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Introduction to Futures & Options

An introduction to derivatives, demonstrating their common features & how they differ from other financial instruments.
4.1 (19 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
494 students enrolled
Created by Paul Siegel
Last updated 3/2014
$15 $50 70% off
30-Day Money-Back Guarantee
  • 4.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
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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
Who is the target audience?
  • All levels of participants are encouraged to take this course.
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What Will I Learn?
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
View Curriculum
  • 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.
Curriculum For This Course
Expand All 27 Lectures Collapse All 27 Lectures 04:37:34
Introduction to Derivatives
3 Lectures 29:37

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

Preview 10:44

Instructor Doug Carroll discusses and compares derivatives to securities.

Derivatives Compared to Securities

Instructor Doug Carroll defines derivatives.

Derivatives Defined
Introduction to Futures Contracts
5 Lectures 52:07

Instructor Doug Carroll discusses futures terminology and contract features.

Futures Terminology and Contract Features

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

Physical Delivery to Close a Futures Position

Instructor Doug Carroll discusses cash settlement and OTC derivatives.

Cash Settlement, OTC Derivatives

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

Futures Clearinghouse and Third Party Contracts

Instructor Doug Carroll discusses futures margins and contracts.

Futures Margins and Futures Contracts
Futures Contracts Trading and Cash Flows
4 Lectures 41:13

Instructor Doug Carroll discusses clearinghouse and futures trades.

Clearinghouse and Futures Trades

Instructor Doug Carroll compares futures versus underlying positions.

Comparing Futures Versus Underlying Positions

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

Futures Positon Cash Flows and Hedging with Futures

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

Futures Positions: Risk and the Cost Taking Position
Futures Pricing
2 Lectures 28:24

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

Cost of Carry/Carrying Charges

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

Cost of Carry Pricing and The Forward Pricing Curve
Introduction to Options
7 Lectures 01:11:13

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

Preview 07:33

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

Option Contract Example: Long Call Positions

Instructor Doug Carroll discusses the basics of option pricing.

Option Pricing Basics

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

Time Value, Instrinsic Value and Moniness

Instructor Doug Carroll discusses short option positions.

Short Option Positions

Instructor Doug Carroll discusses investment charicteristic of options.

Investment Characteristic of Options

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

Overview of Long Put, Short Call and Short Put Positions
Option Pricing and Applications
6 Lectures 55:00

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

Option Pricing and Sensitivities (Option "Greeks")

Instructor Doug Carroll discusses option deltas.

Option Deltas

Instructor Doug Carroll discusses delta hedging.

Delta Hedging

Instructor Doug Carroll provides an example of delta natural hedging.

Delta Neutral Hedging Example

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

Black-Scholes and Option Volatility (Vega)

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

Implied Volatility and Volatility Trading
About the Instructor
4.1 Average rating
484 Reviews
4,045 Students
17 Courses
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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