Programme

• Fundamentals & essentials of options
  • Rights & (potential) obligations
  • Risk-reward ratio
• Valuation of options and optionality
  • Models & parameters
  • Exotic options vs vanilla options
• Flexibility in supply contracts
  • Validity time of proposal
  • Take or pay constructions
  • Volume flexibility
    • Optimisation
  • Swing optionality
    • Capitalisation
  • Flexibility on physical assets
    • Capacities
      • Processing capacity (combined production & consumption capacity)
      • Storage capacity
      • Transport capacity
    • Margin
      • Spreads
      • Spread trading
    • Asset-backed trading
      • Dynamic hedging & financial optimisation
      • Locking-in intrinsic value & monetising extrinsic value
      • Delta-hedging