Module 1
Futures Contracts Traded in India:

• Contract Specification- Index/Stock Future
• Theoretical Model For Future Pricing
• Margin Required To Trade Future
• Mark To Market Calculation
• Future And Forwards

Module 2
Trading in Options

• Introduction to Option Greeks
• Delta/Gama/Vega/Theta
• Moneyness of Options: – ITM/ATM/OTM
• Index option Vs Stock  Future And Options
• Margins for Option contracts- Sellers Vs Buyers

Module 3
Basic Trading Strategies Based on Directional View

• Buying options Vs Selling option
• How to select strike price –ATM/OTM/ITM

Module 4
Depending on View on the Market

• Buying put option or Selling call option
• Pay- off matrix & breakeven for long position and short position in Options
• When and how to create
• Covered Call strategy
• Protective Put strategy

Module 5
Using Options in Volatile Market

• Strike selection for market neutral strategies
• Straddle:
• Strangle

Module 6
Directional Strategies

• Strike selection for directional strategies
• What are spread positions and how to create Spreads-
• Bull call spread- how to create & trade call spreads.
• Bear put spread- how to create & trade put spreads.
• Synthetic positions using options

Module 7
Analysis of Derivative Data  for Futures And Options Trading

• How to read open interest(OI) data For Futures And Options.
• Option Chain Reading And Analytics
• Strike wise analysis of OI and its implication.
• Finding support & support through OI
• Concept of PCR- Put call ratio
• Implied Volatility
• Historical Volatility

Module 8
Market Neutral Strategies
Using option in range bound market

• Iron Condor
• How & when to create & trade Iron Condor
• Butterfly
• How & when to create & trade Butterfly

Instructors: Jyoti Budhia, Karan Joshi
Duration: 20 Sessions of 1 Hr. Each.
Fees: Rs. 50,000/- + GST (including Practice & Hand Holding)