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Course Level
Introduction
Delivery Method
Classroom Instructor-Led Course
Professional Development Credit Hours
8
Pre-requisites
Recommended: Fundamentals of Energy Futures or equivalent knowledge.

"Thank You - the instructor was very knowledgeable and has relevant examples as well as historical perspective to lend to discussions." Proliance Energy


Faculty

Faculty leading this presentation will depend on the delivery location. Please inquire for Faculty details.

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.

BAC: Mennta Energy Solutions is pleased to be endorsed by the BAC for Independent Further Education as a Short Course Provider. Endorsement covers courses delivered in the UK only.

GARP: Mennta Energy Solutions is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits.

Options I - Fundamentals of Energy Options (CLASSROOM) - FOEO


Course Summary

Fundamentals of Energy Options is a one-day course presented by the energy training experts at Mennta Energy Solutions. This course allows delegates to experience this fascinating and complex field first hand. Long thought as a difficult topic, options are broken down so they are fully understood. This full day workshop covers everything from premium valuation to advanced trading strategies on exchange traded options, specifically those related to energy commodities including oil, gas and electricity. You will gain even more valuable insights through our unique trading simulation and comprehensive review at the end of the day.


Who Should Attend?

Class delegates include everyone from trade support staff all the way up to senior management - anyone who needs to learn the basics for the first time or sharpen their skills on futures terminology and trading. This programme deals with many different energy commodities, including oil, gas and electricity.


Course Content

  • Energy options contracts
  • Over-the-counter (OTC) versus Exchange-traded
  • Characteristics and profit and loss profiles of calls and puts
  • The "anatomy" of an option
  • Being an option "holder" vs being an option "writer"
  • Exercise and assignment
  • The different styles of options
    • American
    • European
  • Basic directional strategies
  • Understanding option valuation
    • Calculating intrinsic and extrinsic value
    • Understanding in-, at-, and out-of-the money
    • The variables affecting the Black-Scholes options pricing model
    • The importance of volatility
      • Historical
      • Implied
  • Trading Strategies
    • Using bear and bull fences
  • The "Wasting Asset Theory"
  • The meaning of delta, gamma, vega and theta
  • Characteristics of straddles with profit and loss profiles

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