Introduction to Futures & Options

An introduction to derivatives, demonstrating their common features & how they differ from other financial instruments.
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385 students enrolled
Instructed by Paul Siegel Business / Finance
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  • Lectures 27
  • Length 4.5 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
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    Available on iOS and Android
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About This Course

Published 3/2014 English

Course Description

This course will introduce derivatives in general, to demonstrate the common features of derivatives and how they differ from other sorts of financial instruments. The course will then segue into a detailed discussion - first on Futures contracts and then ultimately on Options contracts. Key characteristics will be identified, and contract features, pricing, applications, risk management, and hedging will be discussed.

This course is composed of 27 lectures within 6 sections:

  • Introduction to Derivatives
  • Introduction to Futures Contracts
  • Futures Contracts Trading and Cash Flows
  • Futures Pricing
  • Introduction to Options
  • Option Pricing and Applications

What are the requirements?

  • Knowledge of the English language.
  • Participants are expected to have basic math knowledge coming into this course.
  • A financial calculator is recommended to get the most out of this course.

What am I going to get from this course?

  • You'll learn a general overview of derivatives
  • You'll be able to define what derivatives are and differentiate between different types
  • You'll learn the features of futures contracts, as well as trading and cash flows
  • You'll learn the fundamentals of options, their contract features, and pricing basics
  • You'll learn about futures contract pricing

What is the target audience?

  • All levels of participants are encouraged to take this course.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction to Derivatives
10:44

Instructor Doug Carroll introduces the course, and discusses types of derivative contracts and their characteristics.

09:16

Instructor Doug Carroll discusses and compares derivatives to securities.

09:37

Instructor Doug Carroll defines derivatives.

Section 2: Introduction to Futures Contracts
09:17

Instructor Doug Carroll discusses futures terminology and contract features.

09:10

Instructor Doug Carroll discusses physical delivery to close a futures position.

11:59

Instructor Doug Carroll discusses cash settlement and OTC derivatives.

10:32

Instructor Doug Carroll discusses the futures clearinghouse and third party contracts.

11:09

Instructor Doug Carroll discusses futures margins and contracts.

Section 3: Futures Contracts Trading and Cash Flows
11:07

Instructor Doug Carroll discusses clearinghouse and futures trades.

10:11

Instructor Doug Carroll compares futures versus underlying positions.

10:16

Instructor Doug Carroll discusses futures position cash flows and hedging with futures.

09:39

Instructor Doug Carroll discusses futures positions, focusing on risk and the cost taking position.

Section 4: Futures Pricing
11:01

Instructor Doug Carroll discusses the cost of carry/carrying charges.

17:23

Instructor Doug Carroll discusses the cost of carry pricing and the forward pricing curve.

Section 5: Introduction to Options
07:33

Instructor Doug Carroll discusses option fundamentals, concetrating on contract features and terminology.

08:55

Instructor Doug Carroll analyzes an option contract example of long call positions.

11:59

Instructor Doug Carroll discusses the basics of option pricing.

12:06

Instructor Doug Carroll discusses time value, intrisic value and moniness.

09:04

Instructor Doug Carroll discusses short option positions.

13:32

Instructor Doug Carroll discusses investment charicteristic of options.

08:04

Instructor Doug Carroll provides an overview of long put, short call and short put positions.

Section 6: Option Pricing and Applications
08:38

Instructor Doug Carroll discusses option pricing and sensitivities (the option "Greeks").

08:21

Instructor Doug Carroll discusses option deltas.

07:52

Instructor Doug Carroll discusses delta hedging.

09:19

Instructor Doug Carroll provides an example of delta natural hedging.

09:41

Instructor Doug Carroll discusses Black-Scholes and option volatility (vega).

11:09

Instructor Doug Carroll discusses implied volatility and volatility trading, and concludes the course.

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Instructor Biography

Paul Siegel, Education you can bank on

We deliver superlative, hands-on and practical corporate and investment banking education that you can use immediately in your job, or that next great job you are looking to start. We focus on making complex subjects readily understandable and usable. If you want to take a great leap forward in your finance career, we are here to make that happen.

Our instructors are practitioners who have worked in the field of finance. They relate the subjects covered to real work situations you will encounter in your banking job. So, the concepts are real, the coverage is at the right level of depth, and the material is easy to absorb.

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