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Derivatives - CFA Smart Tips To Pass Your Level 1 Exam

Name: Derivatives - CFA Smart Tips To Pass Your Level 1 Exam
Rating: 3.0 (3 reviews)

Pricing & Valuing Derivatives Contracts, Swap & Futures Contracts, Long & Short Calls, Options, Puts, Parity & Strikes

Created byPeter Alkema, Jabran Ata, CFA, Jhan Burger

Last updated 6/2023

English

What you'll learn

Identify the key concepts and terminology related to derivatives.
Understand the basics of pricing a derivatives contract.
Apply the fundamental principles of valuing a derivatives contract.
Differentiate between forward contracts, futures contracts, and swap contracts.
Explain the purpose, features, and risks associated with forward contracts.
Analyze the applications and characteristics of swap contracts.
Assess the benefits and risks of using futures contracts in various scenarios.
Distinguish between long call options and short put options.
Calculate the strike rate, exercise price, spot rate, and premium of option contracts.
Evaluate the profit, loss, and breakeven scenarios for long call options.
Analyze the profit and loss diagrams for long call, short call, long put, and short put options.
Understand the factors that impact option pricing.
Apply the concepts of delta, gamma, theta, vega, and rho to analyze option values.
Explain the concept of Put-Call Parity and its practical implications.
Differentiate between protective puts, fiduciary calls, and synthetic options.
Assess the suitability of various options strategies in different market conditions.
Recall the background and significance of the CFA designation.
Understand the requirements and process for becoming a CFA candidate.
Evaluate the value of pursuing the CFA designation for career advancement.
Discuss the career options available for CFA charterholders.
Analyze the unique challenges faced by engineers and accountants in the CFA program.
Apply mnemonic techniques and tips to enhance exam preparation and retention.
Discuss the importance of work-life balance in CFA exam success.
Determine the pass rate required for obtaining CFA Level 1 certification.
Recognize the importance of community support and online resources in CFA preparation.
Assess the applicability of the CFA program in pursuing a career in finance.
Analyze the true cost, in terms of time and dedication, of pursuing the CFA designation.
Understand the relationship between CFA exams and post-graduate education.
Demonstrate an understanding of career opportunities in the wholesale finance industry.
Apply critical thinking skills to analyze industry insights and apply them to real-world scenarios.

Course content

10 sections • 43 lectures • 4h 55m total length

Introduction4:25
In this lesson we explain more about CFA and the specific topic lessons you will get in this course. Remember to introduce yourself and tell us your goals, plus take advantage of the community, worksheets, downloads and much more! We wish you well in your CFA journey.
Jhan Burger (CFA) Introduces Himself: I've Taught CFA Students For 20 Years1:14
In this lesson, Jhan introduces himself as a highly experienced CFA expert and trainer, who has taught at the world's top investment banks and asset managers like BlackRock, Fidelity, Goldman Sachs, JP Morgan, Aberdeen Standard and PIMCO. Now he is here in this course to help you pass your CFA exam; so find out more about who he is and how he can help you. In other sections of this course there are snippets from live interviews with Jhan where he talks more about his brand, what he offers as well as the CFA exams.
Download The CFA Workbook With All The Key Takeaways In This Course3:21
In this lesson, we explain the worksheets and workbook that you get with this course. You will also be able to download the workbook from the resources section of this lesson.
Introduce Yourself To Your Fellow Students And Tell Everyone What Are Your Goals0:17
This is your opportunity to share something about yourself with the rest of the students in this course. Tell us all about your goals and what you want to achieve. You can come back to this board and add more thoughts as you go through the course and achieve your goals. Seeing all the other students in the course will also motivate you and keep you going as you participate in this community of learning.
CFA Student Recommendations From Jhan's LinkedIn Page19:02
In this lesson, I show you a number of recommendations from Jhan's LinkedIn page where he has received very positive recommendations from CFA students who have experienced his training. Many of them credit Jhan with helping them get through CFA but also highlight his humorous and memorable teaching style as well as his dedication to students. A very common theme in these recommendations is that Jhan is clearly able to take complex topics, break them down for you and teach them in a way that you remember them on exam day and beyond!
Let's Celebrate Your Progress In This Course: 25% > 50% > 75% > 100%!!1:20
Throughout this course we will celebrate your progress at 25%, 50%, 75% and 100%. I really want you to succeed but you need to take action and keep going so look forward to these milestones of progress. I will see you there and cheer you on as you keep going from one milestone to the next >>

How to know if this will work for me?0:33
This training is extremely different from the other programs and has been battle tested by thousands of CFA Candidates.
When is the right time to take this course?0:39
No matter where you stand in your preparation this program is powerful and will give you the confidence and the elements you are missing.
I don't have financial knowledge, will this be helpful for me?0:34
The program has been designed to make complicated concepts easy. It is especially intended for those who have difficulties going through the material alone.
How is this different from other CFA providers like Wiley & Meldrum?0:27
Whatever the material you like and picked for your preparation, this program will help you take the most out of your investment and time spent actually studying.
Many CFA candidates pass the exam by themselves, why do I need this course?0:43
Investing in this training is like getting a personal one-on-one helicopter ride to the top of the mountain. You don't have to climb it yourself.

