Risk Eğitim

Kurum-İçi Eğitim Programları

F06. Exotic Options

IOverviewOptions
The themes of this product are:
Fundamentals of Options contracts
Knowledge of the concepts of Options
Pricing of both American and European Options
Mechanics of Option trading strategies by market participants
Course Level & Number of Courses
Basic & Intermediate Level
Library of 10 Courses
Instructional Method
Dynamic, Interactive e-learning
Recommended Background
Familiarity with basic financial concepts

Growth of internationalization has increased the use of derivative instruments in the financial markets. Financial Options have changed the face of finance by creating new ways to understand, measure, and manage risks. These should be considered part of any firm's risk-management strategy to ensure that value-enhancing investment opportunities are pursued. This product is targeted at those individuals needing to understand the positions that can be taken in option transactions. It is an excellent product for anyone involved in option transactions, as it is filled with ideas for graphically detailing the risk/ reward profile of various option positions. Analytical and numerical methods of option pricing have been dealt in detail.

OverviewOptions
The themes of this product are:
Fundamentals of Options contracts
Knowledge of the concepts of Options
Pricing of both American and European Options
Mechanics of Option trading strategies by market participants
Course Level & Number of Courses
Basic & Intermediate Level
Library of 10 Courses
Instructional Method
Dynamic, Interactive e-learning
Recommended Background
Familiarity with basic financial concepts

Options
Library of 10 Courses
Time taken to complete each Course: Two - Three hours
1. Options-Fundamentals
Objectives
Basics
Option Premium
Basic Options Positions
2. European Option Pricing
Objectives
Introduction
Single-period Binomial model
Multi-period Binomial model
Black-Scholes model
3. Options-The Greeks
Objectives
Introduction
Delta
Gamma
Theta
Vega
Rho

Options
Library of 10 Courses
4. Options-American Style
Objectives
The Option of Early Exercise
Black-Scholes Option Pricing model
Binomial Option Pricing model
5. Trading Strategies
Objectives
Introduction
Covered strategies
Spreads
Straddles
Butterflies
Strangles
Summary of strategies
6. Interest Rate Options
Objectives
Introduction
Pricing
Caps, Floors and Collars
Trading Strategies

Options
Library of 10 Courses
7. Currency Options
Objectives
Introduction
Types and Characteristics
Pricing
Uses of Currency Options
8. Swaptions
Objectives
Introduction
Swaption Variants
Pricing of Swaptions
Uses of Swaptions
9. Options on Futures
Objectives
Introduction
Quotations
Pricing
10. Exotic Options
Objectives
Introduction
Forward-Start Options
Compound Options
Chooser Options
Barrier Options
Look-back Options

Options
JOB AIDS
Measurement Tools
Disclosures
Regulations
Global Best Practices

Benchmarking Data
Calculators in Options
1. Historical volatility
2. Implied volatility
3. Risk-free rate of interest
4. Single-period Binomial Option pricing model
5. Multi-period Binomial Option pricing model
6. Multi-period Binomial Option pricing model –dividends
7. Unit Normal Cumulative Probabilities
8. Black-Scholes Option Pricing Model
9. Black-Scholes-Merton Option Pricing Model
10. Calculating Delta
11. Calculating Gamma
12. Calculating Rho
13. Calculating Theta
14. Calculating Vega
15. A Comprehensive Calculator for Option Pricing and also for Greeks
16. Bivariate Normal Cumulative Probabilities
17. Binomial Approximation with a continuous dividend yield
18. Binomial Approximation with a known dividend yield
19. Binomial Approximation with a known dollar dividend
20. Pseudo American call option pricing
21. Analytic approximation of American stock option prices
22. Chooser Options
23. Forward Start Options
24. Options on Futures
25. Options on LIBOR
26. Swaptions
27. Currency Options Calculator - Binomial Model