Download - Introduction to vanilla FX options · 2016-04-29 · • Junior traders on FX options desks ... An Introduction to Vanilla FX Options Course content Day 1 ... Microsoft Word - Introduction

AlbionGreenFinancialEducation

ProgramLeaderAndyMayerhasover14yearsexperienceasanFXoptionstraderandmanageroftradingteamsintheinvestmentbankingindustry.HebeganhiscareerinLondonwithNatWestGlobalFinancialMarkets,andworkedforCreditAgricoleandMorganStanleybeforemovingtoAsiain2010.HismostrecentbankingrolewasrunningtheAsiaFXderivativesdepartmentatCIBCHongKong.AndyhasaBScfromtheUniversityofDurham,EnglandandanMScinmathematicalmodellingfromEdinburghUniversity,Scotland.HeholdsadiplomaintechnicalanalysisfromtheSocietyofTechnicalAnalysts.

AnIntroductiontoVanillaFXOptions

IntroductionForeignExchange(FX)optionsarewidelytraded,butnotwidelyunderstood.Inthiscoursewestartattheverybeginningandcoverthebasicsquicklybeforemovingontolookatmoreinvolvedconceptsthateveryvanillaoptionstraderneedstoknowbeforedoinghis/herfirsttrade.

Whothecourseisfor?• GraduateTrainees• JuniortradersonFXoptionsdesks• InvestmentBanksalespeoplewhowanttoup-

skillthemselves• Centralbankreservemanagers• BankandHedgeFundmacrotraderswhocome

fromanon-optionsbackground• Riskdepartmentprofessionalsinanyfinancial

institution

LearningoutcomeUponcompletionofthecourse,studentswillhaveasolidunderstandingofFXvanillaoptionsandhowtotradethem.

AnIntroductiontoVanillaFXOptions

CoursecontentDay1• Whatisanoption?• Put-callparity• Quotingconventions• TheBlack-Scholesmodel• Historicalandimpliedvolatility• Themaingreeks

Day2• Whousesoptions?• Spot-directionalstrategies• Deltahedging• Rhohedging• Gammatradinganddynamichedging• Theta• Volatilitytrading

Day3• EuropeanandAmericanexpiry• Thevolatilitysmile• Volatilityofvolatility• Tradingbutterflies• Volgaandsega• Thevolatilitysmirk• Spot-volcorrelation• Tradingriskreversals• Vannaandrega• Exoticoptions–abriefoverview

LearningTechniquesParticipantswillbetaughtonemodulepersessionandtheirknowledgewillbetestedregularlyduringthecoursetotrackprogress.

LanguageEnglish

NumberofparticipantsUpto15

DurationThreefulldays,or12eveningsessionsofoneandahalfhourseach.

Contact:

[email protected]

AlbionGreen

SuiteG,9/F,Tower3,Queen’sTerrace,1Queenstreet

SheungWan,HongKong