Derivatives, Options, Warrants, Futures, Bonds, How to maximize the yield, Portfolio - Hedging, Complex Combinations, Synthetic Securities, Mastering the risks of fluctuating interest rates, Option writing techniques, Calculation of special bonds or exotic derivatives like e.g. "Power Warrants", etc., etc.

Derivate, Optionen, Optionsscheine, Futures, Anleihen, Renditemaximierung, Portfolio - Hedging (Absicherungstechniken), komplexe Kombinationen, synthetische Wertpapiere, Steuerung des Zinsaenderungsrisikos, Stillhalter - Techniken, diverse Spezialitaeten wie z.B. Berechnung von Spezialanleihen, von "Power Warrants" und aehnlichen Exoten, etc., etc.

The former "Modern Speculator Pro" program is now available for free download as "Modern Speculator Junior" freeware:
New Version Aug2007
Calculate warrant data in different currencies e.g. the underlying stock quoted in US$ and the warrant quoted in Euro.

Windows 3.x, Windows 95/98/ME/2000/NT/XP (16/32-Bit only). English/German/French.
A very compact freeware software. Self-extracting archive. Download the archive "msj.exe" and double-click on it. It will create a directory "C:\msj" and then it will copy all extracted files into it.
Programm ist selbst-entkomprimierendes Archiv. Doppelklicken Sie auf die downgeloadene Datei "msj.exe" und diese legt ein Verzeichnis "C:\msj" an und kopiert alle entkomprimierten Dateien dort hinein.

Download Modern Speculator Junior

A very compact freeware software for calculating options, warrants, bonds, futures and combinations. Scrolltables with projected data for all possible interest rates or underlying prices. Calculate bonds with accrued interest and adjusted yield, bond futures with conversion factor, options on bonds with implied interest volatility (instead of only the price volatility), caps, floors, collars, special stepped coupon bonds or various floating rate notes (including reverse and super floaters), putable or callable bonds, analyze or create complex derivatives. Run delta-neutral strategies. Design your own tailor - made synthetic securities like e.g. synthetic shares which can rise in price but not fall. What-if-when calculations, with scrolltables. An extreme example: you set up a combination of shares/stocks, options, warrants, futures and bonds, finance this 65% on credit, and you want to know what profit or loss this would give in 12 weeks, if until then interest rates fell by 1.2% and the implicit volatility of the options rose by 5. No problem: you can read the exact value for each underlying price from tables, all costs and incomes are taken into account. Volatility skew, comparison of options/warrants with what-if-when scenarios.

Ein Freeware-Programm zur Berechnung von Optionen oder Optionsscheinen, Futures, Anleihen und Kombinationen. Scrolltabellen mit hochgerechneten Werten fuer andere Zinssaetze oder andere Kurse. Anleihen mit Stueckzinsen und stueckzinskorrigierter Rendite, Anleihe - Futures mit Preisfaktor, Anleihe - Optionen mit impliziter Zinsvolatilitaet, Caps, Floors, Collars, spezielle Stufenzinsanleihen, diverse exotische Floaterkonstruktionen, kuendbare Anleihen, oder kombinieren Sie Optionen oder Optionsscheine auch mit Anleihen, Futures, Aktien, Konto oder Kredit etc. zu komplexen Derivaten wie z.B. kuenstlichen Aktien, die nur steigen aber nicht fallen koennen. Scrolltabellen zeigen die hochgerechneten Werte fuer jedes zukuenftige Datum, bei anderen Zinssaetzen, anderen impliziten Volatilitaeten oder anderem Underlying - Kurs. Delta-neutrale Techniken. Volatilitaets-Schiefe, Vergleich und Auswahl von Optionen mit was - waere - wenn Szenarios.



Links, Links, Links
Here are some sites with lots of links to pages dealing with bonds, options, futures, derivatives and similar stuff:

Futures and Options Resources on the Web. A list provided by the Office for Futures and Options Research (OFOR) at the University of Illinois. Includes links to nearly all exchanges in the world.

The Investment FAQ. A collection of articles about investments by Christopher Lott.

MoneyWorld UK Home Page

Wahoo! A list of sites for Futures Traders, by Gibbons Burke.

Warrant Investor Magazine: Data of German warrants, index trackers, etc..

WINGOLD: Free stuff for investors.

NumaWeb: The premier resource on the Internet for financial derivatives and includes the Derivatives bookshop for: books, data, software.

SPXTraders: SPX extreme price range analysis and movement probabilities critical to profitable option trading. Includes speculator suggestions and links of value to option traders.

XPRESSTRADE: The Internet-based futures brokerage firm.