Stock Options and Equity Derivatives Training - Short Course

Home
Financial Courses
Stock Options and Equity Derivatives

Stock Options and Equity Derivatives

Tools and strategies for trading time, volatility and correlation.

Coming soon

Starts in:

– – Days
– – Hours
– – Min
– – Sec

Course category:

Advanced

Location:

Online

Duration:

2 days

Time:

8 hours/day

Class size:

25 students

A short course designed to equip you with advanced tools behind equity derivatives.

Our Equity Derivatives training course covers an incredible range of products available for market participants. We’ll start with a brief overview of financial derivatives and equity futures and then focus in greater detail on options contracts. We’ll explore such areas as option risks and pricing, volatility dynamics and dealer positioning.

This advanced course is aimed at those who already have some understanding of equity markets and its key concepts. A basic level of derivatives knowledge is also recommended, although not required.

What will you learn?

By the end of the course, you will:

Gain a solid understanding of equity options and their uses, pricing and risks.
Appreciate the diverse range of option strategies and their suitability for different market conditions.
Recognize the interplay between option risks and how they relate to one another.
Explore the relationships between realized and implied volatilities.
Discover what drives an implied volatility skew and term structure.
Find out when exercising an American option early is optimal (and when it’s not).
Learn how to calculate implied and realized correlations in the market.
Grasp the specifics of trading volatility with VIX futures and options.
Find out about fixed strike and floating strike vol and why it matters.
Become familiar with dealer gamma positioning and its impact on the market.

And much more!

Who is the course for?

Private traders and investors, looking to learn about equity derivatives markets.
Professionals within the financial industry or those providing services to the financial sector.
Professionals performing financial functions in non-financial industries, such as corporate treasury, accounting, and investor relations.
Students, preparing for an upcoming internship or starting their careers in finance.
Anyone working in or looking to understand how equity derivatives work.

Who is teaching the course?

Sergei Perfiliev

Active trader specializing in Equity Derivatives and Volatility trading.
Former Goldman Sachs Quantitative Analyst.
Working in finance since 2008.
Professional career includes Nomura, Bloomberg and Goldman Sachs.
Cross asset-class experience covering Equities, Fixed Income, FX and Commodities.
Teaching financial courses since 2013.
Holds Masters of Engineering from Imperial College London.
Holds Masters of Science in Mathematical Finance from University of Oxford.

Course Content:

Day 1

Options Basics:
- Futures and forwards.
- Calls and puts.
- In-the-money (ITM), at-the-money (ATM) and out-of-the-money (OTM) options.
- Put-call parity and option arbitrage.
- Overview of stock and index options.
- Open interest and volume.
Option Pricing:
- Intrinsic and time value.
- Standard deviation and returns distribution.
- One-step binomial model.
- Risk neutral probabilities.
- Black-Scholes framework.
Historical and Implied Volatility:
- Stylized facts about volatility.
- Calculating realized vol.
- Volatility risk premium (VRP).
- Vol-spot relationship.
- Mean reversion and volatility regimes.
- Volatility surface.
- Volatility cone.
Skew and Term Structure:
- Contango and backwardation.
- Shape of the term structure.
- Spot and forward volatility.
- Event volatility and implied moves.
- Why skew exists.
- Skew in different volatility environments.
- Skew and implied distributions.
- Fixed strike vol and realized skew.

Day 2

Option Risks and Greeks:
- Delta and delta hedging.
- Gamma.
- Vega.
- Theta.
- ~~Rho.~~
- Unit and dollar exposure.
Option Strategies:
- Options arbitrage.
- Straddles and strangles.
- Call and put spreads.
- Calendar spreads.
- Butterflies.
- Collars and risk-reversals.
- Iron condors.
Correlation and Dispersion:
- Importance of correlation.
- Index diversification and volatility.
- Market correlation.
- Calculating implied and realized correlation.
- Correlation and skew.
- Dispersion and correlation trading.
VIX Index:
- Variance and volatility swaps.
- VIX calculation.
- VIX futures and options.
- Volatility of volatility of volatility of...
- Volatility complex – ETNs and ETPs.
- VIX and the fixed strike vol.
Dealer Positioning:
- Who are the dealers?
- Dealer gamma.
- Short and long gamma.
- Calculating gamma exposure.
- Zero gamma level.
- Vanna and charm.

