Clarkie Catalog

FIN5216

OPTIONS, FUTURES, DERIVATIVES

Also listed under 1 other title
  • COMPUTATIONAL FINANCE
Department
Finance
Terms offered
18
Data refreshed
Sep 29, 2026

Description

Modern-day finance is rife with computationally intensive problems and solutions from pricing derivative instruments to complex portfolio building using optimization techniques. This course supplies students with the intuitions for the underlying mathematical concepts behind common financial applications. Furthermore, students learn the skills to develop their own solutions to variant of these applications with emphasis put on the generalizability of the results reviewed. Starting with binomial models as a stepping-stone, this course discusses the main tools applied to derivative valuation and their extension to continuous time pricing. It also considers common numerical methods utilized in financial engineering such as Monte Carlo simulation. The course ends with a review of common optimization tools and their application to portfolio building under constraints. MSF students only.

Syllabi

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Offering history & forecast 2016–2026

2009
2026
Sections offered by academic year and season, with estimated offering chances for future years above the divider
YearFallSpringSummerIntersession
2030 2030 Fall: 38% chance, medium confidence. Offered in 6 of 7 fall terms since 2020. Department course count falling about 2% per year. Department faculty is about 21% below its recent average. 2030 Spring: 50% chance, medium confidence. Offered in 7 of 9 spring terms since 2018. Department course count falling about 5% per year. 2030 Summer: 7% chance, medium confidence. Offered in 0 of 9 summer terms since 2018. 2030 Intersession: 8% chance, medium confidence. Offered in 0 of 6 intersession terms since 2020.
2029 2029 Fall: 44% chance, medium confidence. Offered in 6 of 7 fall terms since 2020. Department faculty is about 20% below its recent average. 2029 Spring: 53% chance, medium confidence. Offered in 7 of 10 spring terms since 2017. Department course count falling about 3% per year. 2029 Summer: 6% chance, medium confidence. Offered in 0 of 10 summer terms since 2017. 2029 Intersession: 7% chance, medium confidence. Offered in 0 of 7 intersession terms since 2017.
2028 2028 Fall: 47% chance, medium confidence. Offered in 6 of 7 fall terms since 2020. Department faculty is about 22% below its recent average. 2028 Spring: 59% chance, medium confidence. Offered in 7 of 11 spring terms since 2016. 2028 Summer: 5% chance, medium confidence. Offered in 0 of 11 summer terms since 2016. 2028 Intersession: 7% chance, medium confidence. Offered in 0 of 7 intersession terms since 2017.
2027 2027 Fall: 50% chance, medium confidence. Offered in 6 of 7 fall terms since 2020. Department faculty is about 21% below its recent average. 2027 Spring: 67% chance, medium confidence. Offered in 7 of 12 spring terms since 2015. Department course count rising about 4% per year. 2027 Summer: 5% chance, high confidence. Offered in 0 of 12 summer terms since 2015. 2027 Intersession: 6% chance, medium confidence. Offered in 0 of 7 intersession terms since 2017.
2026 Not offered 1 section Not offered No data for this term
2025 1 section 1 section Not offered Not offered
2024 1 section 1 section Not offered Not offered
2023 1 section 1 section Not offered Not offered
2022 1 section 2 sections Not offered Not offered
2021 1 section 2 sections Not offered Not offered
2020 1 section 3 sections Not offered Not offered
2019 Not offered Not offered Not offered No data for this term
2018 Not offered Not offered Not offered No data for this term
2017 Not offered Not offered Not offered Not offered
2016 Not offered Not offered Not offered No data for this term
Forecast Under 15% 15–39% 40–69% 70–89% 90%+ Not enough history
Fall Spring Summer Intersession Darker means more sections Not offered No data for term

Future estimates combine recent offering frequency with detected multi-year cycles. Hover a cell for confidence and evidence; low-confidence estimates are marked with ~.

