New York Institute of Finance


Self Paced Course

Available Now





7 Hours





Questions? We're here to help you

Please complete this form and a NYIF Career Advisor will assist you.

Please fill in the field.


Please complete this form and a NYIF Career Advisor will assist you.

Please fill in the field.


Please complete this form and a NYIF Career Advisor will assist you.

Please fill in the field.


Select preferred contact method

Schedule call

call center image


Please fill in the field.

Send us your questions

email image

Where Wall Street Goes to SchoolTM!

Please select a time and date from the calendar to book a 15-minute call with a NYIF Career Advisor.

You can also reach us on +1 347 842 2501 or marketing@nyif.com

Something went wrong, please try again later!



Building on the Derivative Instruments series, this intensive intermediate level series explores the different types of option products, including options on equities, indexes, futures, foreign exchange, and interest rates. It illustrates option combination trading strategies, including horizontal and vertical spreads and volatility plays. Participants explore the various factors that have an impact on option pricing, and learn how to apply the Binomial and Black-Scholes option pricing models. The series also demonstrates trading strategies and portfolio management techniques using the Greeks.

This curriculum is made up of the following modules:

Program Details (NASBA) View
Program Level Intermediate
Prerequisites Derivative Instruments or equivalent level of knowledge.
Advance Preparation No advance preparation required.
Recent Revision Date May 26, 2015
Instructional Delivery Method QAS Self Study
Field of Study Specialized Knowledge and Applications


Learn now pay later with

To make it even easier to learn, you can finance your program through Affirm.

Loans offered through Affirm are available in the U.S. and Canada.

  • Easy monthly payments

    Learn more

  • Flexible payments

    Pay your monthly bill using a bank transfer, check, or debit card.

Duration : 1 hour

  • Call and put options
  • Exchange-traded vs. over-the-counter (OTC) options
  • Call option valuation at expiration
  • Payoff and value profiles
  • Option valuation before expiration

Duration : 1 hour

  • Stock (or equity) options
  • Index options
  • Futures options
  • Options on interest bearing securities
  • Currency options
  • Interest rate options: caps, floors and collars

Duration : 1 hour

  • Horizontal and vertical spreads: bull and bear spreads
  • Portfolio strategies: protective puts and writing covered calls
  • Volatility plays: straddles and strangles

Duration : 1 hour

  • Putヨcall parity
  • Expected value model
  • Single- and multi-period binomial lattice models
  • Factors that determine the value of options

Duration : 2 hours

  • Mean and standard deviation
  • Historical vs. implied volatility
  • Probability distribution functions
  • Convergence of the Binomial Model with Black-Scholes
  • Black-Scholes model
  • American option pricing models

Duration : 1 hour

  • Introducing the Greeks
  • Delta
  • Impact of moneyness on Delta
  • Delta hedging
  • Gamma
  • impact of moneyness on Gamma
  • Theta
  • Vega
  • Rho and Psi