The benefit of learning together with your friend is that you keep each other accountable and have meaningful discussions about what you're learning.
Courtlyn
Promotion and Events Specialist
Learn the most advanced derivative tool for mitigating risk and increasing returns
September 28, 2022
6 weeks, online
4-6 hours per week
US$2,600 or get US$260 off with a referral
Our participants tell us that taking this program together with their colleagues helps to share common language and accelerate impact.
We hope you find the same. Special pricing is available for groups.
The benefit of learning together with your friend is that you keep each other accountable and have meaningful discussions about what you're learning.
Courtlyn
Promotion and Events SpecialistBased on the information you provided, your team is eligible for a special discount, for Options Strategy starting on September 28, 2022 .
We’ve sent you an email with enrollment next steps. If you’re ready to enroll now, click the button below.
Have questions? Email us at group-enrollments@emeritus.org.Options trading has experienced a substantial increase in popularity, with the number of trades surging by 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 program gives investors and finance professionals a deep understanding of options, including how to incorporate financial instruments in an overall investment strategy.
In 2021, a record 39 million options contracts traded daily, an increase of 35 percent over 2020.
(Source: Options Clearing Corporation )
After participating in this program, you will be able to:
Following a high-level overview of derivatives in general, you will explore how and why investors trade options.
Delve deep into the mechanics and contract features of options, and examine the inherent leverage these products offer.
Understand how put options insure against market crashes, illustrated by an examination of how puts functioned during the 2008 financial crisis and during the COVID-19 pandemic in 2020.
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.
Armed with valuation tools, you will embark on a detailed study of volatility — the main determinant of option prices. This module explores 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.
Through the lens of historical data and events, you will benefit from our faculty’s deep research and direct experience with market-defining events, giving you a front row seat to theory meeting practice.
Following a high-level overview of derivatives in general, you will explore how and why investors trade options.
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.
Delve deep into the mechanics and contract features of options, and examine the inherent leverage these products offer.
Armed with valuation tools, you will embark on a detailed study of volatility — the main determinant of option prices. This module explores 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.
Understand how put options insure against market crashes, illustrated by an examination of how puts functioned during the 2008 financial crisis and during the COVID-19 pandemic in 2020.
Through the lens of historical data and events, you will benefit from our faculty’s deep research and direct experience with market-defining events, giving you a front row seat to theory meeting practice.
For full details of the curriculum, please download the brochure.
Mid- to senior-level institutional investors seeking to deepen their understanding of options and overall 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.
Live office hours with Q&A
Peer learning and feedback
Real-world option valuation exercises
Weekly assignments
Knowledge checks and discussion forums
Mobile learning app
Dedicated program support team
Michael Johannes
Ann F. Kaplan Professor of Finance, Columbia Business School
Professor Johannes joined the faculty at Columbia in 2005. He holds a PhD and an MA in Economics from the University of Chicago. He strives to understand financial markets with a particular focus on market crises, crashes, and volatility. His research analyzes the empirical content of fixed-income and derivative securities pricing models.
These topics are generally viewed through options markets — markets that provide a unique view into how these risks are priced by options and how these risks can be managed by trading options.
In addition to teaching and researching at Columbia Business School, Professor Johannes has also spent significant time working in the financial industry for banks and hedge funds that actively trade in options and derivatives markets.
Upon completion of this program, you will receive a certificate of participation from Columbia Business School Executive Education — a powerful testament to your management capabilities.
Download BrochureFlexible payment options available.