Introduction to Derivatives4:59
Welcome to the Wonderful World of Derivatives. It constitutes 5-8% of the CFA Level 1 Exam. As Jhan puts it, Derivative contracts are primitive and the first derivative contract was executed thousands of years ago. Watch this lecture to understand the basics of Derivative Contracts.
Basics of Pricing a Derivatives Contract7:34
Jhan explains the basic concept of pricing a derivatives contract in this video lesson. Watch this video lesson to understand the meaning of spot price, risk-free rate, future price, cost, and benefits of holding the underlying asset.
Basics of Valuing a Derivatives Contract8:06
Learn the basic concept of valuing a Derivatives Contract
Understand the difference between Pricing and Valuing a Derivatives Contract
Every Derivatives Contract will have a ZERO value at the time of initiation.
You've Achieved 25% >> Let's Celebrate Your Progress And Keep Going To 50% >>0:24
Throughout this course we will celebrate your progress at 25%, 50%, 75% and 100%. I really want you to succeed but you need to take action and keep going so look forward to these milestones of progress. I will see you there and cheer you on as you keep going from one milestone to the next >>

Forward Contracts: Understanding the Basic Concepts9:22
Watch this video lesson to understand the basic concepts related to Forward Contracts, including:
Long Position
Short Position
Over-The-Counter Instruments
Counter Party Risk
NDF (Non-Deliverable Forward) Contracts
Example of Valuing a Forward Contract
Swap Contracts: Understanding the Basic Concepts4:46
After completing this lecture, you will be able to understand:
Basics of a Swap Contract
Similarities between Forward and Swap Contracts.
Interest Rate Swap
Future Contracts: Understanding the Basic Concepts7:31
Watch this lecture to understand:
The Basics of Future Contracts
Differences between Forward and Future Contracts
Similarities between Forward and Future Contracts

Option Contracts: Understanding the Basic Concepts7:07
Watch this lecture to understand the difference between forward commitment (forwards, futures, swaps) and contingent claim (options).
Call and Put Options: Strike Rate, Exercise Price, Spot Rate, Premium9:00
Understand:
The fourth type of Derivative Contract: Options
Call Options
Put Options
Strike Rate, Exercise Price, Spot Rate
Moneyness of a Call & Put Option
Call Option: Profit, Loss, and Breakeven with Diagram6:55
One of the most important concepts for the CFA Level 1 Exam. Highly Testable Material. Learn about Long Call Options:
Maximum Profit Potential
Maximum Loss
Breakeven
Profit and Loss Diagram
Profit and Loss Diagram for Long Call, Short Call, Long Put, and Short Put8:29
Jhan share's a very interesting method of memorizing the different shapes of profit and loss diagrams for the following types of options:
Long Call
Short Call
Long Put
Short Put

Giving preview on last lesson and discussing what impacts option on pricing5:19
Greeks: Factors that Determine the Value of an Option8:43
Another very important topic for the CFA Level 1 Exam. High probability of being tested in the exam. Watch this video lesson to understand the Greeks; Factors that determine the value or the premium of an option for example theta (time to expiration), vega (volatility), and rho (risk-free rate).
You've Achieved 50% >> Let's Celebrate Your Progress And Keep Going To 75% >>0:29
Throughout this course we will celebrate your progress at 25%, 50%, 75% and 100%. I really want you to succeed but you need to take action and keep going so look forward to these milestones of progress. I will see you there and cheer you on as you keep going from one milestone to the next >>

