Options Introduction

Pricing

Cost for BPP PD Members: £490 + VAT 6 CPD Hours
(£615.00 + VAT for non BPP PD Members Click Here for details of our membership scheme).

Course level

Intermediate

Delegates

This course will be of benefit to all market participants. Additionally, client-facing staff will gain extra marketing skills from such product knowledge, and support staff in operations and IT will be better able to interpret the relevance of their work. Treasury personnel from end-user companies will also find this course invaluable.

Overview

This one-day course is designed to follow on from the one-day ‘Derivatives - Introduction’ course. It assumes a basic understanding of options and aims to develop a more in depth understanding of the features of options, how they are valued and their sensitivities. It also demonstrates the applications of options for both speculators and hedgers. Working option valuation and risk management models are used throughout to demonstrate, in particular, how the ‘greeks’ can be used to manage portfolios.

Learning outcomes include obtaining a greater understanding of:

  • Overview
    • Rights and obligations
    • Context with other markets, OTC and exchange
  • "Vanilla" Options
    • Structure and methodology
    • Risk/reward characteristics
    • Building blocks approach
  • OTC Markets
    • Products
      • Caps
      • Collars
      • Floors
      • Asian Options
      • Convertibles and Warrants
    • Trading
    • Settlement
  • Pricing
    • Options models explained
    • An introduction to option pricing models
    • Delta
    • Gamma
    • Theta
    • Vega
  • From Delta to Gamma
    • Gamma trading
    • Trading options for profit
  • Option Strategies
    • Directional volatility
    • Speculating
    • Hedging
    • Arbitrage

"A CPD certificate of completion will be provided by BPP Professional Education Limited upon request, following attendance."


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