Delta Gamma Vega Theta Rho - FinIdeas of Option Greeks.pdf · change in Spot or Vol ity e ... Delta...

Post on 17-Mar-2018

271 views 10 download

transcript

1

2

Delta Gamma Vega Theta Rho

3

It requires knowledge of Option Greeks to evaluate the impact on Option Price

Option Price

Changes

Spot Changes

Strike Changes

Time to Maturity Changes

Volatility Changes

Rate of Interest Changes

Do you know how price of an option Changes ???

4

5

Actually Risk is only for 127 shares.Position is only 127 shares Long.

6

Option Greeks Thermometerare like a

It shows degree of risk in your portfolio

7

Option Greeks measures the risk of Option Portfolio

Delta

Gamma

Vega

Theta

Rho

8

A trader, who knows Option Greeks can identify the Opportunity in Option Markets very easily

9

Boom

10

We should be in a position to judge the

impact of change in

Spot or Vol

Vo

lati

lity

Sp

ot P

rice

Option Price changes due to change in Spot or Change in Volatility or both

11

Option behaviour is completely different at starting of month, middle of month and end of month

12

Option behaviour is completely different for ATM, OTM and ITM

13

Only option Greeks can tell us the exact behaviour of option during full maturity

14

Playing in long term option requires a must knowledge of option Greeks

15

Option Greeks are like different spicesMake your own dish – suitable to your flavour

Helps you to make combination depending upon your ability to take risk

16

Learn Option Greeks in very simple steps with…

17

Why FinIdeas ?

Experienced Founders

Innovative Research

Options Expertise

Education Edge

Dedicated Development Team

Online Support

One Stop Solution

18

Our Esteemed Clients…

Continue….

19

Our Esteemed Clients…

and many more…

20

Our Certified Webinar Courses…

Basic Options Trader

Enables you to understand the

Options in Depth

Greek Options Trader

Enables you to understand the

Options Volatility and Options Greeks in

Depth

Vol Spread Trader

Enables you to understand the 2nd

Line Greeks and Volatility Spread Strategy in depth

with Practical Session

Proffessional Excellence in Excel

Learn Microsoft Excel's Advanced

Formulas and Macro with Pivot Tables at

your Door Steps.

21

Our Certified Corporate Courses…

Corporate Training -Retail Desk

• Advanced Option Greeks for Retail Broking Desk

Corporate Training -Arbitrage Desk

• Advanced Option Greeks for Arbitrage Desk

Proffessional Excellence in Excel

• Learn MS Excel Advanced Formulas and Macro with Pivot Tables

22

23

Other TheoriesOpen Interest Blunders in Derivatives Market

StrategiesRatio & Calendar Spread Condor & Butterfly Put Call Parity

StrategiesBullish & Bearish Straddle & Strangle Strip & Strap

Formula of SyntheticSynthetic Future Synthetic Call Synthetic Put

Type of OptionsITM ATM OTM

What are Options ?What is Call Option ? What is Put Option ?

What are Derivatives ?

24

Other TheoriesDispersion Theory Volatility Sigma Range

Greek Based StrategiesShort Gamma & Tik Tak Book Building Low Delta and Short Gamma

Greek Based StrategiesPrice Ratio Spread Delta Ratio Spread Theta / Vega Ratio Spread

Greek Based StrategiesDelta Long Short Vega Long Short Theta Long Short

VolatilitySignificance of Volatility Vol Smile & Skew

Option GreeksDelta Gamma Vega Theta Rho

Option Pricing

25

Importance of Hedging through OTM Options

Risk Management SystemFund Management Trading Cost Management

Strategy Testing in Simulated EnvironmentIntraday Vol Graph Past Vol Behavior Greek Effect

HedgingVol Spread Hedging Impact of Open Interest

Volatility Spread StrategyVol Spread Chain Front Spread Back Spread

2nd Line Option Greeks

Volga Vanna

Overview of Options Greeks

26

Other UsesWeb Query Google Doc

Macro

Record Macros Creating and Editing Macros

Analysis Tools

Charts Pivot Tables

Useful Functions

Maths Functions Logical Functions Lookup Functions

How can be excel use ad data managment?

