Attend this intensive and highly practical 3–day training course and learn the best practice techniques to:
- Analyse vanilla and exotic options
- Build option pricing and valuation models
- Gain practical experience of option risks and dynamic hedging
- Use options to express trading views
- Gain an understanding of how options can be used in directional and non-directional strategies
- Understand different hedging and trading applications
Plus: Enhance your practical skills with computer-based simulations and workshop case studies on option pricing, heading and risk management
Course objective and introduction
The objective of this three day programme is to give an all-round comprehensive general knowledge and understanding of the theory and the day-to-day use of Financial Options.
Delegates will learn how Financial Options are used by banks and corporate treasuries alike in the management of risks, for trading, hedging and arbitrage and their role in the day to day running of the finances of businesses. This course is intended to allow those who do not have advanced mathematical training to gain as clear and deep an understanding as possible into the intricacies of option pricing and theory.
Guidance on the underlying instruments on which these options are based (including bonds and relevant futures contracts) will be provided at the appropriate points in the programme.
Training method
The programme will use traditional and well tried techniques, lectures, worked examples and many realistic case studies showing in detail how the products are used and why. The programme is designed to show the products in a highly practical way, without over-complication, with clear illustrations of each so that participants may really understand them. Comprehensive product notes will be provided for future reference.
PC-based packages
During many of the practical sessions various computer software packages will be used, including Swan™, a sophisticated commercial package courtesy of Chapell & Co. This will allow participants to experience a real-life system.
Who should attend?
This course will be very useful for all those who seek to acquire a good level of knowledge and skill in the operation of options, how they are used and why.
In banks and financial institutions, new entrants to the business from university, corporate account officers needing to know sufficient detail to be able to communicate confidently with clients. Hedgers, traders, settlement, information technology and systems, legal, marketing, and credit personnel in the front, middle and back office.
For companies other than financial institutions, this course will provide those in the treasury function with a thorough practical grounding in options as used in the corporate environment. From individual dealers to those at director level who need to know about these important products.
It would help all participants if they have a basic working knowledge of spreadsheets. A qualification in statistics is not necessary.
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Graham Dudlyke
Graham Dudlyke is a highly experienced derivatives consultant who has held senior positions in a number of major financial institutions in London and New York. As Vice President of the Arbitrage Trading Group at Chemical Bank, Graham was responsible for management and marketing of interest rate option trading, managing a portfolio of interest rate caps, floors and swap options. As an Associate Director of Mitsubishi Finance, London, he gained considerable experience in trading portfolios of swaps and options, and in risk management and financial engineering, including structuring new issues of debt and creating structured assets.
As Manager of SE Banken's Global Derivatives Trading Group, he held overall responsibility for swaps, options and fixed income portfolio trading and risk management, new product development, and corporate and institutional marketing of structured debt products. Graham lectures internationally on all aspects of derivatives and fixed income and is highly respected for his practical market approach to product structuring and applications. Graham holds an MBA from Imperial College, London and an MA in Chemistry from Oxford University.
Interested in holding this course in-house? Please fill out your details and a member of our team will be in touch with more information.
This course has now expired please email us to find out when the course will next be running.