Exchanged Traded Options

Start Dates: TBC

Duration: 1 Day

Full Fee: €600

Network Members Fee: €350

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Programme overview

A one day workshop programme providing a broad overview of exchange traded options for those with limited experience of options.

Please contact info@ifsskillnet.ie for more information on course dates and course fees.

Learning outcomes:

This programme is delivered as a blended solution with Instructor-led training. The course is taught using highly engaging discussion sessions followed by case studies based on actual deals illustrating each of the above concepts.

  • Recap on futures and cash trading
  • Know how the main types of options
  • Know where exchange traded options are listed.
  • Understand how exchange traded options are margined

Who is the course for?

The programme is aimed at those working in the middle office or in operations groups needing to understand how exchange traded options are used and priced. It would also suit those outside financial services working in corporate treasury.

Course Content:

Online Pre-work

  • Options – An Introduction
  • Options – Introduction to Option Valuation

Workshop Overview

Welcome & Recap of online pre-work

  • Options types
  • Option payoffs
  • Exercise Styles

Understanding Option Value

  • Exercise: Probability distributions

Pricing Models

Option Greeks

Exercise: Sensitivity of the Greeks

Volatility

  • Overview
  • Volatility Surfaces

Currency Option Valuation in Excel

  • Garman-Kohlhagen Model and relation to BS and Merton
  • Valuing puts and calls
  • Calculating delta, gamma, vega and two rho’s
  • User-defined functions and spreadsheet modeling

Option Hedging

  • Short positions
  • Delta hedges
  • Index equivalent positions
  • Index hedges using delta and beta

Span Margin

Summary & Close

Trainer Profile:

Please contact info@ifsskillnet.ie for further information on training providers.