Inserting Data Filtering and sorting Data

What are uses of Excel ?

27

28

Mr. Govind Jhawar [Chartered Accountant, CTM]Mr. Govind Jhawar has 12 years of experience in the Capital andDerivatives Market. He is a well known icon in the field of OptionsTraining Program being conducted by him since past 9 years. Till datemore than 2500 students has been trained by him.

Mr. Udipth Talera [Chartered Accountant (Gold Medalist), CTM & DBF]Mr. Udipth Talera has 9 years of experience in Capital and DerivativesMarket. He possesses acute analytical skills and is a patient trainer. Heensures that his trainee grasps every concept being explained & leaves nostone unturned to achieve the same.

Mr. Navneet Bhatter [Chartered Accountant]Mr. Navneet Bhatter has 7 years of experience in the Capital andDerivatives Market. He is a trader by profession and has experience ofBull and Bear phases of Market.His In-depth understanding of the logics and intricacies of the Optionsenables him to share his knowledge with ease and provide valuableinsight to people.

29

Mr. Yogesh Darji [MBA Finance]Mr.Yogesh Darji is an MBA (Finance) from SRLIM, Surat. His hard workand financial data interpretation skill has played a big role inorganization’s success. He is managing funds in Options strategies andleading the retail desk broking business. He has made few excel based

programs finding opportunities in live market for derivatives strategies.

Mr. Devang Khatri [MBA Finance]Mr.Devang Khatri is an MBA (Finance) from DBIM, Surat and a BE (TT)SCET, Surat. He has very sound experience in the Capital and DerivativesMarket. He is leading the Derivative Research Department. He has mademany Macro enabled excel software directly connected with live datafrom various websites and trading terminals.

30

31

“It was very knowledgeable, Best in India”

Mr. D. K. Aggarwal

Director, SMC Capitals Ltd.

32

“Good communication skills & excellent knowledge.”

Mr. Lalit Aggarwal

Director, SMC Global Securities Ltd.

33

“focused on practical application ofGreeks & strategic. Faculty hasgood grip on Greeks.”

Mr. Hemang Jani

Sr. Vice President, Sharekhan Ltd.

34

“Faculty is very good and is havingin depth understanding of thesubject, excellent communication.

Workshop is very useful forunderstanding Greeks”Mr. Anil Balani

Vice President, Sharekhan Ltd.

35

“Excellent Explanation about greekin common man language. verygood concept about option.

Faculty is great speaker & lovesoption. Complete command overthe subject.”

Mr. Devang Kamdar

Vice President, Sharekhan Ltd.

36

“it was a customized refresher course. Excellent knowledge.”

Mr. Virender Mansukhani

Director, Mansukh Securities & Finance Ltd.

37

“It was the first time I had attended a Webinarand it was a fabulous experience only because offaculty who made sure that we were alwaysinvolved.

The entire experience was memorable and Igained good understanding about options, theirbehavior and how to profit from trading in them.Paper testing of trades on FinTester was thehighlight of the program.

Faculty was excellent and most persistent. Full ofenergy and enthusiasm. He was extremelypassionate about the subject and has goodknowledge. He involved all participants insuccessfully able to make his point and explain theconcept with complete clarity.”

Mr. Dipan Mehta

Director, Axis Equities Pvt. Ltd.

38

“Very Efficient Teaching. Training Sheetsand Tests were very helpful. It has givena new perspective, the way we knowoptions. To summarize –Excellent.”

Mr. K. K. Daga

Director, Millennium Stock Broking Pvt. Ltd.

39

“Amazing! High energy & to the pointdelivery makes all the concept clear &makes us to think rationally & understandthe market behavior / Risk.

A must for every trader of Options to havefuture peril posed by dynamic marketer”

Mr. Sushil Gupta

Sr. Vice President,Fairwealth Securities Ltd.

40

“Very Informative & Practical. Great”

Mr. Puneet Singhania

Director,Master Trust Ltd.

41

“Excellent grasping. Excellent content delivery”

Mr. Gurmeet Singh

Head of BrokingDestimoney Securities Pvt. Ltd.

