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Gavin Harper is a mathematician working right at the heart of genetics

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March 2010
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put option

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The dangers of trading derivatives have been well-known ever since they were catapulted into the public eye by the spectacular losses of Nick Leeson and Barings Bank. John Dickson explains what derivatives are, and how they can be both risky, and used to reduce risk.

Tags: derivative instrument : forward contract : arbitrage : hedging : option : call option : put option : premium : strike price