An intensive three-day workshop on trading and managing risk of vanilla equity derivatives. Presented by Alberto Cherubini.

This program provides a solid understanding of modern vanilla equity derivatives and their markets, including best practices and conventions both from a buy side and sell side perspective.

The course will also explore the technical basis of derivatives pricing, hedging and risk management. Delegates will assess volatility and its impact on option pricing and gain a deep understanding of standard models used in the market. The Black-Scholes framework is discussed in depth including extensions, while the last session covers the volatility surface in detail, including trading and risk management of vanilla portfolios.

The course will also explain how to compute probabilities from market option prices, and discuss applications to proprietary trading and simple exotic options.

Beginners in equity derivatives, buy-side equity professionals, sell side junior salespeople, brokers, middle and back office, legal and IT professionals. The course will cover details of market practices and conventions, so it is suited to derivatives professionals from other asset classes considering expanding into equity derivatives.

The first day requires only very basic financial maths including present value of money and the exponential. From the second day, knowledge of calculus (derivatives and integrals) and basic statistics (average, variance, standard deviation) is necessary. Having some Excel experience will enable the attendants to benefit fully from the workshops and exercises.