Options Strategy (Online)

Options trading has experienced a substantial increase in popularity, with the number of trades surging 35 percent in 2021 compared to previous years. In the United States alone, brokerages received US$2.4 billion in payment for order flow (PFOF) for options and only US$1.3 billion for equities. Despite this rapid growth, there exists a considerable gap in knowledge and understanding of the potential to use these instruments for responsible risk mitigation and profit maximization.

Designed by expert finance faculty at Columbia Business School Executive Education, the Options Strategy (Online) program gives investors and finance professionals a deep understanding of options, including how to incorporate financial instruments into an overall investment strategy.

Please contact our partners at Emeritus at [email protected] , +1 315-982-5094, or +1 315-277-2746 for a personal conversation about this program and how it may benefit you.

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Introduction to Options

Following a high-level overview of derivatives in general, explore how and why investors trade options.

Understanding Call Options

Delve deep into the mechanics and contract features of call options and examine the inherent leverage these products offer.

Portfolios with Options and Portfolios of Options

Understand how put options insure against market crashes, illustrated by an examination of how puts functioned during the 2008 financial crisis and the COVID-19 pandemic in 2020.

Understanding Options Valuation

Develop a deep understanding of how to determine the value of options using the Black-Scholes model as well as a simplified version known as the binomial model.

Volatility and the VIX Index

Armed with valuation tools, embark on a detailed study of volatility — the main determinant of option prices. Explore how a range of different options are priced in the real-world market including index options, options on individual stocks, and options on bonds and crude oil.

Options in the Real World

Get a front row seat to theory meeting practice from our faculty’s deep research and direct experience with market-defining acts through the lens of historical data and events.

Mid- to senior-level institutional investors seeking to deepen their understanding of options and learn how to incorporate this knowledge into their portfolio strategies.

Financial professionals who are changing roles or seeking to expand their skillset to include more advanced investment strategies.

Individual investors seeking to manage risk, improve returns, and make more informed decisions for their personal portfolios.

Note: Basic knowledge of financial markets, financial terminology, and Microsoft Excel are recommended to obtain maximum benefits.