training opportunity derivatives ii 11 14 01 11 15 01 offering derivatives ii training course november 14 th 15 th 2 wtc oregon room space limited 25 participants interested attending please let know later monday november 5 th thanks grace x 8321 following people currently signed course leaf harasin mark guzman geir solberg eric linder holden salisbury andrea woodland david frost david guillaume samantha law fredrik eriksson angela cadena course title derivatives ii energy derivatives advanced structures marketing dates wednesday november 14 th advanced preparation required cpe credits accounting consulting services 1 management 1 specialized knowledge applications 12 conclusion course participants able decipher role price curve volatility time determining intrinsic value time value option premium understand dealer trades volatility dynamically hedges option recognize limitations traditional option pricing models applied energy annualize periodic e g monthly volatility vice versa create synthetic puts calls using put call parity exploit mispriced options incorporate volatility term structures smiles skews analyzing deals establish delta neutral hedge option calculate cost changing prices hedge position comprehend relationship gamma actual price volatility consequent implications dealer earnings anticipate irregular changes gamma stress testing option portfolios thereby allowing informed position management interpret aggregated risk management report option portfolio positive negative values delta gamma theta vega rho structure option swap create innovative hedges customers create extendable cancelable fixed price deals embed swaption sale create sub index physical supply user compare merits earnings opportunities among various alternatives available customer seeking reverse existing swap position determine cash value swap terminated end date apply swaps market fixed prices monetize value existing contracts provide cash borrowing needs customer combine market swaps complex structures e g blend extend