Trading OTC Derivatives: Options & Linear Instruments

Trading OTC Derivatives: Options & Linear Instruments
Single User Price: $1,895.00


Are you in the energy industry or do you work in a related industry that relies on energy, i.e. financial trading. If so now is the time to expand the depth of your knowledge. This critical online program introduces many topics that are of special interest to the energy and energy related community. The program is filled with an extraordinary amount of valuable information for those who want to understand the economics of a refinery, how to interpret the economics, how to use them for operational decisions, hedging decision, as well as speculative decisions. A short listing of some of the things you will learn & be exposed to follows:
  • The technical tools and techniques at your disposal to trade and manage the ongoing volatility & the price impact of the various energy markets.
  • A view of the main elements of technical analysis used for trading discipline, quantifying and managing risk, and coordinating with fundamental analysis.
  • Using trend lines, Japanese Candlesticks, support and resistance and retracement levels.
  • How to analyze and use volume and open interest.

What You Will Learn

  • What OTC derivatives are and how these instruments are used in the energy industry.
  • When to use various linear and non-linear OTC derivatives.
  • How to price linear and non-linear OTC derivatives.
  • Weather derivatives.
  • Types of basis risk, how basis is calculated and how to decide if basis risk should be hedged.
  • What basis swaps are and when they should be used.
  • Optionality risk & the Greeks (delta, gamma, vega, theta & rho).
  • Historical & implied volatility (including volatility smiles).
  • Option pricing models.
  • Volumetric vs. delta hedging.
  • Directional, volatility and synthetic option spread strategies.
  • Option exercise styles.
  • Exotic options.
  • Forward curves, backwardation and contango markets.
  • Matching hedge strategy to price and volatility forecasts.
  • Extendable and cancelable swaps.
  • Swaptions.
  • Costless collars.
  • Bull call and Bear put spreads.
  • Financed & ratio spreads and backspreads.
  • Christmas trees.
  • Time spreads (Calendars and Jelly Rolls).
  • Spread, compound, average priced, one-touch, digital, swing, embedded swing and look-back options.
  • Double barriers and double barrier boxes.

Who Should Attend

This course is applicable to all levels of the energy infrastructure, oil, natural gas, electricity and coal. Individuals in every functional area of responsibility in all energy industries whose decisions have significant financial impact will benefit from this program. Managers from areas such as trading, risk management, compliance, human resources, credit, contracts, operations, marketing, sales, supply and distribution, purchasing, financial and accounting will find the course highly beneficial.

Class Details

Industry Segment
Natural Gas
Course Level
Intermediate to Advanced
CPE Credits
Competency Path
Natural Gas
Trading & Risk Management
Course Type
Course Times
Day 1: 8:00am–4:00pm
Day 2: 8:00am–4:00pm