Basic Overview of Energy Options (ON-DEMAND) - BOO
Course Summary
This course provides an introduction to options contracts and their key characteristics. You will learn what defines an options contract, and the key terminology associated with options. You will find out what it means to be ‘long’ options and ‘short’ options. We will explore the factors that affect the value of an options contract, and how the price of an options contract varies as they change. You will learn about different types of options that are traded, and the main reasons why people use options contracts.
Course Content
You will learn to:
- Identify the difference between the two main types of options, calls and puts
- Recognize some key options terms and their meanings
- Recognize the meaning of being ‘long’ and ‘short’ options
- Describe the market position created when calls and puts are bought and sold
- Identify the key variables that impact an option’s value
- Recognize the main ‘Greeks’ and how they affect the option’s price and behavior
- Distinguish between the main types of options that are traded
- Recognize the advantages of options in hedging and for-profit trading
Practice exercises and self-assessment quizzes are included to help reinforce key topics introduced throughout the course.
A comprehensive final test will be given at the end of the course.
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