Energy Derivatives: Futures, Options & Swaps

Overview

This in-depth examination of energy futures and options is presented by Richard Weissman, an energy derivatives trader and highly acclaimed author with over thirty years of real-world trading experience. Learn what derivatives are, how they work, how they’re used, and where they are traded. Understand the benefits and limitations of each instrument and how they can be applied to speculative trading and commercial hedging strategies.


Why You Should Attend
What are the pros and cons of hedging with various types of derivatives? What are the benefits and drawbacks to hedging with options vs. linear derivatives? How can swaps help hedgers match their physical consumption and production profiles? Why are exchange-traded futures the “gold standard” for commercial hedgers? We’ll cover all this and more during this dynamic three-day course. You’ll gain a thorough and practical understanding of what futures and options are, how they work, how they are used, and how to measure the risks and rewards associated with them.

What You Will Learn

  • The vocabulary of futures and options
  • The what, why, how, and who of energy futures and options markets
  • The mathematics of options premiums, historical and implied volatility, and the Greeks
  • The differences and similarities of futures and options
  • Real-time trading and hedging examples for all products in energy markets using futures and options
  • Setting up futures, options, and derivatives accounts
  • Types of orders used on the exchange
  • Margins and futures brokers
  • Contract specifications
  • Options pricing models: Black-Scholes and Cox-Ross-Rubenstein
  • The basis between spot and futures markets
  • How option premiums change in various market environments
  • Commonly employed tools and techniques for energy risk managers
  • The difference between historical and implied volatility
  • Popular options spread strategies used by speculators and commercial hedgers