Futures, Options & Derivatives

« Return to Course Schedule

Have you hedged too early? Have you applied the wrong tools for trading? Are you unaware of the myriad of instruments available for trading and hedging? Do you know the implications of each tool and technique? Have you ever wondered how global energy exchanges actually work. These are just a few of the questions that will be answered during this dynamic two-day course.

What You Will Learn

You'll leave this course with a practical yet rigorous understanding of what futures, options and derivatives are, how they work, how they are used, and how to measure the risks and rewards associated with them. Topics covered include:

  • The vocabulary of futures and options.
  • The what , why, how and who of futures markets.
  • The market participants.
  • The mathematics of futures and options premiums.
  • All about global energy exchanges. (ICE, CME NYMEX)
  • Difference and similarities of futures, options and derivatives.
  • Real-time trading and hedging examples for all products in the energy infrastructure using futures, options & derivatives.
  • Correlation and basis analysis.
  • EFP's and alternate delivery procedures.
  • Setting up a futures, options or derivatives account.
  • Types of exchange orders.
  • Margin.
  • Brokers.
  • Contract specifications.
  • Black - Scholes Model.
  • Spot & futures market relationships.
  • How option prices change when market conditions change.
  • The latest tools and techniques for risk managers.
  • Historical and implied volatility.
  • Option pricing relationships.

Who Should Attend

This course is applicable to all levels of the energy infrastructure including oil, natural gas, electricity and coal. Individuals whose decisions have significant financial impact will benefit from this program. Managers from areas such as marketing, sales, manufacturing, engineering, supply and distribution, trading risk management, purchasing & financial and accounting will all find the course highly beneficial.