AYMERIC KALIFE - CEO, iDigital Partners,Adjunct Université Paris - Dauphine
The objective of this course is to give an all round comprehensive knowledge and understanding of the theory and the day-to-day use of derivatives contracts. Participants will learn how banks and corporate treasuries use Financial Options alike in the management of risks, for trading, hedging and arbitrage and their role in the day-to-day running of the finances of businesses. Starting from some basic knowledge of cash equity and equity derivatives market, and based on real option trade ideas capitalizing on a “nuanced” market view, it equips the audience with the skills to price and risk manage the most common and complex options, by explaining and dissecting the risks associated with trading a derivative from a risk/return/cost perspective by means of real life examples.
The class uses MS Excel Spreadsheet applications and Visual Basic extensively, involving the use of market data&Fixed Income Market Research publications.
I. Derivatives products features overview
II. Capitalizing on a “nuanced” view using derivatives
III. Arbitraging using derivatives
IV. Hedging using derivatives
HullJ., Options, Futures, & Other Derivatives, Prentice Hall.
WilmottP., Derivatives: The Theory and Practice of Financial Engineering
Homeworks, Final exam