Course Summary

This course allows delegates to experience this fascinating and complex field first hand. Long thought as a difficult topic, options are broken down so they are fully understood. This full day workshop covers everything from premium valuation to advanced trading strategies on exchange traded options, specifically those related to energy commodities including oil, gas and electricity. You will gain even more valuable insights through our unique trading simulation and comprehensive review at the end of the day.

8 CPE credits awarded for this course.

Delivery Method: Group-Live

Who Should Attend?

Class delegates include everyone from trade support staff all the way up to senior management - anyone who needs to learn the basics for the first time or sharpen their skills on futures terminology and trading. This programme deals with many different energy commodities, including oil, gas and electricity.

Prerequisites

Princeton Energy Programme’s Fundamentals of Energy Futures or a thorough understanding of exchange traded futures contracts.

Includes Web-based Pre-study Module

This course is accompanied by a preparatory course available online. Delegates will receive a web voucher as part of their joining instructions upon confirmation of registration. By taking advantage of this 'blended' learning approach, in-class time and learning are optimized.

Course Contents

• Characteristics and profit and loss profiles of calls and puts
• The 'anatomy' of an option
• Being an option 'holder' vs being an option 'writer'
• Exercise and assignment
• The different styles of options - American and European
• Calculating intrinsic and extrinsic value
• Discuss the variables affecting the Black-Scholes options pricing model
• The importance of volatility - both historical and implied
• Using bear and bull fences
• The behavioral characteristics of premiums
• The 'Wasting Asset Theory'
• The meaning of delta, gamma, vega and theta
• Included in the manual and covered if time permits: Characteristics of straddles with profit and loss profiles

The following course(s) are available..

Date / No of days	Location	Fee: Course only	Fee: + accommodation	Code
20 January 2010 (1)	London, UK	GBP£720 + 17.5% VAT	- n/a -	FOEO\AGBR10
23 February 2010 (1)	Houston, TX	USD$980	- n/a -	#FOEO022310
23 March 2010 (1)	Calgary, AB	USD$980 +5% GST	- n/a -	#FOEO032310
14 April 2010 (1)	London, UK	GBP£720 + 17.5% VAT	- n/a -	FOEO\BGBR10
22 June 2010 (1)	Rome, Italy	GBP£720	- n/a -	FOEO\AITA10
20 July 2010 (1)	Houston, TX	USD$980	- n/a -	#FOEO072010
17 August 2010 (1)	Cape Town, South Africa	GBP£720	- n/a -	FOEO\ARSA10
24 August 2010 (1)	Calgary, AB	USD$980 +5% GST	- n/a -	#FOEO082410
19 October 2010 (1)	Las Vegas, NV	USD$980	- n/a -	#FOEO101910
9 November 2010 (1)	Zug, Switzerland	GBP£720	- n/a -	FOEO\ACHE10
16 November 2010 (1)	London, UK	GBP£720 + 17.5% VAT	- n/a -	FOEO\CGBR10
23 November 2010 (1)	Melbourne, Australia	USD$1425	- n/a -	FOEO\AAUS10
6 December 2010 (1)	New York, NY	USD$980	- n/a -	#FOEO120610