Intuition-Based Options Primer for Financial Engineering
Intuition-Based Options Primer for Financial Engineering
Course Details
- Location
- Online
- Length
- 16 weeks
- Times
- Self-paced
- Cost
- $1,250
Overview
The course includes topics directly relevant to quant job interviews as well as to graduate programs in financial engineering. It was created by Prof. Dan Stefanica, a best-selling author and educator in financial engineering, and reflects his experience fostering highly successful careers for the graduates of the Baruch MFE program for over 20 years.
Take the Options Knowledge Quiz to see how you would fare on the job market.
About the Author
Dan Stefanica has been the Director of the Baruch MFE Program since its inception in 2002, and is the author of the best-selling books on financial engineering education and quant interview questions. He teaches graduate courses on numerical methods for financial engineering, as well as pre-program courses on advanced calculus and numerical linear algebra with financial applications. His research spans numerical analysis, graph theory, and geophysical fluid dynamics. He has a PhD in mathematics from New York University and taught previously at the Massachusetts Institute of Technology.
What You'll Learn
- Put-Call parity arbitrage with bid-ask spreads
- Convexity arbitrage
- Options trading strategies
- Greeks dependence on spot price, volatility, maturity: Black-Scholes framework and intuition
- Three variables underlying the Black-Scholes formulas: log moneyness, total standard deviation, present value of the forward price
- Estimating dividend rates from market data using OLS
Interview Questions – Highlights
- Convexity arbitrage
- Bull spreads, bear spreads, butterfly spreads, straddles, strangles
- Return enhancement strategies
- Implementing market views using options strategies
- Greeks and model-independent relationships
- Time value of options
- Greeks dependence on spot price, volatility, maturity
- Implied volatility and options trading strategies
Course Content – Highlights
Sample Videos
Sample Interview Questions
Highlights
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One-on-One Support
Each student is assigned a personal Teaching Assistant who will provide timely personalized feedback on homework as well as provide guidance through course forum.
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Community Support
A dedicated forum is available to discuss homework problems where fellow students and instructors are actively helping one another with questions.
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Intuitive, Comprehensive Structure
This 16-week course consists of five levels where students build their cohesive knowledge upon previously mastered material.
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Great investment
Our graduates overwhelmingly recommend this course for its values, experience and services.
Exam and Certification
The final exam is proctored online by the TA. Upon successful completion of the course, a Certificate of Completion will be awareded to students who pass the final exam and obtain a 70% or higher average. A Certificate of Completion with Distinction will be awarded to students with 90% or higher average.
Reviews
dxtr -
I had a great experience with the course. The graded HWs and the discussion forum were my favourite parts. Professor Rados Radoicic did an amazing job as the TA and grader. I took the course as I wanted to learn about options. I am planning to apply for an MFE and the knowledge gained from the course will be very helpful for my future study and career.
Ziyuan Kong -
"An Intuition-Based Options Primer for Financial Engineering" is a well-designed course that exceeded my expectations in several ways. The TA was particularly responsible and helpful, always available to answer questions and provide guidance. This course not only covered the fundamental concepts of options trading comprehensively but also introduced an alternative way of thinking about options, which broadened my understanding significantly. The curriculum was structured to foster intuitive...
xeusclay
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Taking this course has been an incredible journey, providing me with a solid foundation in option pricing and the mathematical models involved. Despite having no prior knowledge in this area, I found myself captivated by the principles of arbitrage and the various trading strategies that can be employed using options. The course not only highlighted the ingenuity behind these financial instruments but also showcased the excitement of developing strategies that leverage their unique...