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Course Level
Intermediate
Delivery Method
Classroom Instructor-Led Course
Professional Development Credit Hours
16
Pre-requisites
Recommended: Fundamentals of Energy Futures, Fundamentals of Options, or equivalent knowledge.

"Really good information - Well presented." Saskpower

Faculty

Larry G. Lawrence President of Enterprise Risk Consulting, LLC, has over 30 years of experience in energy risk management and trading. His experience includes financial trading in energy and equity markets, physical and financial risk management and trading consulting, physical and financial portfolio management, technical and options analysis, corporate education, advisory service publishing, and institutional sales. Mr. Lawrence has extensive experience in trading and risk management implementation for energy companies. His experience includes hedge strategy development, tactical trading assistance, the development of trading and risk management policies, procedures, and control structures, the review and assessment of risk management programs, risk and performance measurement, risk assessment, trading and risk system selection and implementation, transaction structuring, real option valuation and modeling, market structuring, development of forward price curves and term structures of volatility, credit risk management, and trading and risk management education. His work includes the evaluation and development of risk system functionality to support internal and external compliance with risk policies.

Accreditations

NASBA: Mennta Energy Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org


CPD Certification Services: The CPD Certification Service works with Mennta Energy Solutions to ensure valuable knowledge is structured to complement the universal guidelines of Continuing Professional Development. Mennta Energy Solutions courses are approved by CPD at one credit per training hour.


Energy Options Applications and Strategies (CLASSROOM) - OAS

Course Summary

Options are a growing part of energy hedging and speculating.   Understanding how they work allows any trader to make better choices in using them. Once you have a thorough understanding of the basic elements of options, you can learn how to take advantage of fast-changing markets to get the most out of your option positions with this course. Delegates learn how to apply complex combinations of calls and puts to hedge specific risks and take advantage of market expectations.

This two-day workshop not only extends your understanding of option dynamics, but also allows you to practice these skills through our unique trading simulations. In these simulations you will master directional and market-neutral trading strategies, as well as the application of complex strategies. You will also learn to match specific risk exposures and market expectations with complex strategies.

Includes Online Pre-study Module

This course is accompanied by a preparatory course available online. Delegates will receive an online voucher as part of their joining instructions upon confirmation of registration. By taking advantage of this "blended" learning approach, in-class time and learning are optimized.

Who Should Attend?

This programme deals with many different energy commodities. Delegates include everyone from trade support staff to senior management.

Course Content

  • The impact of option deltas on profits and losses
  • How option gamma affects your price exposure
  • The benefits and costs of time decay
  • How market volatility affects options
  • Option hedging techniques, such as delta hedging
  • How to combine options to create other options, and why it works
  • Important characteristics of extrinsic (time) value
  • Different ways to calculate option values
  • Exercise styles and what impact they have
  • Options on price spreads
  • What the pricing models don't measure
  • Directional and market neutral trading strategies including:
    • Covered call and puts
    • Call and put spreads
    • Financed call and put spreads
    • Ratio writes and backspreads
    • Straddles and strangles
    • Directional straddles
    • Reduced-risk volatility spreads
    • Butterflies and condors
  • How to reduce the cost of using options as "insurance"
  • How to tailor sophisticated options strategies that exactly match an anticipated market outcome
  • Matching specific risk exposures
  • Mixing different types of options

Learn Energy
In the Classroom or Online

Contact
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