| Course Title |
|
Options (Advanced Concepts) |
| Course Category |
|
Online |
| Target Audience |
|
This course is designed for individual investor who wishes to gain a broader understanding of the strategic uses of the options markets. |
| Continuing Education |
|
Professional Development:
CA, CGA, CMA, IDA
MX CE (7)
IQPF 04-06-0030 (7 credits - Level 2)
CSF 04-06-50030 (7 credits)
ADVOCIS #CE-8508 (7) |
| Prerequistes |
|
Derivatives : Basic Concepts Series /
Courses 1, 2 and 3
or
Participants must be familiar with the following derivative basic concepts :
basic characteristics of derivative contracts
pricing techniques of derivative contracts
rudimentary uses of derivative contracts
basic trading strategies using derivative contracts
|
| Objectives |
|
Upon completion of this course, participants will be able to use the two main option pricing models, i.e., the binominal option pricing model and the Black-Scholes option pricing model, to determine the value of an option. They will also understand the importance of the ''Greeks'' in selecting specific options for various option strategies, as well as how the ''Greeks'' and the option pricing variables change through time.
|
| Subject by level |
|
|
| Topics |
|
Introduction
Pricing Options - Introduction to pricing - Option pricing intuition - Binominal option pricing model . One-step tree . Two-step tree . Extension of the binomal pricing model - Black-Scholes option pricing model . A short history . The formula . Limitations of the Black-Scholes options pricing formula . Volatility : Historical versus implied
The ''Greeks'' - Introduction - Delta - Delta as rate of change in option prices - Delta as a hedge ratio - Gamma - Gamma as a rate of change in delta - Uses for gamma - Vega - Theta - Rho - Putting it all together
Conclusion |
| Duration |
|
This online course is equivalent to an in-class course with a duration of 7 hours. Online courses are self-paced, and the time necessary to complete each course will vary with each student |
| Time to comple the course |
|
Six months (user account can be deactivated after this period) |
| Date |
|
Available now |