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Our Equity Derivatives training course covers the incredible range of products that are available for market participants. We’ll start with a brief overview of financial derivatives and equity futures and then focus in greater detail on option contracts, exploring such areas as option risks and pricing, exotic variations and volatility trading.
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.
- Gain a solid understanding of equity futures, options and swap contracts, as well as their uses, pricing and risks.
- Discover what impact the dividends have on futures term structure and option valuation.
- Find out when it is optimal to exercise an American option early (when it’s not).
- 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.
- Become familiar with various exotic features of equity derivative contracts.
- Be able to calculate implied and realised correlations in the market.
- Find out about equity structured products and how investors use them to maximise returns.
- Grasp the specifics of trading volatility with VIX futures and options.
- Become confident when dealing with equity derivatives.
- 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.

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.
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Overview of Financial Derivatives:
- Users of equity derivatives.
- Types of derivative products.
- Open interest and volume.
- Listed and OTC trading.
- Derivatives settlement procedures.
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Equity Futures and Forwards:
- Mechanics of a forward contract.
- Cost of carry and fair value.
- Impact of dividends, interest rates and borrow cost.
- Using futures for hedging, speculating and asset allocation.
- Equity futures and stock index futures.
- Dividend futures.
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Options:
- Calls and puts.
- Selling and buying of options.
- In-the-money (ITM), At-the-money (ATM) and Out-of-the-money (OTM) options.
- Motivation behind using options.
- Put-call parity and option arbitrage.
- Overview of stock and index option contracts.
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Option Pricing:
- Intrinsic and time value.
- Black-Scholes framework.
- Delta hedging.
- Pricing European and American options.
- Realized volatility.
- Implied volatility and volatility surface.
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The Impact of Dividends:
- Overview of dividend payments.
- Dividends and early exercise.
- Continuous vs discrete dividends.
- Pricing options with dividends.
- Implied dividends and dividend forecasting.
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Option Risks and Greeks:
- Delta.
- Gamma.
- Vega.
- Rho.
- Theta.
- Hedging of the risks.
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Option Strategies:
- Straddles and strangles.
- Call and put spreads.
- Calendar spread.
- Butterfly.
- Collar and risk-reversal.
- Iron Condor.
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Light Exotic Options:
- Barrier options.
- Knock-in/out options.
- Digital and binary options.
- Quanto options.
- Asian contracts.
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Equity Swaps:
- Synthetic equity.
- Vanilla Equity Swap.
- Total Return Swaps.
- Dividend swaps.
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Volatility and Correlation Trading:
- Variance and volatility swaps.
- Implied and realized correlation.
- The VIX index.
- VIX futures and options.
- Volatility complex – ETNs and ETPs.
- Dispersion strategies.
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Structured Products:
- Options as a note contract.
- Autocallables.
- Reverse convertibles.
- Protected participation.
- Bonus certificate.
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Course category:
Advanced -
Location:
London -
Duration:
2 days -
Class size:
20 students
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Formal completion certificate.
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Course notes and materials.
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Follow-up support – ability to ask questions and seek further clarification, if needed.
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20% OFF any future courses you wish to attend.
At the moment, we are planning for all of our training courses starting with September 2020 to go ahead in a physical location in Central London.
In case if circumstances change and we won’t be able to deliver the course in a classroom setting, we will deliver it virtually online via Zoom.
If this happens, we will get in touch and ask if you would like to go-ahead and attend the course virtually or if you prefer to cancel for a full refund.
We accept all major credit and debit cards, and PayPal.
You will receive this by email after completion of any of our classes.
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.
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.
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.