Options II - Option Pricing and Applications (OPA)
Options are a growing part of energy hedging and speculating, and
understanding how they work allows any trader to make better choices
in using them. Once you’ve mastered the basics through our
Fundamentals of Energy Options
course, you can learn how to take advantage of fast-changing markets
to get the most out of your option positions with this course, which
takes your skills to a higher level. This full day workshop not only
extends your understanding of option dynamics, but also allows you to
practice these skills through our unique trading simulation.
Who Should Attend
This programme deals with many different energy commodities. Delegates
include everyone from trade support staff to senior management.
Prerequisites:
Princeton Energy Programme’s
Options I - Fundamentals of Energy Options
or equivalent experience.
Not sure if you have the appropriate experience?
Click here to test
yourself on futures and options knowledge necessary for this course.
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:
Hedging with Futures and Options
What You Will Learn
- The impact of option deltas on profits and losses
- How option gamma affects your price exposure
- The benefits and costs of time decay
- How market volatility affects options
- Option hedging techniques, such as delta hedging
- How to combine options to create other options, and why it works
- Important characteristics of extrinsic (time) value
- Different ways to calculate option values
- Exercise styles and what impact they have
- Options on price spreads
- What the pricing models don’t measure
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