Options IV - Exotic Options - EXO 

CPE Credits Awarded: 8
Categories: Trading, Derivatives, Hedging and Risk Management

Course Date Duration Venue Price Register by Date Register
Open date - Not scheduled. Please enquire.
EXO

5c003d5e591091d484ea3c6e8f6051f1150 150This one-day, non-technical workshop provides delegates with detailed working knowledge of the application and pricing of innovative risk management tools. The terms "Exotic" and "Advanced" are reduced to a common denominator such that the material is easy for delegates to comprehend. This is accomplished through comparisons with "plain vanilla" and other commonly used option spreads both in terms of pricing and payout. In addition, the course examines how dealers hedge their exposure in exotic options, valuation anomalies, delta hedge ratios of 1000% or higher and potential dealer manipulation issues. Finally, a case study is used to facilitate a better understanding and the proper use of these sometimes bewildering instruments.

Includes Online Pre-study Module
This course is accompanied by a preparatory course available online. Delegates will receive a web voucher as part of their joining instructions upon confirmation of registration. By taking advantage of this "blended" learning approach, in-class time and learning are optimized.

Prerequisites

Options I - Fundamentals of Energy Options, Energy Risk Management or equivalent experience.

 

Class delegates include everyone from trade support staff all the way up to senior management - anyone who is interested in the pricing and hedging of "exotic" over-the-counter options.

  • The history of exotic options and why they are gaining popularity in the energy market
  • Hedging with "swaptions"
  • Contingency planning with "Compound Options"
  • Hedging with "Average Price" options
  • Hedging with "Look Back" options
  • Hedging with "Digital" options
  • Hedging with "step Structure Digital" options
  • Hedging with "Contingent Premium" aka "Pay Later" options
  • Hedging with modified strike (high and low) digital "Contingent Premium" options
  • Hedging with "Barrier" options
  • Hedging with "Double Barrier" options
  • Hedging with "swing" options
  • Combining various exotic options to create "new" hedging structures
  • OTC pricing models - analytic models, numerical models, and Monte Carlo Simulation models discussed

Faculty

Course Director

Testimonials

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