Our premium, accredited full-day course tailored towards portfolio managers to give an intuitive understanding of options and how they can be used to enhance portfolio risk profiles.  In depth discussion on hedging, risk management and monetisation of hedges.  Using the volatility asset class to either enhance yield or improve Sharpe ratios.  This course will give you in-depth knowledge of how professionals use options to effectively manage their exposure to volatility and improve their risk adjusted returns.

Part 1 - Option Basics

Time required

60 minutes

  • What are calls and puts and how are they used

  • Combining options and the various payoffs you can create

  • Option Pricing, factors effecting option value

  • Breaking down option value (Intrinsic vs Time value)

Part 2 - Understanding the Greeks

Time required

90 minutes

  • Delta

  • Gamma

  • Theta

  • Vega and Implied Volatility

  • Term structure and Event Vol

  • Volatility Skew

Part 3 - Portfolio Hedging

Time required

150 minutes

  • Typical hedging strategies

  • Equity Replacement

  • Ways to manage or re-structure hedges

  • Overwriting and Underwriting

  • Income Targeting

  • Using VIX options or Futures to hedge