Jhan background, what is CFA (gold standard), who does it and why you do it?6:44
In this introduction to the webinar interview, Jhan explains his background as a CFA trainer. He explains what the CFA is, as well as other, similar qualifications that people consider. Jhan calls CFA the "gold standard" in the finance industry, especially with the top firms at which he has been spending many years training employees.
Advice for getting into CFA, succeeding and what's the true cost? (hint: time)4:29
Jhan gives advice for people thinking about getting into CFA and he emphasizes the investment in time that it will require. He compares CFA to the other qualifications which are more expensive but require less time and are less well known. Jhan talks about the number of hours required and the different levels of the CFA.
How does post-grad CFA fit in with university and advice for exam preparation?4:28
An audience member asks about how university finance degrees fit with the CFA curriculum. Jhan explains that he does a lot of work with universities and although CFA is a post graduate qualification, often universities will give students time and support towards their CFA exams. Another student asked what advice Jhan would give to be prepared for their Level 1 exam in a few months time.
Jhan explains his unique style: stories, mnemonics, tips, tricks, no Powerpoint!5:25
Peter asks Jhan about his unique teaching style for CFA and why he started recording all his teaching lessons. Jhan talks about how he had a non-financial background and has developed very interesting and memorable ways of teaching, precisely because he had to work it all out for himself. His lessons focus on a way of of learning rather than adding to the high volume of material that CFA students already have to deal with.
Would the CFA be useful in pursuing a career in financial income?2:19
An audience member with a BCom in Financial Management asks if CFA would be useful in pursuing a career in financial crime. Jhan explains that CFA has such huge credibility in the industry and it's the world's largest and most recognised financial literacy qualification which would definitely prepare a student for many financial careers.
Career options for CFA? It's your gold plated passport to wholesale finance4:29
Jhan answers a question and provides the career options for CFA; wholesale finance, portfolio analysts and roles on the "buy side". He emphasizes that any financial centre such as London, New York or Shanghai will recognise the CFA "passport".
You've Achieved 75% >> Let's Celebrate Your Progress And Keep Going To 100% >>0:31
Throughout this course we will celebrate your progress at 25%, 50%, 75% and 100%. I really want you to succeed but you need to take action and keep going so look forward to these milestones of progress. I will see you there and cheer you on as you keep going from one milestone to the next >>
Popularity of engineers in CFA? Complexity of accountancy? Its the hardest part.4:06
An engineer asks about how complex the accountancy is in the exam and how long it would take to cover that aspect of the exam. Jhan explains that there are many engineers who have done CFA and that engineering is also an analytical career, just like CFA. Jhan doesn't teach in the traditional accountancy format, like a book keeper, he uses real life examples and helps people make sense of the economic realities of investment decisions.
Jhan makes accountancy enjoyable! Would you recommend CFA over finance honours?4:10
Peter talks about how he found Jhan's accountancy lecture to be very authentic, which uses the "ALE" mnemonic (Assets = Liabilities + Equity). An audience member asks whether Jhan would recommend a CFA over finance honours. Watch to find out Jhan's answer.
How are you helping CFA candidates? Community, support & online courses.5:04
Peter quizzes Jhan on the support that he plans to provide students. Jhan explained:
(1) It's all about community, which is available in the CFA Secrets Facebook group and how people will be able get more help and also help each other.
(2) Support and access to experts through the group and online courses which will be rolled out in the coming months to give CFA students the topic based teaching they need.
Jhan explains how his courses are not "cover to cover" but rather focus on the critical areas that will ensure you pass.
I failed CFA can you help me? Work / life balance for passing? Jhan's pass rate?4:32
An audience member explains that he failed the CFA Level 1 5 years ago and Peter asks Jhan if he can help this person. Jhan gives the data on the very low pass rates for CFA but is very proud of his own student pass rates which is very high in the industry. Peter mentions the endorsements that Jhan has on his LinkedIn page which are an indication of the credibility that Jhan has in the industry. Jhan offers everyone to connect with him on LinkedIn.
Must I pass all 3 CFA levels for getting a job? All levels are gold standard5:07
Jhan explains the options after passing each of the levels of CFA. Tracey Ashington joined the webinar interview; she is a graduate recruiter for large international banks and explained that CFA is always the most reliable finance qualification that banks look for.
How many levels are there in CFA? First right answer in the chat gets a laptop!8:51
Peter and Tracey announce the winner of the laptop and there was a big surprise: another laptop had become available so Tracey was able to give another one away, based on the rules of the competition. Then Jhan gives a laptop away to the first person who was able to answer the question about how many levels there are in CFA.

Full webinar and Q&A with Jhan Burger explaining careers, exams & his teaching59:50
In this one hour interview, Peter and Jhan talk extensively about CFA teaching, careers, his teaching techniques and Jhan answers a number of questions from the audience. Learn more about CFA from one of the most respected CFA trainers in the industry and find out more about the teaching content, community and support he is making available to help even more people achieve CFA success. You will also see an audience member win a laptop by answering a question in the webinar.