42

“These were enlightining. Haveadded to my question forknowledge”

Mr. Rajendra Kumar Agarwal

Director, Millennium Stock Broking Pvt. Ltd.

43

“I think Money spent in well. Workshopwas conducted in very nice method andprofessional manner. It appeared like wewere attending actual class. It is a boomfor people like me who live at far offplaces.

Faculty is too good. I think he has madeCA fraternity proud by going so much indetail in options and spreading theknowledge. In his unique style and verySimple ways he makes Greeks look veryIndian. Use of simple terms andlanguage which normal traders usemakes it very interesting.”

Mr. Harish Nagpal

Director, Prabhu Consultants Pvt. Ltd.

44

“It was a practically oriented sessions,previously I have done two classes onderivatives but there was lack of practicalapproach or lack of market approach. Thissession has fulfilled that aspect that is a verymarket or trading oriented approach onoptions. Also, the present market environmentrequires an innovative trading strategy thatwould generate broking as well as generatereturns and also importantly keep money safe.This Session has given all these. Lookingforward for many more workshop on this.

Faculty are very experienced dedicated andresponsive. Made the session interestingthrough out.”

Mr. Birendrakumar Singh

Sr. Technical Analyst, FRR Shares

45

“Excellent experience & I have learnt anew topic in options, very well explainedby both Mr. Jhawar & Mr. Navneet. Itsnew Organization, created by new youngIndian entrepreneurs & I hope they willgive a new shape to option trading inIndia. “Mr. Suneet Lal

Director, MLB Capital Pvt. Ltd.

46

“Excellent way of making the difficult

matter in simple look. Excellent

understanding of subject by faculty.

Excellent Way of teaching. Excellent

Command on subject. Makes the

complex & heavy topic looks simple.

Cant be better.

Very good way to keep in touch &

update traders about current trading

methods in market. Also giving

information about software updates.

Option Greeks & little knowledge of

technical analysis can make you money

minting machine”

Mr. Samir Doshi

Director,Goldmine Financial Services (I) P. Ltd.

47

“The course gives a good understanding ofderivatives market & how to tradeeffectively by utilizing Greeks”

Mr. Vikram Chirimar

Sr. PresidentEureka Stock & Share Broking

Services Ltd.

48

“Conceptual & Practical approach.Interactive training. Sessions on rightpace.”

Mr. Gaurav P. Jalan

Director, Basant Securities Ltd.

49

“The course design was very wellstructural and informative. It was anexcellent experience.”

Mr. Pravin N. Gala

Director, Anupam Stock Broking P. Ltd.

50

“The course gives a good understanding ofderivatives market & how to tradeeffectively by utilizing Greeks”

Mr. Karteek Mohan

C.I.O.Genuine Ventures Inc.

51

“Its very much knowledge gainingprogram & we hope it will increase theprofitability of company & client.Faculty is very energetic, very hardworking & very intelligent”

Mr. Afzal Khan

FairWeath Securities, Rohtak

52

“It is very helpful and good thing tolearn & earn in the stock market infuture with regular practice.

Very much clear about the queriesabout Greeks having goodknowledge and know how to putGreeks in our mind.”

Mr. Amit Kapoor

Fairwealth Securities, Jalandhar

53

Option Calculator FinIdeas Training Software

54

Virtual Class Software Greek Virtual Class Software

55

56

57

58

Our Software Solutions

VolHedgeOnline Options Greeks

Management Tool

FinGraphThink it, Plot it

EasyRMSManage Risk , the Easier way

FinExcelExport to Excel

FinTesterTest your Strategies

FISTFinIdeas System Trader

FinSimulator FinMarketwatch FinBroadcaster

59

For More Information… Contact…

:: Corporate Office ::

Row House No. 1,

Gokul Rajnigandha CHS Ltd,

Dindoshi, Goregaon (E),

Mumbai – 400 063.

Ph: 09320438010

:: Branch Office ::

803, City Center,

Near Sosyo Circle,

Udhana Magdalla Road,

Surat – 395 004.

Ph: 0261 - 3076000

www.finideas.com || info@finideas.com

Mr. Shailesh: 093749 85600Mr. Dharmesh: 093745 86935

60