Content:

• Futures Basics: Futures Product Specifications, Open Interest, Mark-to-Market Margining 
• Option Basics: Concept, Time Decay; Strike prices Basic Put-Call strategies
• Strategy: Futures: Stock and Index Futures, Basket - Pair Trading, Basis Trading
• Synthetics: Synthetic Call and Put strategies, Synthetic Futures Strategies
• Strategy: Spread Strategies; Exotic Strategies; Covered Call Strategies

• Pricing: Futures Pricing: Cost of Carry, Expectation Hypothesis, Fair Value Pricing,
  Option Pricing: How to leverage it for derivatives trading, Put-Call Parity, American and European Options Pricing, Dividend and non-Dividend Paying Stocks
• Arbitrage and Hedging: Futures - Futures and Cash - Futures; Options Arbitrage
  Hedging: Types of Risk: Basis Risk, Systematic and Unsystematic Risk Utilities of a Hedge for Mutual Funds Cross Hedging; Protective Put, Fencing Strategies, Portfolio Hedging Strategies, Tailing the Hedge - Case - Live Portfolio
• Strategy - Greeks: Delta Neutral strategies, Delta - Gamma neutrality, Delta v/s Time; Delta v/s Volatility; Gamma v/s Time and Volatility, Vega, Theta and Rho; Volatility Trading Strategies.
• Forecasting using Options and Futures: Put - Call Ratio; Volatility Forecasting
  Futures: Forecasting Strategies: Open Interest - Volume and Price Patterns, Volatility Index

·       Introducing Derivatives

·       Introducing Options

·       Indian market

·       International market

·       Moneyness of an option

·       Options Pricing â?? Intrinsic value and Time Value

·       Factors affecting the price of Option

·       Options pricing models

·       Volatility

·       Open Interest

·       Put-Call parity

·       Introduction to Greeks

·       Trading Strategies

o  Butterfly

o  Straddle

o  Strangle

o  Condors

·       Advance trading strategies

o  Gamma Scalping

o  Ratio trades

o  Calendar spread

·       Trading Greeks and their usage in risk management

·       OTHER Products (VIX ,Variance Swaps)

·       Cost benefit analysis of the portfolio ( Analysing Margin and Brokerage )

·       Lessons from the Past

TARGET AUDIENCE :

The program is intended for corporate treasury professionals, derivatives traders and market risk managers, back and middle-office finance professionals working in product control or quantitative risk assessment, and professionals working in the asset management industry who need to know how to price and risk manage derivative securities.