About the online training programme
This course covers how flexibility in commodity & energy portfolios can be viewed. Based on the real option approach flexibility can be modeled in terms of optionality. It is explained that this is useful for valuation and hedging purposes, plus how this can take place.
Course Contents
This course covers the following video lessons:
- For valuation & hedging purposes
- Spread option valuation
- Storage capacity – Hedging the time spread exposure
- Storage capacity – Time spread option
- Storage capacity – Hedging call on time spread
- Storage capacity – Complexity
- Transport capacity – Hedging the location spread exposure
- Transport capacity – Location spread option
- Production & consumption capacity – Margin option
- Production & consumption capacity – Power plants
- Production & consumption capacity – Refinery & crusher
- Hedging spread options versus hedging capacity
- Liquidating hedge on outright position
- Liquidating hedge on storage capacity
- Liquidating hedge on transport capacity
- Liquidating hedge on processing capacity
- Dynamically hedging an outright option
- Dynamically hedging a spread option – Strategy
- Dynamically hedging a spread option – Details
- Model versus reality – Mismatch of characteristics
- Model versus reality – Number of options & granularity
- Model versus reality – Path-dependency
- Model versus reality – Path-dependency – Forward start option
- Model versus reality – Path-dependency – Exchange option
- Model versus reality – Path-dependency – Lookback option
- Model versus reality – Path-dependency – Barrier option
- Modelling power generation capacity – Types of capacity
- Modelling power generation capacity – Gas plant – Cross-commodity options
- Modelling power generation capacity – Gas plant – Number of options
- Modelling power generation capacity – Gas plant – Specific characteristics
About our Learning Platform
With no time-to-market, any learner can buy a licence for 365 days access. Alike Netflix, we provide 24/7 access to all listed courses and exams. Self-study in own time and at own pace, with instant certification upon passing an exam. Access-to-all is provided upon the purchase of a learning licence, one for each learner. Discount for group. Observe our ultra-quick customer on-boarding.
Course Guide