Option Learning in Mumbai

#1
Hello,

I am Hardik Shah. I want to learn the option trading. If anyone can guide me any good institute / classes in Mumbai where I can learn option trading.


Thanks a lot..!!
Hardik Shah
 

DSM

Well-Known Member
#3
Check this course conducted by BSE :

Check their website for more details, as unable to post link.

OBJECTIVES


This programme has been designed primarily from the trading perspective. It is meant for practitioners and participants who have prior knowledge of the basic functioning of the derivatives instruments. Participants who have gone through the BSE Basic Program on Derivatives are also eligible for this Programme.

This program broadly covers Futures and Options. It starts with a quick orientation of the basics and moves to simulated strategies and actual derivatives technicals on volatility and greeks.

The endeavor is to give the participants an insight into the market dynamics and equipping him with the knowledge to price his derivative securities. This skill enables identification of arbitrage opportunities and obtain an expression to the trading view. The Program equips the participants with a series of combination strategies keeping a tab on the implementation costs.

Derivatives fulfill the market need for risk management. The Program also illustrates hedging strategies in lucid detail taking actual cues from experts who consult fund managers regarding hedging effectiveness of their portfolios.


PROGRAMME CONTENTS

Day - 1

Basics: Futures Product Specifications, Open Interest, Mark-to-Market, Margining
Other Derivatives: Interest Rate Futures, Swaps, and FRAs
Options: Option Basics: Concept, Time Decay; Strike prices Basic Put-Call strategies

Strategy: Futures: Stock and Index Futures, Basket - Pair Trading, Basis Trading

Synthetics: Synthetic Call and Put strategies, Synthetic Futures Strategies

Strategy: Spread Strategies; Exotic Strategies; Covered Call Strategies

Day - 2

Pricing: Futures Pricing: Cost of Carry, Expectation Hypothesis, Fair Value Pricing,
Option Pricing: How to leverage it for derivatives trading, Put-Call Parity, American and European Options Pricing, Dividend and non-Dividend Paying Stocks

Arbitrage and Hedging: Futures - Futures and Cash - Futures; Options Arbitrage
Hedging: Types of Risk: Basis Risk, Systematic and Unsystematic Risk Utilities of a Hedge for Mutual Funds Cross Hedging; Protective Put, Fencing Strategies, Portfolio Hedging Strategies, Tailing the Hedge - Case - Live Portfolio

Strategy - Greeks: Delta Neutral strategies, Delta - Gamma neutrality, Delta v/s Time; Delta v/s Volatility; Gamma v/s Time and Volatility, Vega, Theta and Rho; Volatility Trading Strategies.

Forecasting using Options and Futures: Put - Call Ratio; Volatility Forecasting
Futures: Forecasting Strategies: Open Interest - Volume and Price Patterns, Volatility Index

Participants attending the entire course shall be eligible to receive Participation Certificate from the BSE Training Institute.

TARGET AUDIENCE

Brokers, Sub- Brokers, Dealers, Traders, Derivatives Research and Sales Teams, Foreign Institutional Investors, Financial Institutions, Fund Managers, Corporates, Equity Analysts, Practising Professionals, High Net worth Investors, Bankers.

DURATION & TIMINGS

2 days
9.30 am to 5.30 pm


FEES

Rs. 6,300.00 + 10.30% (Service Tax + Education Cess) per participant inclusive of course material, tuition fees, snacks and lunch.


PROGRAMME COORDINATOR

Nadeem Alam

For further details regarding contents, Contact:

Phone: 022 - 2272 8303, 6136 3155
E-mail: [email protected]

Hello,

I am Hardik Shah. I want to learn the option trading. If anyone can guide me any good institute / classes in Mumbai where I can learn option trading.


Thanks a lot..!!
Hardik Shah
 

bunti_k23

Well-Known Member
#5
Learn options from anywhere in the world,
http://www.traderji.com/options/95260-new-tj-3.html


These are the best threads from traderji forum itself, recommended by dan .

And if ur looking for paid only then take a look at finideas.com they also provide their sw for options .
 

DSM

Well-Known Member
#6
Frankly, if you can spend enough time online, you can learn everything there is to learn about options. 8 hours a day for 20 days or less you can be proficient in the theory aspect. Practical is a different mater. Like learning to fly a plane in a simulator as compared to flying one alone in real life. In my view, if you will not be learning anything more by going to private institutes than what you can learn online. Even on TJ you can follow the post of Dan / Somantun to learn options. And I suggest, spending money by attending classes can be better utilised in buying some options! Just my view.

