Derivatives Training Courses

The Fundamentals of Options

Ref: FOO-195

The Fundamentals of Options

PUBLIC TRAINING
IN-HOUSE TRAINING
TAILOR-MADE TRAINING

IN-PERSON OR REMOTE CLASS

Duration: 2 days

➕ Remote learning activity

1950,00 € VAT Exempt (*)

📌 Reference: FOO-195


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(*) As a training organization, Finance Tutoring benefits from a VAT exemption under Article 261-4-4° of the French General Tax Code (CGI).

Training Description

The Fundamentals of Options

The Fundamentals of Options training program provides you with essential knowledge of the mechanisms and applications of options in risk management and market strategies.


Whether you are a trader, analyst, or investor, mastering these financial instruments is crucial, as they offer unique flexibility for hedging, speculation, and arbitrage.


This training covers key concepts of options, including valuation parameters, trading strategies, and major pricing models such as Black-Scholes and binomial trees. You will learn to interpret the “Greeks” (delta, gamma, vega, theta) and understand their impact on portfolio management.


Through a pedagogical approach that combines theory and practical case studies, you will develop strong expertise, enabling you to use options effectively to optimize risk management and improve financial performance.


Training Objectives

  • Understand exotic options.

Target Audience

  • Finance professionals
  • Individual investors
  • Institutional fund managers
  • Career changers
  • Students in applied mathematics
  • Anyone curious about understanding options

Training Duration

  • 2 days (14 hours)

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Training Program

The Fundamentals of Options

I. General Overview of Options

  • Definition
  • Markets
  • Participants

Quiz

II. How Options Work

  • Intrinsic value and time value
  • The Greeks: Vega, Theta, Rho, Delta, Gamma, Vanna, Volga

Practical Case:

  • Examining an options pricer

III. Option Pricing Methods

  • Binomial trees
  • Black-Scholes
  • Monte Carlo simulation

Practical Case:

  • Valuing a call and a put using a binomial tree (one and two periods) and the Black-Scholes method

IV. Simple Strategies

  • Call
  • Put
  • Naked options selling
  • Covered call
  • Protective put

Practical Case:

  • Identify simple strategies suited to predefined objectives

V. Strategies Combining Multiple Options

  • Bull spread with calls (debit spread)
  • Bull spread with puts (credit spread)
  • Bear spread with calls
  • Bear spread with puts
  • Calendar spread
  • Straddle
  • Strangle

Practical Case:

  • Analyzing different strategies

VI. Exotic Options

  • Asian options
  • Barrier options

Quiz

VII. Portfolio Hedging Strategies

  • Delta hedging and gamma hedging
  • Long and short reversal
  • Long and short seagull

Practical Case:

  • Currency hedging from the perspective of an institutional fund manager based on a real scenario