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Executives with responsibilities in the commercial, financial, treasury, control, logistics, production and legal areas, traders operating the derivative markets, controllers and auditors who need to know in depth the protection mechanisms in the market, risk managers, creditors, investors, business advisors, journalists covering commodity markets, undergraduate students, graduate students, MBAs and other interested people.
IMPORTANT: THE COURSE WILL HAVE GREATER ADVANCE FOR THOSE WITH BASIC MARKET KNOWLEDGE. MORE THAN 50% OF PARTICIPANTS HAVE EXECUTIVE CHARGE
R$ 4,300 for registrations paid until 02.28.2020; R$ 4,400 for registrations paid until 03.20.2020.
And includes: + certificate + morning and afternoon coffee + lunch + parking
Important notes:
– 2 or more registrations with the same CNPJ have a discount of 5%;
– Archer’s consulting clients have differentiated value;
– Companies with CNPJ in which the registration in the local city hall (CPOM – Registry of Service Provider in Another Municipality), for non-retention of the ISS, must be informed in advance and add 5.26% in the value of the registration, if it retains the ISS, so that there is no payment in duplicate thereof.
Unpaid registrations do not guarantee vacancy.
Two or more registrations with the same CNPJ will receive a 2% discount;
Archer (Consulting) customers have a discount of 5%;
Companies with CNPJ of Rio de Janeiro, add 5.26% to the value of the registration.
Do not forget to bring your financial calculator or notebook.
NOTE: BY TREATING A COURSE THROUGH ACCESSION, THE SAME COULD NOT OCCUR WHEN THERE IS NO SUFFICIENT QUORUM.
Concept
History of derivatives
Term contracts
Comparing the physical market and the future
How the Stock Market Works
Future
Standardization
Daily Adjustment
Margins
Cost and freight
Inverted market
Expectations and their effects on price
Spreads
Arbitration
Types of hedge
Concept
Factors Affecting Basis
Relationship between the physical market and the future market (convergence)
Definitions and Terminology
Review of the basics
Types of operation: buying and selling
Intrinsic value and extrinsic value
Styles: American and European
Types of options: no-money | inside-the-money | out-of-money
Variables that affect the option price
Effect of volatility on the option price
Reviewing Black & Scholes
Model failures
Normal distribution
Model and real world
Using the Binomial Method to Pricing Options
Application of options
The Greeks: Delta, Gamma, Vega and Theta
Implicit and historical volatility
Different volatilities between in-money and out-of-money options
Neutral delta
Adjusting the position in the Delta
Simulations
Comparing futures and options
Combining direction and volatility to form a winning strategy
Relationship between time and volatility
Other risks
Check values, availability and dates.
I'm interested
Arnaldo Luiz Corrêa e Carlos Raíces
Editora Globo. 2ª. Edição, 2010.
