Introduction to Futures & Options

In this module, you will learn about how derivatives can be applied to securities to manage risk and gain exposure to certain assets.

In this module, you will learn about what derivatives are and how they relate to securities.

In this module, you will learn about futures terminology and contract features, including delivery dates, margin requirements, and settlement prices.

In this module, you will learn about the process of physically delivering the underlying asset in order to close a futures contract.

In this module, you will learn about cash settlement and OTC derivatives, including their characteristics and how they differ from futures contracts with physical delivery.

Learn about the role of a clearinghouse in futures markets and how third party contracts differ from traditional futures contracts in this module.

In this module, you will learn about futures margins and how they apply to contracts.

In this module, you will learn about the role of the clearinghouse in futures trades, including the process of settling futures contracts and managing margin requirements.

This module covers the differences between futures contracts and the underlying assets, as well as how to compare and analyze them.

In this module, you will learn about using futures contracts to hedge position cash flows and manage risk. We cover futures versus underlying positions, clearinghouse and futures trades, and futures margins and contracts.

This module covers how to manage risk and cost when taking futures positions.

This module covers the concept of carrying charges in futures contracts and how they impact the cost of holding a position.

This module covers the concept of the cost of carry in futures markets and how it affects the forward pricing curve.

This module includes an introduction to option fundamentals, including contract features and terminology.

In this module, you will learn about long call options and how they can be used in an options contract. We will cover the basics of this financial instrument, including its potential risks and rewards.

In this module, you will learn the fundamentals of option pricing, including how it is determined and the factors that can impact it. We will also discuss the Black-Scholes model and its role in option pricing.

In this module, you will learn about the concept of time value in options and how it relates to intrinsic value and moniness. We will discuss how these terms are used in the evaluation of options contracts.

This module includes a discussion of short option positions and how they can be used in options trading. You will learn about the potential risks and rewards of implementing short option positions in your portfolio.

In this module, we will cover the investment characteristics of options and how they differ from other financial instruments. You will learn about the benefits and drawbacks of using options in a portfolio.

This module provides an overview of long put, short call, and short put positions in options trading. You will learn about the potential risks and rewards of implementing these strategies in your portfolio.

In this module, you will learn about option pricing and the "Greeks," which are sensitivities that measure the impact of various factors on option prices. We will discuss how these concepts are used in the evaluation of options contracts.

This module covers option deltas, which measure the change in an option's price in relation to a change in the underlying asset's price. You will learn how to use deltas to make informed decisions about your options trades.

In this module, you will learn about delta hedging, a risk management strategy used in the financial markets.

This module covers the concept of delta natural hedging through the use of real-world examples.

In this module, you will learn about the Black-Scholes model and the concept of option volatility (vega).

This module includes lessons on implied volatility and volatility trading, completing the course.