Equity and Equity Derivatives

Professor: : Hatem Dohni, UBS Group.

Outline:

1. Introduction:

• Introduction to options valuation : no arbitrage principe;
• Different types of derivatives : options , forward, futures , swaps, etc..;
• Applications of financial derivatives.

2. Futures and forward markets:

• Why using forward and futures;
• Futures and forward pricing;
• Organisation of clearing houses.

3. Options markets:

• Plain vanilla options;
• American and European options;
• Black and Scholes pricing models;
• Trading implied volatility: managing Greeks;
• Application : convertible bonds.

4. Options payoffs and option strategies.

5. Application in portfolio management.