Options I - Fundamentals of Energy Options (FOEO)
In the fast-paced world of futures and options, mistakes can be costly.
This course allows delegates to experience this fascinating and complex
field first hand. Long though a difficult topic, this course makes
options easy! 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.
Who Should Attend
Anyone who needs to learn the basics for the first time or sharpen
their skills on futures terminology and trading, from trade support
staff to senior management. This programme deals with many different
energy commodities, including oil, gas and electricity.
Pre-classroom Study
As part of our blended learning package,
this workshop has a specific web-based course which is recommended as
pre-classroom study. Upon registering for the workshop delegates will receive
details of how to access the web-based course. Access to the web-based course
is included in the price of the classroom course.
To optimize your classroom experience, it is recommended you take the
appropriate online study as close to the classroom date as possible.
The recommended pre-classroom study for this workshop is:
Options Always Die
What You Will Learn
- Characteristics and profit and loss profiles of calls and puts
- Characteristics and profit and loss profiles of "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