Advanced Program on Derivatives

Program

This program has been designed primarily from the trading perspective. It is meant for practitioners and participants who have prior knowledge of the basic functioning of the derivatives instruments. Participants who have gone through the BSE Basic Program on Derivatives are also eligible for this Program.

This program broadly covers Futures and Options. It starts with a quick orientation of the basics and moves to simulated strategies and actual derivatives technicals on volatility and greeks.

The endeavor is to give the participants an insight into the market dynamics and equipping them with the knowledge to price their derivative securities. These skill enables identification of arbitrage opportunities and obtain an expression to the trading view. The Program equips the participants with a series of combination strategies keeping a tab on the implementation costs.

Derivatives fulfill the market need for risk management. The Program also illustrates hedging strategies in lucid detail taking actual cues from experts who consult fund managers regarding hedging effectiveness of their portfolios.

Day - 1

  • Futures Basics: Futures Product Specifications, Open Interest, Mark-to-Market Margining
  • Option Basics: Concept, Time Decay; Strike prices Basic Put-Call strategies
  • Strategy: Futures: Stock and Index Futures, Basket - Pair Trading, Basis Trading
  • Synthetics: Synthetic Call and Put strategies, Synthetic Futures Strategies
  • Strategy: Spread Strategies; Exotic Strategies; Covered Call Strategies


  • Day - 2

  • Pricing: Futures Pricing: Cost of Carry, Expectation Hypothesis, Fair Value Pricing, Option Pricing: How to leverage it for derivatives trading, Put-Call Parity, American and European Options Pricing, Dividend and non-Dividend Paying Stocks
  • Arbitrage and Hedging: Futures - Futures and Cash - Futures; Options Arbitrage Hedging: Types of Risk: Basis Risk, Systematic and Unsystematic Risk Utilities of a Hedge for Mutual Funds Cross Hedging; Protective Put, Fencing Strategies, Portfolio Hedging Strategies, Tailing the Hedge - Case - Live Portfolio
  • Strategy - Greeks: Delta Neutral strategies, Delta - Gamma neutrality, Delta v/s Time; Delta v/s Volatility; Gamma v/s Time and Volatility, Vega, Theta and Rho; Volatility Trading Strategies.
  • Forecasting using Options and Futures: Put - Call Ratio; Volatility Forecasting Futures: Forecasting Strategies: Open Interest - Volume and Price Patterns, Volatility Index


  • Day - 3

  • Live trading session


  • Participants attending the entire course shall be eligible to receive Participation Certificate from the BSE Institute Ltd.

    Brokers, Sub- Brokers, Dealers, Traders, Derivatives Research and Sales Teams, Foreign Institutional Investors, Financial Institutions, Fund Managers, Corporates, Equity Analysts, Practising Professionals, High Net worth Investors, Bankers.

    3 days
    10.00 am to 5.30 pm

    Rs. 11,550.00 + Applicable Taxes per participant inclusive of tuition fees, reference material and (morning / evening) refreshments only.

    For further details regarding contents,
    E-mail: training@bseindia.com