Hi DSM,

Thanks for your response. Any other private institute / classes in Mumbai?

Thanks..!!
Hardik Shah
 

manishchan

Well-Known Member
#7
Hello,

I am Hardik Shah. I want to learn the option trading. If anyone can guide me any good institute / classes in Mumbai where I can learn option trading.


Thanks a lot..!!
Hardik Shah
Frankly, if you can spend enough time online, you can learn everything there is to learn about options. 8 hours a day for 20 days or less you can be proficient in the theory aspect. Practical is a different mater. Like learning to fly a plane in a simulator as compared to flying one alone in real life. In my view, if you will not be learning anything more by going to private institutes than what you can learn online. Even on TJ you can follow the post of Dan / Somantun to learn options. And I suggest, spending money by attending classes can be better utilised in buying some options! Just my view.

Nice suggestion by DSM and Bunti. Trust me.... private institute or mentor will always try to lure you by showing big profits made by their own systems and they will try to sell dt to you. Unless.. you know someone personally or someone you can totally trust !!

If you want to learn honestly, heck lotta materials are avaialble online. Goolge it .. youtube it !! But you have to spend time and take the steps slowly. If you think you learn better if you hv mentor.. then go for the programmes as suggested by DSM since dt is in Mumbai.

BTW.. you should always know one thing.. no matter how much you learn and understand the trading. Actual trading is much tougher than it looks from outside or in the course taught anywhere :)

All the best !!
 
Last edited:

healthraj

Well-Known Member
#8
I have once attended a two day program from ICICIDirect on Futures and Options. Honestly it was a waste of time and money.

Today we go to Google for everything. So internet and books will be a good source to Learn and you can Learn at your own pace. And nobody is going to teach any secret to trading. They can only teach you what is already found in the internet.

When you read books do not get overwhelmed by a lot of strategies.

Just Google for the following concepts
- Options Chain - how to read and understand the Options Chain. Most of the data is in there
- Historic Volatility - HV - of the underlying Instrument or Futures. Will help you decide on whether to Buy or SELL Options
- Implied Volatility - IV - (Ideally you will compare IV and HV)
- Basics of Call , Put
- How Options are Priced (Parameters used for pricing) - This should cover all the Options Greeks, Alpha, Beta, Theta, Gamma and what not...
- Naked Options Trading - simple Call and Put
- Basic strategies for Bull, Bear and FLAT markets - Learn at least two strategies - Involving Credit and/or Debit Spreads.
 

DSM

Well-Known Member
#9
And missed pointing that out. Follow the thread of Healthraj Bro. You will learn a lot about options by just following his thread, and also it will save you the bundle you would have spent on fees.


I have once attended a two day program from ICICIDirect on Futures and Options. Honestly it was a waste of time and money.

Today we go to Google for everything. So internet and books will be a good source to Learn and you can Learn at your own pace. And nobody is going to teach any secret to trading. They can only teach you what is already found in the internet.

When you read books do not get overwhelmed by a lot of strategies.

Just Google for the following concepts
- Options Chain - how to read and understand the Options Chain. Most of the data is in there
- Historic Volatility - HV - of the underlying Instrument or Futures. Will help you decide on whether to Buy or SELL Options
- Implied Volatility - IV - (Ideally you will compare IV and HV)
- Basics of Call , Put
- How Options are Priced (Parameters used for pricing) - This should cover all the Options Greeks, Alpha, Beta, Theta, Gamma and what not...
- Naked Options Trading - simple Call and Put
- Basic strategies for Bull, Bear and FLAT markets - Learn at least two strategies - Involving Credit and/or Debit Spreads.
 

gmt900

Well-Known Member
#10
Dear Hardik,

I agree with the views expressed by most of the members above. Once you learn theory, which you can do by going thr' relevant threads in Traderji, what really would matter is EXPERIENCE. I, for one, have spent two years gaining experience of ACTUAL trading.

It's like studying for professional course like engineering or medicine. Several students attend the same course but their success as professionals depends on their experience apart from aptitude, devotion and such other aspects.

I must add that whatever success I have achieved as trader is thanks to Traderji.

Finally, as they say trading psychology, money managemant are more important than the knowledge of theory. And this skill has to be developed
only by YOU.

Wish you successful trading.
 

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