Energy fundamentals future option trading

Energy fundamentals future option trading

Author: klf501 Date of post: 24.05.2017

This proven program is for professionals who are looking for a comprehensive and clearly explained understanding of natural gas, oil and electricity financial instruments, the markets they trade in, and how these powerful tools can be used to manage risk and structure profitable transactions. Click here to register. John Adamiak John Adamiak is President and Founder of PGS Energy Training and an expert in energy derivatives and electric power markets.

Adamiak is a well-known and highly effective seminar presenter who has over 20 years experience in the natural gas and electric power industries. His background includes 15 years as a seminar instructor, 9 years of energy transaction experience, and 6 years of strategic planning and venture capital activities.

John's academic background includes an M.

This fundamental level group live seminar has no prerequisites. No advance preparation is required before the seminar. This fundamental course begins with basic material and then proceeds to the intermediate level.

PGS seminars are known for their clear explanations and in-depth content. Register for a PGS class today, and join the over 10, energy professionals who have already attended one of PGS's proven programs. View Past Seminar Attendees. Payment is due prior to the start of the seminar by Visa, Master Card, American Express, Diners Club, or corporate check. Seminar fees will be charged to your credit card at the time of registration unless other arrangements have been made.

Cancellations can be made up to five 5 business days prior to the start of the seminar for a full refund. This one year seminar credit is good for any PGS Energy Training program except for seminars offered by PGS affiliate organizations. Colleague substitutions may be made at any time. If PGS needs to cancel a seminar due to instructor unavailability, lack of attendance or other unforeseen reason, you will be offered the choice of rescheduling for another seminar, a seminar credit, or a refund.

For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at No refunds will be made thereafter, but full credit will be given toward future workshops.

Substitutions may be made at any time. PGS will not be responsible for any airline, hotel or other fees in such situations. This live group seminar is eligible for Be aware that state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. As of January 1, , sponsored learning activities are measured by program length, with one minute period equal to one CPE credit. One-half CPE credit increments equal to 25 minutes are permitted after the first credit has been earned in a given learning activity.

You may want to verify that the state board from which your participants will be receiving credit accept one-half credits.

PGS Energy Training is registered with the National Association of State Boards of Accountancy NASBA as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

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State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: CPAs interested in attending any seminars should contact our offices for details on CPE credits granted and any prerequisite requirements.

PGS telephone seminars are eligible for CPE credits only if seminar participants use the printed seminar slides - not the Internet posted slides. PGS Energy Training is registered with GARP as an Approved Provider of Continuing Professional Development CPD credits.

If you are a Certified FRM or ERP, please record this activity in your Credit Tracker at http: The Global Association of Risk Professionals GARP is a not-for-profit membership association dedicated to preparing professionals and organizations for making better-informed risk decisions. GARP administers the Financial Risk Manager FRM and Energy Risk Professional ERP Exams — certifications recognized by risk professionals worldwide.

Your Instructor - New York, San Francisco, Houston. Because of the diversity of hotels found in the area, PGS Energy Training will not be holding a block of sleeping rooms with one particular hotel. Should you need a list of local hotels in the area, please contact us at and we can help you with your accommodations.

View Seminar Location Website. Please call and ask for the "PGS Energy Training" block. Special rate ends July 8, Book early, rooms go quickly.

Please call and ask for the PGS discount. There are a limited number of rooms so please call early. Rooms sell out so make your reservation early. Register soon to get Early Bird pricing. A limited number of Early Bird seats are available.

energy fundamentals future option trading

Special pricing is available for groups of 5 or more. Please call Janice Ohmura at Click to Register Online Click to Register by Fax or Mail. What You Will Learn How to use futures contracts, options, swaps, trigger deals and EFPs to protect your company from natural gas, oil and electricity price risk. How physical and cash settled futures contracts, over-the-counter energy swaps, and physical forward contracts are traded.

How buyers and sellers can use natural gas futures and options to create price hedges, price caps, price floors, and "no-cost" collars to manage both natural gas and electricity price risk. What basis risk is and how basis and delivery risk can destroy your hedging program.

How to structure profitable energy and electric power transactions without exposure to price risk, and what "trading around assets" means. A summary of industry clearing procedures and deal contract language. The difference between brokers, traders, dealers, market-makers, marketers and wholesale energy merchants. Why most energy and power traders prefer to execute hub-referenced transactions instead of doing point-to-point deals. How electricity futures and derivatives are impacting the forward electric power markets.

You Will Also Learn How basis trading, volatility trading, structured transactions and EFPs work, and how over-the-counter energy dealers make markets. How heat-rate-linked power transactions can effectively convert natural gas futures, options, swaps and other financial instruments into electric power derivatives. The Master Energy Trading Equation and why trading energy is different from trading financial products and other commodities. The basics of energy and electricity options, the implications of high energy price volatility, and why energy and electric power assets are really options in disguise.

How to hedge energy price risk with NYMEX options contracts.

How to calculate annualized volatility, the fundamentals of pricing options and why the Black Scholes model doesn't work for pricing energy and electricity options. The put-call option parity equation, synthetic option positions, and how to delta hedge. Liquidity risk, funding risk, credit risk and a brief discussion of Mark-to-Market accounting.

What futures contracts are, and why and how they evolved. How physically-settled energy futures contracts are traded on both the NYMEX trading floor and electronically through the new NYMEX CME Globex platform.

How cash-settled energy futures contracts are electronically traded on the ICE Futures Exchange and why the crude oil futures contract has been wildly successful. Futures-related account maintenance, margin deposits, clearing and cash management issues. How buyers and sellers hedge natural gas price risk with NYMEX futures contracts. How to hedge electricity price risk with NYMEX natural gas futures contracts. What basis is, and what the different types of price spreads are.

What basis risk is, and how it can destroy your futures hedge. How traders "basis trade" and why it works.

energy fundamentals future option trading

Day Two The fundamentals of fixed-for-floating swaps, basis swaps, exchange indexed swaps, and contracts-for-differences. How over-the-counter dealers and institutional energy brokers operate. How electronic marketplaces such as ICE and NYMEX's Clearport Services work, how an Internet marketplace differs from an Internet futures exchange, who the CFTC and the United Kingdom's FSA regulates, and why these issues are important. The difference between financial and physical basis "fin" and phys".

Why so many industry participants use trigger deals. What EFP's are, and how and why this powerful tool is used by sophisticated traders. How the wholesale energy trading equation is defined, and what its implications are.

How this equation underlies the structure of energy trading books. The difference between exchange-traded, over-the-counter and physical energy options.

energy fundamentals future option trading

What American, European and Asian style options are. How to create price caps and collars with exchange-traded options. How to calculate annualized volatility and why the BSM does not accurately price energy and electricity options.

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What the option Greeks are, and the basic concept of delta hedging. How to buy and sell volatility. Two examples of structured energy transactions. Your Instructor - New York, San Francisco, Houston John Adamiak John Adamiak is President and Founder of PGS Energy Training and an expert in energy derivatives and electric power markets.

Prerequisites and Advance Preparation This fundamental level group live seminar has no prerequisites. Program Level Basic level. View Past Seminar Attendees Hotel and Seminar Information This two-day seminar will be held at the hotels listed below or can be conducted on-site at your facilities.

The seminar will start promptly at 8: On the second day, the seminar will resume at 8: Attendees also receive a professionally produced seminar manual of over slides that can serve as a valuable office reference.

Registration Fee and Discounts Register Today!.

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