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Introduction to Energy Futures and Options

Course Information

Price£900.00 + VAT
Duration1 day
LocationLondon
Available Dates
March 07, 2025Register Now
October 27, 2025Register Now

Who Should Attend

  • New traders and brokers
  • New entrants to the futures and options markets
  • Support and operations people involved in the energy markets
  • Sales and marketing personnel
  • Individuals working in organisations such as: trading companies, banks, brokers, oil producers, consumers, refiners, distribution companies, government and associated organisations.

Booking Information

Tel: +44 (0) 20 7065 7706

Course Content

Morning Session - Futures

Basic Concepts

  • History of futures
  • Definitions and terminology

The Clearing House and Futures

  • Role of the clearing house
  • Initial and variation margin
  • Collateral

Characteristics and Pricing

  • Profit and loss
  • Rights and Obligations
  • Underlying
  • Basis
  • Contango/Backwardation

Trading and Uses of Futures

  • Hedging
  • Speculation
  • Arbitrage
  • Basic trading strategies

Contract specifications

  • Deliver procedure
  • Settlement and Expiry

Afternoon Session - Options

Basic Concepts

  • History of options
  • Definitions and terminology

Principles of Pricing

  • Profit and loss
  • Rights and obligations
  • Time value and intrinsic value
  • Pricing variables
  • Exercise and abandonment

Contract specifications

  • Trading months and strike prices
  • Settlement and Expiry

Trading and Uses of Options

  • Hedging
  • Performance enhancement
  • Basic options strategies
  • Basic trading strategies

The Clearing House and Options

  • Role of the clearing house
  • Futures and equity style margining
  • Collateral