What’s the format?

Dynamic in-class lectures.

Practical assignments and exercises.

Interactive demos and examples.

Challenging quizzes and tests.

Next available dates and pricing:

Stock Options and Equity Derivatives

Course category:

Advanced
Location:

Online
Duration:

2 days
Class size:

25 students

Date to be confirmed

Status

Coming soon

What will you get upon completion?

Formal completion certificate.
Course notes and materials.
Follow-up support – ability to ask questions and seek further clarification, if needed.
20% OFF any future courses you wish to attend.

What our training participants say?

Jovana

Account Executive

“Sergei held one of the best training sessions on equity derivatives at the onset of my career in finance. He was able to put together a fully comprehensive and detailed yet digestible programme. His strength is delivering complex concepts in a simplified and engaging manner.”

Donald

Software Engineer

“I attended Sergei's derivatives training a few years ago. Sergei clearly explained what they are, the motivation behind them and how they're traded in concrete terms. After the training I had a solid understandings on the topic and I would recommend Sergei's training.”

Anna

Accounts Manager

“Sergei led various financial trainings and I really enjoyed his teaching style and dedication to his students. He always made sure students were engaged and understood the topic before moving on. I would recommend Sergei for his professionalism and deep knowledge.”

Igor

Data Analyst

“Amazing training! Sergei does a great job at explaining the concepts using simple analogies which makes the complex world of finance very clear.”

Vikram

Quantitative Developer

“Sergei's sessions were great! He always made them engaging and fun.”

Marius

Financial Software Engineer

“Sergei taught me statistics in the context of equity asset prices and he managed to help me finally connect the maths to the real life applications of it. He's very practical and effective in helping you understand hard concepts.”

Yoshi

Investment Professional

“Sergei is one of the best instructors I have ever met. He understands people learn in different ways and can adjust his teaching style. I would highly recommend him, especially when you are trying to learn something complicated or you want to learn something quickly.”

Vlad

Financial Sales

“Sergei is a very good teacher, and is able to explain clearly complex concepts. I felt his course was time well spent.”

Paul

Financial Software Developer

"An excellent presenter and an enjoyable course, complex material presented in an approachable fashion."

Babak

Head of Pricing

“Sergei has a dynamic approach to teaching and his ability to breakdown complex commercial concepts makes learning easy and memorable. I still remember his enthusiasm after 7 years and always happy to learn from him.”

Eric

Machine Learning Engineer

“Sergei’s lucid explanations helped me get a deeper grasp of the concepts I was grappling with, whilst giving me a new perspective on the material. I credit him with getting me up to speed when I needed it most.”

Alex

Financial Sales

“As part of a financial training program, Sergei equipped me with the knowledge that I am still benefiting from seven years later. He has an ability to deliver complex subject material in a digestible way.”

Frequently Asked Questions:

At what times will the course take place?

We do our best to accommodate different time zones and appreciate that some students have to either wake up very early or stay very late in order to attend.

The times for this course are going to be:
PST: 05:00 – 14:00
EST: 08:00 – 17:00
UTC: 12:00 – 21:00
BST: 13:00 – 22:00
SGT: 20:00 – 05:00

There is an hour break in-between, for a total of 7 to 8 teaching hours per day.

What payment methods do you accept?

We accept all major credit and debit cards, and PayPal.

How can I get a 20% discount for my next training course?

You will receive this by email after completion of any of our classes.

What if I need to cancel my booking?

You can cancel your booking and receive a full refund up to one month in advance of the course start date.

If you made a booking for a seminar that starts in less than one month, you can cancel for a full refund within the 14 days of making the booking.

In case if we are unable to deliver a course in a physical classroom and had to move it online due to COVID-19, you can also cancel and request a full refund if you don’t want to attend the course virtually.

Are there any pre-requisites in order to attend this course?

This advanced course is aimed at those who have some understanding of equity markets and its key concepts. A basic level of derivatives knowledge is also recommended, although not required.

Want to run this training in-house?

Get in touch!

All our training courses can be tailored to your company needs and requirements.

Feel free to call us on +44 207 459 4445 or email info@perfiliev.co.uk and we’d be happy to help.

Learn more