Learning Platform - "Markets & Trading"
Course: Options – Greek Variables
About the online training programme
This course provides learners with a comprehensive overview of the risk parameters related to option positions. It is explained how the Greek variables can be used to perform risk management. Throughout the course one can master advanced knowledge of the Greeks and how sensitivity analysis can be effectuated, as well as how this allows to manage positions. In addition, the relationships between the risk parameters are clarified.
Course Contents
This course covers the following video lessons:
- Risk parameters
- Dynamic concepts
- Delta – Introduction
- Delta – Call Delta versus put Delta
- Delta – Sensitivity
- Delta – Long versus short position
- Delta – Portfolio management
- Delta – Relevant notes
- Delta – Hedge ratio
- Delta – Non-linear exposure vs. linear hedge
- Delta – Dynamics of Delta
- Theta – Introduction
- Theta – Portfolio management
- Vega – Introduction
- Vega – Portfolio management
- Rho
- Second order Greeks – Introduction
- Vanna
- Vomma
- Charm
- Veta
- Vera
- Gamma – Introduction
- Gamma – Characteristics
- Gamma – Rules of thumb
- Third order Greeks
- Application – Coherence – Delta
- Application – Coherence – Gamma, Vega & Theta
- Application – Coherence – The process of the underlying
- Application – Coherence – Greeks of a linear product
- Risks beyond Greeks – Liquidity risk
- Risks beyond Greeks – PIN risk
- Risks beyond Greeks – Fugit
This course also includes examination and certification.
