Delta Gamma Vega Theta Rho - FinIdeas of Option Greeks.pdf · change in Spot or Vol ity e ... Delta...
Transcript of Delta Gamma Vega Theta Rho - FinIdeas of Option Greeks.pdf · change in Spot or Vol ity e ... Delta...
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Delta Gamma Vega Theta Rho
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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 ???
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Actually Risk is only for 127 shares.Position is only 127 shares Long.
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Option Greeks Thermometerare like a
It shows degree of risk in your portfolio
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Option Greeks measures the risk of Option Portfolio
Delta
Gamma
Vega
Theta
Rho
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A trader, who knows Option Greeks can identify the Opportunity in Option Markets very easily
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Boom
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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
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Option behaviour is completely different at starting of month, middle of month and end of month
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Option behaviour is completely different for ATM, OTM and ITM
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Only option Greeks can tell us the exact behaviour of option during full maturity
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Playing in long term option requires a must knowledge of option Greeks
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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
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Learn Option Greeks in very simple steps with…
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Why FinIdeas ?
Experienced Founders
Innovative Research
Options Expertise
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Our Esteemed Clients…
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Our Esteemed Clients…
and many more…
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Enables you to understand the
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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 ?
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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
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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
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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 ?
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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.
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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.
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“It was very knowledgeable, Best in India”
Mr. D. K. Aggarwal
Director, SMC Capitals Ltd.
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“Good communication skills & excellent knowledge.”
Mr. Lalit Aggarwal
Director, SMC Global Securities Ltd.
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“focused on practical application ofGreeks & strategic. Faculty hasgood grip on Greeks.”
Mr. Hemang Jani
Sr. Vice President, Sharekhan Ltd.
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“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.
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“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.
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“it was a customized refresher course. Excellent knowledge.”
Mr. Virender Mansukhani
Director, Mansukh Securities & Finance Ltd.
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“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.
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“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.
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“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.
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“Very Informative & Practical. Great”
Mr. Puneet Singhania
Director,Master Trust Ltd.
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“Excellent grasping. Excellent content delivery”
Mr. Gurmeet Singh
Head of BrokingDestimoney Securities Pvt. Ltd.
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“These were enlightining. Haveadded to my question forknowledge”
Mr. Rajendra Kumar Agarwal
Director, Millennium Stock Broking Pvt. Ltd.
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“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.
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“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
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“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.
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“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.
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“The course gives a good understanding ofderivatives market & how to tradeeffectively by utilizing Greeks”
Mr. Vikram Chirimar
Sr. PresidentEureka Stock & Share Broking
Services Ltd.
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“Conceptual & Practical approach.Interactive training. Sessions on rightpace.”
Mr. Gaurav P. Jalan
Director, Basant Securities Ltd.
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“The course design was very wellstructural and informative. It was anexcellent experience.”
Mr. Pravin N. Gala
Director, Anupam Stock Broking P. Ltd.
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“The course gives a good understanding ofderivatives market & how to tradeeffectively by utilizing Greeks”
Mr. Karteek Mohan
C.I.O.Genuine Ventures Inc.
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“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
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“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
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