 

Forwards & Futures 

Chapter    11 


Chapter 12

Interest Rate Forwards and Options
and CDS 


Assigned Lectures

Lecture #1

Powerpoint Introduction to Derivatives

Lecture #2

Options: Concepts, Strategy and Valuations

Lecture #3

Options: Concepts, Strategy and Valuations

Lecture #4

Lecture #4a (Intro to BOPM)

Options: Concepts, Strategy and Valuations

Lecture #5

Options: Concepts, Strategy and Valuations

Lecture #6


Lecture #7

Lecture #8

Lecture #9

Lecture #10


Lecture on YouTube


Introductions to Options and Basic Strategies


Introduction to Option Valuation

One-Period BOPM (Leverage & Probability Method) Call Option 1/3

Two-Period BOPM - Call Option 2/3

Two-Stage BOPM - Put Option 3/3


Interest Rate Swaps - The Basics 1/3

Interest Rate Swaps and benefits 2/3

Simple Interest Rate Swaps 3/3

Currency Swaps & CDS


Assigned Spreadsheets


Basic Option Strategies

Advance Option Strategies

Bionomial Option Pricing Model Method 1 (6-step Method)

BOPM (single and 2-period) Method 2

Black Scholes Option Model



Equity Val using Black Scholes

Futures & Forwards

Chapter 14 PowerPoint Presentation










Midterm Exam Review

Options Formula


Final Exam

Final Exam Review

Question 8 Exam

Options Practice Sheet with Answers

Options Formula


Homework Assignments


Homework #1

Chapter 6 #10, 12, 13 (no graph for 13)

Text Book Homework #1

Answers H#1

Homework #2:

Chapter 7 #6,9,13 

Text Book Homework #2

Answers H#2


Homework #3:

Homework Link #3

Answers H#3

Homework #4:

Homework #4 Link (CD Textbook Chapter 13 BOPM)

Answers #4 - Chapter 13


Homework #5:

Homework Link #5

Homework #6:

Homework Link #6

Homework #7:

Homework Link #7


Reading Assignments

ARTICLE: GameStop's Gargantuan Gamma Squeeze

GameStop Charts

Greeks in Finance

SIFMA Insights: US Listed Options Primer

Options Page on FB


You Tube Clip on Nike Calender Spread Strategy ahead of Earnings in September 2019

Nike Stock Price

Nike Stock Option

Horse Racing & Options


Article on Black Scholes

Bitcoin Assume Option Valuation


WSJ Futures Prices

Yahoo Finance Futures Prices

LIBOR MARKETS Interest Rates

The Big Short Clip on CDS

Managing Negative Interest Rates


Practice Sheets


Options Practice Sheet with Answers