Overview
This course will introduce derivatives in general, to demonstrate the common features of derivatives and how they differ from other sorts of financial instruments. The course will then segue into a detailed discussion  first on Futures contracts and then ultimately on Options contracts. Key characteristics will be identified, and contract features, pricing, applications, risk management, and hedging will be discussed.
This course is composed of 27 lectures within 6 sections:
 Introduction to Derivatives
 Introduction to Futures Contracts
 Futures Contracts Trading and Cash Flows
 Futures Pricing
 Introduction to Options
 Option Pricing and Applications
Learning Outcomes
At the end of this course, you will be able to...
 Understand the general overview of derivatives
 Define what derivatives are and differentiate between different types
 Explain the features of futures contracts, as well as trading and cash flows
 Demonstrate the fundamentals of options, their contract features, and pricing basics
 Learn about futures contract pricing
Target Audience
 All levels of participants are encouraged to take this course.
Course curriculum

1
Introduction to Derivatives
 Types of Derivative Contracts and Their Characteristics FREE PREVIEW
 Types of Derivative Contracts and Their Characteristics (Slides)
 Derivatives Compared to Securities
 Derivatives Compared to Securities (Slides)
 Derivatives Defined
 Derivatives Defined (Slides)

2
Introduction to Futures Contracts
 Futures Terminology and Contract Features
 Futures Terminology and Contract Features (Slides)
 Physical Delivery to Close a Futures Position
 Physical Delivery to Close a Futures Position (Slides)
 Cash Settlement, OTC Derivatives
 Cash Settlement, OTC Derivatives (Slides)
 Futures Clearinghouse and Third Party Contracts
 Futures Clearinghouse and Third Party Contracts (Slides)
 Futures Margins and Futures Contracts
 Futures Margins and Futures Contracts (Slides)

3
Future Contracts Trading and Cash Flows
 Clearinghouse and Futures Trades
 Clearinghouse and Futures Trades (Slides)
 Comparing Futures Versus Underlying Positions
 Comparing Futures Versus Underlying Positions (Slides)
 Futures Position Cash Flows and Hedging with Futures
 Futures Position Cash Flows and Hedging with Futures (Slides)
 Futures Positions: Risk and the Cost Taking Position
 Futures Positions: Risk and the Cost Taking Position (Slides)

4
Futures Pricing
 Cost of Carry/Carrying Charges
 Cost of Carry/Carrying Charges (Slides)
 Cost of Carry Pricing and The Forward Pricing Curve
 Cost of Carry Pricing and The Forward Pricing Curve (Slides)

5
Introduction to Options
 Option Fundamentals: Contract Features and Terminology FREE PREVIEW
 Option Fundamentals: Contract Features and Terminology (Slides)
 Option Contract Example: Long Call Positions
 Option Contract Example: Long Call Positions (Slides)
 Option Pricing Basics
 Option Pricing Basics (Slides)
 Time Value, Intrinsic Value and Moniness
 Time Value, Instrinsic Value and Moniness (Slides)
 Short Option Positions
 Short Option Positions (Slides)
 Investment Characteristic of Options
 Investment Characteristic of Options (Slides)
 Overview of Long Put, Short Call and Short Put Positions
 Overview of Long Put, Short Call and Short Put Positions (Slides)

6
Option Pricing and Applications
 Option Pricing and Sensitivities (Option "Greeks")
 Option Pricing and Sensitivities (Option "Greeks") (Slides)
 Option Deltas
 Option Deltas (Slides)
 Delta Hedging
 Delta Hedging (Slides)
 Delta Neutral Hedging Example
 Delta Neutral Hedging Example (Slides)
 BlackScholes and Option Volatility (Vega)
 BlackScholes and Option Volatility (Vega) (Slides)
 Implied Volatility and Volatility Trading
 Implied Volatility and Volatility Trading (Slides)