Course Modules

• Option fundamentals
  The purpose of this module is to provide learners with the essentials of basic option theory and practice. Learners will develop an understanding of the language and terminology used in options markets, while appreciating how and why options are traded in the financial markets. Upon completion, learners will be able to both analyse and model option prices.
• Intermediate Option theory and trading strategy
  Learners will develop a more in-depth understanding of option theory and practice, including an ability to explain and interpret the key option sensitivities including delta and delta hedging. Learners will understand the nature and uses of vertical, horizontal and volatility option trading strategies, and also why underlying exposures may be hedge using option collars.
• Advanced option theory and practice
  Course participants will cultivate a high-level understanding of option theory and practice and an ability to interpret both volatility and volatility skew using financial trading tools. They will also learn how to discern the key secondary option sensitivities including gamma and gamma trading. Learners will understand the nature and uses of refinements of vertical, horizontal and volatility option trading strategies, while cultivating an awareness of the key principles and practice of option market making. Core principles of risk management of options positions and portfolios will also be explored in depth.