Options Workshop

Quorum Training Ltd.
London, United Kingdom

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' This course is designed for those who require a more in-depth knowledge of options. It will focus on the uses and applications of a range of option products and explain the various option sensitivities. It will be equally useful for bankers who make the products available and any organisation who uses these products to hedge risks.

Programme

INTRODUCTION TO THE OPTIONS MARKET

Market background
What is an option and how do they work?
Exchange traded vs OTC options
Definition and key features
Asymmetry of risk
Option writers vs option buyers
Credit risk
Premium vs non-premium
Liquidity
Hedging vs trading
Gearing
OPTION FUNDAMENTALS

Terminology ¨C American, European, expiry/value dates, exercise, strike prices, etc
Overview of pricing models
Intrinsic value, time value, fair value
Single vs multiple settlement
Understanding volatility
~ Standard deviation and (log) normal distributions
~ Historic volatility, future volatility and implied volatility
~ Volatility smiles and volatility surfaces
HEDGING WITH OPTIONS

Worked examples and case studies using
~ Currency options
~ Interest rate options including caps, collars and floors
~ Swaptions
~ Equity options
EXPIRY PROFILES

Long call
Long put
Short call
Short put

SIMPLE COMBINATIONS

Collars/risl reversals
Straddles
Strangles
Butterfly

SIMPLE EXOTIC STRUCTURES

Asian (average rate) options
Bermudan
Knock out/knock in structures
Digital pay-offs

OPTION SENSITIVITIES

Delta
Gamma
Theta
Vega
...''

Phone:+44 (0)20 7388 2044

School Address:

Quorum Training Ltd,
Tavistock House,
Tavistock Square,
London WC1H 9TW

Jobs & Resumes: London
Houses & Roommates: London

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