Meeting times

Most recent first
  • Mon, 9:00 AM–11:50 AM Carlson Hall CH120 2026
  • Mon, Fri, 10:25 AM–11:40 AM JC101 2025
  • Mon, Fri, 9:00 AM–10:15 AM Carlson Hall CH231 2025
  • Tue, Thu, 10:25 AM–11:40 AM ONLINE 2021
  • Mon, Wed, 10:25 AM–11:40 AM ONLINE 2020
  • Tue, 1:00 PM–4:00 PM Carlson Hall CH120 2013-22012-3
  • Wed, 9:00 AM–12:00 PM Carlson Hall CH231 2013-1
  • Mon, 1:00 PM–4:00 PM Carlson Hall CH128 2012-12011-1
2025–26 2 entries
Credit-bearing sections of FIN5216, 2025–26
TermProfessorTypeCreditsEnrollmentCRN
Spring 2026Fei FangSeminar/Proseminar1 20 of 30 enrolled30986
Fall 2025Fei FangSeminar/Proseminar1 12 of 30 enrolled20948
2024–25 2 entries
Credit-bearing sections of FIN5216, 2024–25
TermProfessorTypeCreditsEnrollmentCRN
Spring 2025Fei FangSeminar/Proseminar1 21 of 35 enrolled30986
Fall 2024Fei FangSeminar/Proseminar1 16 of 35 enrolled20948
2023–24 2 entries
Credit-bearing sections of FIN5216, 2023–24
TermProfessorTypeCreditsEnrollmentCRN
Spring 2024Fei FangSeminar/Proseminar1 13 of 35 enrolled30986
Fall 2023Hong ZhouSeminar/Proseminar1 8 of 35 enrolled20948
2022–23 2 entries
Credit-bearing sections of FIN5216, 2022–23
TermProfessorTypeCreditsEnrollmentCRN
Spring 2023Fei FangSeminar/Proseminar1 22 of 35 enrolled30986
Fall 2022Fei FangSeminar/Proseminar1 12 of 35 enrolled20948
2021–22 3 entries
Credit-bearing sections of FIN5216, 2021–22
TermProfessorTypeCreditsEnrollmentCRN
Spring 2022Fei FangSeminar/Proseminar1 18 of 35 enrolled30830
Spring 2022Fei FangSeminar/Proseminar1 33 of 35 enrolled30986
Fall 2021Fei FangSeminar/Proseminar1 17 of 35 enrolled27791
2020–21 3 entries
Credit-bearing sections of FIN5216, 2020–21
TermProfessorTypeCreditsEnrollmentCRN
Spring 2021Yue Gao (She/Her)Online1 32 of 35 enrolled37257
Spring 2021Fei FangOnline1 39 of 35 enrolled38013
Fall 2020Fei FangOnline1 41 of 40 enrolled27791
2019–20 3 entries
Credit-bearing sections of FIN5216, 2019–20
TermProfessorTypeCreditsEnrollmentCRN
Spring 2020Yue Gao (She/Her)Seminar/Proseminar1 33 of 35 enrolled33461
Spring 2020Yue Gao (She/Her)Seminar/Proseminar1 30 of 35 enrolled37257
Spring 2020Yue Gao (She/Her)Seminar/Proseminar1 33 of 35 enrolled38013
2012–13 3 entries
Credit-bearing sections of FIN5216, 2012–13
TermProfessorTypeCreditsEnrollmentCRN
Spring 2013Guillaume WeisangSeminar/Proseminar1 30 of 30 enrolled32537
Spring 2013Guillaume WeisangSeminar/Proseminar1 31 of 30 enrolled32540
Spring 2013Guillaume WeisangSeminar/Proseminar1 29 of 30 enrolled32533
2011–12 3 entries
Credit-bearing sections of FIN5216, 2011–12
TermProfessorTypeCreditsEnrollmentCRN
Spring 2012Shu FengSeminar/Proseminar1 29 of 29 enrolled31848
Spring 2012Shu FengSeminar/Proseminar1 32 of 32 enrolled31847
Spring 2012Shu FengSeminar/Proseminar1 30 of 30 enrolled31849
2010–11 4 entries
Credit-bearing sections of FIN5216, 2010–11
TermProfessorTypeCreditsEnrollmentCRN
Spring 2011Shu FengSeminar/Proseminar1 27 of 28 enrolled40873
Spring 2011Shu FengSeminar/Proseminar1 31 of 31 enrolled40458
Spring 2011Serguey KhovanskySeminar/Proseminar1 31 of 31 enrolled40460
Spring 2011Serguey KhovanskySeminar/Proseminar1 33 of 33 enrolled40459
2009–10 3 entries
Credit-bearing sections of FIN5216, 2009–10
TermProfessorTypeCreditsEnrollmentCRN
Spring 2010Shu FengSeminar/Proseminar1 37 of 37 enrolled37968
Spring 2010Serguey KhovanskySeminar/Proseminar1 34 of 34 enrolled37966
Spring 2010Shu FengSeminar/Proseminar1 33 of 33 enrolled37967
2008–09 2 entries
Credit-bearing sections of FIN5216, 2008–09
TermProfessorTypeCreditsEnrollmentCRN
Spring 2009Serguey KhovanskySeminar/Proseminar1 33 of 34 enrolled37032
Spring 2009Serguey KhovanskySeminar/Proseminar1 34 of 34 enrolled37035