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Board of Governors of the Federal Reserve System
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Board of Governors of the Federal Reserve System

International Training & Assistance (ITA)
for Bank Supervisors

The Options InstituteOther Agency Courses

Length

Three days. This course will be held from 8:30 a.m. to 5 p.m. on Monday and Tuesday, and from 8:30 a.m. to 2:45 p.m. on Wednesday.

Cost

The cost is $1,075 per attendee. All participants taking this program are expected to make payment directly to the Chicago Board Options Exchange (CBOE) with a credit card upon arrival.

Location

The Options Institute is located within CBOE on LaSalle and Van Buren Streets, in Chicago, Illinois.

Instructors

The faculty consists of traders and members of the financial and academic communities.

Course Objectives

The Options Institute is the educational unit within CBOE that offers a 3-day seminar on how to use options for risk management. The seminar explains the role of options in modern portfolio management. The curriculum combines lectures, discussions, strategy workshops, and trading floor experience.

Day 1: The first day of the program covers essential options concepts, options pricing theory, and options mechanics. In addition, the role of the Options Clearing Corporation is discussed. Also, options strategies for risk management are discussed as well as the role of market makers.

Day 2: During the second day, the program covers futures pricing and hedging strategies. Also, index options and foreign currency options are discussed. Participants are introduced to options strategies under simulated market conditions.

Day 3: The final day covers regulatory structure and managing risk using interest rate derivatives, as well as a visit to the trading floor. Participants view the trading floor from inside the trading pit and have the opportunity to ask questions of brokers on the trading floor.

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Last update: February 7, 2014