This two-day course provides a strong foundation in the fundamentals of market theory and industry practice. The course covers relevant aspects of the futures, options and underlying cash markets for both physical commodities and financial instruments. The program also provides a comprehensive treatment of the major types of futures and options orders, the principles and practices of futures clearing and margining, hedging and industry regulation.
After the course you will be able to:
· Describe the uses of futures markets and compare and contrasts futures to other instruments
· Understand trading theory, basic functions and terminology
· Enumerate the functions of hedgers, speculators, exchanges, clearinghouses and regulators
· Interpret daily futures data and make calculations for profit and loss
· Explain the principles of margins, offset, settlement and delivery
· Describe the variety of orders and their uses
· Describe the nature of spreads as a "relative positions and indentify four types of futures spreads including bids and offers
· Use futures to hedge exposure to an underlying commodity or to speculate
· Compare futures and options on futures as risk management tools
· Understand options nomenclature including premiums, exercise, assignment and settlement
· Describe the determinants of option price and how they affect the option premium
· Indentify the principles of hedging and cash-futures price relationships as well as the importance of basis
· Enumerate the uses stock-indexes, foreign exchange, energy, metals and other commodities
· Use options to hedge exposure to an underlying commodity or to speculate
· Understand portfolio management strategies using various futures and options products such as straddles, strangles, call-spreads and put-spreads.
Cost: $600 Early-bird | $650 Standard registration. Complimentary refreshments are provided.