Options Markets I & II
Gain CPE: 14 Credits

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$1,879.00
$1,879.00$1,503.20-20
$1,879.00$1,503.20-20
group
In Person
update
2 Days
language
English
school
Introductory

Please select date...

$1,879.00
$1,879.00$1,503.20-20
$1,879.00$1,503.20-20
group
In Person
update
2 Days
language
English
school
Introductory

Please select date...

$1,879.00
$1,879.00$1,503.20-20
$1,879.00$1,503.20-20
group
In Person
update
2 Days
language
English
school
Introductory

Price as configured: $1,879.00

Options Markets I & II

Develop a comprehensive, practical understanding of options including market conventions, contract specifications, valuation, trading strategies and the regulation of markets.

This course is a component of the Derivatives Professional Certificate.

Prerequisite knowledge:

  • Intermediate MS Excel skills (use solver, etc.)
  • Basic probability
  • Basic calculus
  • Some knowledge of equity markets
  • Knowledge of fixed income basics
Curriculum
What You'll Learn
Who Should Take This
eventDay 1

Module 1: Contract Terms and Conditions

  • Option Terminology
  • Contract Terms, Payoff Profiles & Break-evens
Back to Top

Module 2: Inputs into Option Pricing Models

  • Asset price
  • Strike price
  • Time to expiration
  • Interest rates
  • Dividends
  • Volatility
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Module 3: Market Participants and Strategies

  • Unlevered portfolio managers: Buy write, put write
  • Speculators: Vertical spreads and earnings speculation
  • Earnings announcements speculation
Back to Top
eventDay 2

Module 1: Option Pricing

  • Probability: essential concepts
  • Normal and log-normal random variables
  • Pricing models: Binomial and Black-Scholes-Merton
Back to Top

Module 2: Risk Management

  • The Greeks: Delta, Gamma, Theta, Vega, Rho and Psi
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Module 3: Risk Arbitrage Trading Strategies

  • Calendar spreads
  • Yield curve spreads
  • Volatility trading
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Module 4: Hedge Accounting for Swaps and Options

  • Time decay
  • Hedge ineffectiveness
  • Cash flow hedges using interest rate swaps
  • Fair value hedges using options
Back to Top

    Desk-Ready Skills

  • Understand common trading strategies using options
  • Develop a conceptual understanding of the Black-Scholes-Merton option valuation model
  • Use option sensitivities (the Greeks) to determine the impact of changing model parameters on option prices
  • Understand basic hedge accounting using options

Recommended for:

Asset managers

fund managers
risk managers
treasury analysts
regulators
auditors
controllers and financial journalists.

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