CFA Exams 2022 Countdown With Jhan Burger: Are you ready? Need tips to pass?41:30
The CFA exams are 6 weeks away and we are here to help. Jhan Burger is one of the industry's leading CFA instructors with satisfied students all around the world. Make sure you have the right plan to pass, join us in this webinar and get the best advice and support for your success!
You've Achieved 100% >> Let's Celebrate! Remember To Share Your Certificate!!1:04
Throughout this course we will celebrate your progress at 25%, 50%, 75% and 100%. I really want you to succeed but you need to take action and keep going so look forward to these milestones of progress. I will see you there and cheer you on as you keep going from one milestone to the next >>

Requirements

There are no requirements or prerequisites for this course, but the items listed below are a guide to useful background knowledge which will increase the value and benefits of this course.
Basic familiarity with financial markets and instruments, such as stocks, bonds, and options, will provide a foundation for understanding derivatives concepts.
A basic understanding of mathematics, including concepts like percentages, ratios, and basic algebra, will help in comprehending the pricing and valuation methods discussed in the course.
Access to a computer or device with a stable internet connection to access the online course materials, video lectures, and interactive exercises.

Description

Are you preparing for the challenging CFA Level 1 exam and looking for expert guidance to ensure your success? Look no further! Join experienced instructor Jhan Burger, a seasoned finance professional with over 20 years of industry experience, on an engaging and comprehensive journey through the world of derivatives.

In this course, you will gain the necessary knowledge and skills to master derivatives and ace your CFA Level 1 exam. Jhan's passion for the subject and his unique teaching approach, which combines stories, mnemonics, tips, tricks, and a PowerPoint-free environment, will make your learning experience enjoyable and effective.

Why are mastering derivatives essential in today's financial landscape? Derivatives are a vital component of modern finance, allowing individuals and institutions to manage risk, speculate on market movements, and create innovative investment strategies. Understanding derivatives is not only a requirement for the CFA exam but also a valuable skill for aspiring finance professionals seeking lucrative career opportunities.

Let's embark on the learning journey together. Throughout this course, you will explore the fundamental concepts of derivatives, starting with an introduction to their pricing and valuation. You will gain a solid understanding of forward contracts, swap contracts, and future contracts, distinguishing the nuances between them.

Delving deeper, you will demystify the world of options contracts, learning about call-and-put options, strike rates, exercise prices, spot rates, and premiums. Through comprehensive explanations and visual aids like profit and loss diagrams, you will grasp the intricacies of long calls and short puts.

But that's not all! The course goes beyond the basics, delving into the factors that impact option pricing. You will uncover the secrets behind the Greeks, including delta, gamma, theta, and vega, and discover how they influence the value of options.

One of the highlights of this course is an easy-to-follow technique for memorizing Put-Call Parity, a concept that often confuses candidates. You will also explore advanced topics such as protective put, fiduciary call, and synthetic options, gaining a well-rounded understanding of derivatives.

To further enhance your learning experience, this course offers a full workbook. Each lesson includes a one-page worksheet, enabling you to reinforce your understanding and track your progress.

But what sets this course apart from others? Jhan Burger's extensive industry experience, combined with his passion for teaching, ensures that you receive top-notch instruction tailored specifically to the CFA Level 1 exam. His expertise, empathy, and ability to connect with learners will instill confidence and propel you toward success.

Don't miss out on this opportunity to gain a competitive edge in your CFA Level 1 exam preparation. Enroll in "Derivatives - CFA Smart Tips To Pass Your Level 1 Exam" today and unlock the secrets of derivatives in a way that no other course can offer.

Remember, it's not just about passing the exam; it's about developing a strong foundation in derivatives that will serve you throughout your finance career. Enroll now and embark on a transformative learning journey with Jhan Burger.

Who this course is for:

Individuals who are preparing for the CFA Level 1 exam.
Undergraduate or postgraduate students studying finance or related fields can benefit from this course.
Professionals working in the finance industry, such as investment analysts, portfolio managers, or risk managers, who want to enhance their understanding of derivatives can find value in this course.
Individuals who are considering a career switch into finance and investment.
Those who prefer self-directed learning and are motivated to study independently.
Individuals with a general interest in finance and investment who want to expand their knowledge and understanding of derivatives.

Derivatives - CFA Smart Tips To Pass Your Level 1 Exam

What you'll learn

Explore related topics

Course content

Introduction6 lectures • 30min

[Optional] Frequently Asked Questions About Jhan's CFA Online Courses5 lectures • 3min

Derivatives - the basics of pricing and valuation4 lectures • 21min

What's the difference between Forwards, Futures, and Swaps?3 lectures • 22min

Long Calls vs. Short Puts - Know the difference!4 lectures • 32min

Understanding the Greeks! What impacts option pricing and why.3 lectures • 15min

A super easy way to memorise Put-Call Parity2 lectures • 12min

[Optional] Interview Insights Q&A With Jhan Burger (CFA), Additional Tips On CFA13 lectures • 1hr

[Optional] Full Length Interview: Jhan Burger Q&A, Insights CFA Exams, Industry1 lecture • 1hr

CFA Exams 2022 Countdown With Jhan Burger: Are you ready? Need tips to pass?2 lectures • 43min

Requirements

Description

Who this course is for: