New Online Training Course - Options Strategies
Options Strategies is an online training course about how options contracts can be used to achieve objectives in both hedging and for-profit trading. After introducing some useful terminology, the course explores the features that make options valuable for hedging and trading. We discuss the disadvantages of simple options strategies, and how these can be overcome by using combinations of bought and sold options contracts to create options spread strategies. You will learn about collars, three-way collars and other common options spread strategies for hedging. We will explore the use of spreads in directional trading, and you will see how spreads like butterflies and condors can be used in volatility trading. You will also learn about costless hedging structures that provide partial participation in favorable price moves.
By the end of this course, you will be able to:
- Distinguish between the meaning of the terms directional, non-directional, bullish and bearish as they apply to options spreads
- Recognize the meaning and the implications of the terms debit and credit in options spreads
- Read a payoff diagram for an options spread and recognize its implications for either hedging or trading
- Identify how costless or zero-cost hedging strategies can be constructed
- Point out the balance of protection and participation afforded by an options hedging strategy
- Select the main reasons why hedgers may wish to use options spreads rather than simple long options positions
- Select the main reasons why traders may wish to use options spreads rather than simple long or short options positions
- Point out the difference between directional and volatility plays in options trading
- Recognize a simple collar, a three-way collar and other common options hedging strategies
- Recognize a straddle, a strangle and other common volatility trading spreads
- Recognize simple directional trading spreads such as a call spread
- Identify the concept of partial participation in hedging strategies
Will U.S. gas come to Europe? Faculty Member Malcolm Johnson Discusses with Bloomberg Business
Five Questions for Europe's Gloomy Natural Gas Market in 2016
As seen on Bloomberg Business
By: Kelly Gilblom, Anna Shiryaevskaya & Rob Verdonck
Will U.S. gas come to Europe?
Europe, with its accessible trading hubs and underused import infrastructure, may lure U.S. LNG, which has no restrictions on destination and would have to compete with pipeline supplies from Russia and Norway.
“Given the volumes of gas shipped to Europe, the marginal cost of additional Russian gas is low and they should be able to compete with U.S. LNG supplies,” said Malcolm Johnson, a Guildford, England-based faculty member of The Oxford Princeton Programme, an energy training provider. “However, it is clear that in certain countries there is a desire to diversify supplies for supply security.”
That desire to diversify away from Russian dependence has motivated countries such as Lithuania to sign supply agreements with U.S. exporters including Cheniere Energy Inc. U.S. LNG will probably be able to compete on European hubs this winter, Bloomberg New Energy Finance said earlier this month.
January 2016 - eNewsletters
The latest January 2016 editions of The Energy Education Pipeline eNewsletter are now available.
"The clean slate of the New Year often encourages us to make resolutions to better ourselves. The most popular resolution is undoubtedly to exercise more and eat better. Another popular resolution, and one I’ll be taking part in this year, is to read a bit more. You can help me stay on track of my resolution by tweeting me your book recommendations!
The final very popular resolution is to improve your job skills or advance in your career. Much like a trainer at the gym or the staff at your local bookstore, The Oxford Princeton Programme is your guide to reach your energy career resolutions...."
To view your local eNewsletter please choose one of the links below:
January 2016 -North American Edition
January 2016 - International Edition
January 2016 - Asia Pacific Edition
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New Online Training Course - Overview of the Gas Value Chain!
This course is an overview of the gas value chain, looking at the upstream, midstream and downstream sectors and activities. You will learn about the formation of natural gas, how it is transported and stored and how it is marketed. We will also look at how the value of natural gas is created and enhanced through exploration, drilling, storage and marketing.
By the end of this course, you will be able to:
- Recognize the main value creation steps in the natural gas industry and its trends
- Recognize the characteristics and qualities of natural gas
- Distinguish between the resources yielding natural gas
- Point out how transport and storage create value
- Distinguish between the different gas trading markets and the instruments used