The options Greeks are a recurrent theme when discussing options trading as they are essential risk measures of an option price. In this presentation, Bill will demystify this complex topic and explain how the Greeks can be used as an additional tool when creating options strategies in your portfolio. In addition, Bill will demonstrate how special consideration should be given to volatility, as it can make—or break—a trade.

After a brief introduction to option spreads, Bill will introduce you to diagonal spreads as an alternative to the covered call writing strategy. The session will provide a fresh approach to one of the most conservative options strategies used by investors. Back spreads will also be discussed as well as how they can be used when expecting a significant move in an already volatile underlying security.

L’achat simultané d’options d’achat et d’options de vente ayant le même titre sous-jacent permet aux investisseurs de tirer avantage de la volatilité du cours du titre sous-jacent, peu importe qu’elle entraîne une hausse ou une baisse du cours. Apprenez quelles conditions de marché sont favorables à l’établissement de ces stratégies et quels prix de levée et dates d’échéance sont préférables.

Les écarts calendaires impliquent une combinaison d’options avec le même prix de levée, mais des échéances différentes. La philosophie derrière les écarts calendaires repose sur l’impact de l’érosion de la valeur-temps qui est plus important sur la valeur des options à échéance rapprochée que celles à échéance plus lointaine. Cette vidéo vous démontra comment cette stratégie peut être mise en place selon vos propres objectifs.

Cette vidéo vous montrera comment mettre en place un écart haussier avec des options d’achat et des options de vente. Apprenez comment les écarts haussiers sur options d’achat (achat et vente d’options d’achat) peuvent vous aider à tirer profit d’une augmentation du cours du titre sous-jacent tout en limitant vos pertes. De même, vous découvrirez également comment les écarts haussiers sur options de vente (achat et vente d’options de vente) peuvent vous aider à générer des revenus additionnels.

This workshop is designed to provide you with an introduction to the futures market in Canada. In addition to drawing a distinction between the options market and the futures market, Patrick will teach you how the S&P/TSX 60 Mini Futures can complement your investing strategy and ultimately refine your portfolio management techniques.

After a review of basic concepts, Joe will guide you into the world of spread strategies. Vertical and time spreads will be discussed along with their risk and reward profiles. Joe will show you the flexible nature of options as he teaches you why and under which particular market forecasts these strategies will be most successful.

In this workshop, Jason will focus on strategies designed to protect your long and short stock positions from adverse movements in the market. This workshop will teach you how options can be used as insurance for your portfolio, similar to a car or home insurance. You will also be presented ways to partially or completely offset the cost associated with these hedging strategies.

Nowadays, many portfolios include investments such as mutual funds, stocks and bonds. However, the variety of asset classes you have at your disposal does not end there. Patrick will show you how options can open a world of new opportunities in today's market conditions. Although it is widely believed that diversification is the only effective way of reducing the risk of a portfolio, Patrick will demonstrate that options can not only serve as another asset class, but most importantly, as a portfolio management tool. Join Patrick in an effort to learn how to adapt to today's market!

After a review of basic concepts, Al will guide you into the world of spread strategies. Vertical and time spreads will be discussed along with their risk and reward profiles. Al will show you the flexible nature of options as he teaches you why and under which particular market forecasts these strategies will be most successful.

Les options sont un outil puissant en période de turbulence. Dans cet atelier, Martin présentera des stratégies d'options destinées à protéger votre portefeuille contre une hausse ou une baisse du marché. Vous apprendrez comment les options peuvent être utilisées comme une assurance pour vos économies et comment vous pouvez réduire le coût de cette assurance avec des stratégies complémentaires.

The purchase of a call and a put option simultaneously on the same underlying security allows the investor to take advantage of a volatile move in share price in either direction. Learn what market conditions favour these strategies and which strike prices and expiration months are most effective for these strategies.

Calendar spreads involve combining options with the same strike prices but different expiries. The philosophy behind calendar spreads is that time erosion will have a greater impact on the value of the near-term option than it will for the far-term option—allowing to profit if this happens. This video will show you how to implement this strategy depending on your objectives.

This video will show you how to implement bullish spreads using calls and puts. Learn how a bullish call spread (combining the purchase and the sale of call options) can help you take advantage of a rise in an underlying stock to a certain degree while limiting the maximum loss. Similar to the bull call spread, you will also learn about the bullish put spread (combining the purchase and the sale of put options) to generate income.

USX options allow investors to trade their views on the U.S. dollar against the Canadian dollar. Learn the contract specifications and trading characteristics of these options while Jason presents you relevant market examples. Whether your objective is to take advantage of a directional move, hedge the currency risk of a portfolio consisting of U.S. securities or offset currency risk as a Canadian company doing business in the U.S., this session will focus on important trading considerations necessary for proper strategy and contract selection.

Options are about risk and reward. To be a successful trader, you must know your goals and risk tolerances. This session will help you consider learning to trade in your own "correct" risk/reward balances – not someone else's. Some of the topics include determining an appropriate time period, taking probability into consideration and remembering your initial forecast. You'll discuss how to actively manage your trades when things are going well—and, when they're not.

Join Richard Croft as he introduces volatility as another arrow in your investing quiver. This session will teach you the importance of understanding sentiment. Traders driven by fear and greed run the gauntlet between excessive optimism and despair, usually making exactly the wrong decision at exactly the wrong time. You will learn to think of implied volatility as another asset class like stocks, bonds and cash. When used properly, Richard will show you that volatility can smooth out the fluctuations in your portfolio. Dare we say it, using volatility to reduce volatility...

Découvrez comment les options USX peuvent être utilisées par les importateurs et exportateurs qui effectuent des opérations commerciales en dollar américain afin de réduire le risque associé aux fluctuations du taux de change.

Cette vidéo est une introduction aux stratégies de base utilisées pour tirer profit de mouvements sur le taux de change. Vous verrez différents exemples pour une prévision à la hausse ou à la baisse du taux de change, ainsi que le profil de risque/rendement associé à chacune de ces stratégies.

Cette vidéo présente diverses stratégies d'options impliquant les options SXO. Vous apprendrez comment utiliser les options SXO pour protéger un portefeuille diversifié et pour tirer avantage de mouvements sur l'indice S&P/TSX 60™.

Cette vidéo introduit le concept de la volatilité et la façon dont elle influence la valeur d'une option. Vous apprendrez les différences entre la volatilité historique et implicite, et comment elles peuvent être interprétées. De plus, vous découvrirez l'importance de la volatilité lors de la négociation d'options.

Cette vidéo présente les objectifs de l'achat d'options de vente. Vous découvrirez comment l'achat d'options de vente peut être utilisé afin de profiter d'une baisse de prix des actions sous-jacentes, pour protéger une position acheteur sur des actions, ou afin de fixer le prix de vente d'un titre.

Cette vidéo présente les objectifs de l'achat d'options d'achat. Vous y découvrirez comment l'achat d'options d'achat peut être utilisé comme une alternative à l'achat d'actions, pour protéger une vente à découvert ou afin de fixer le prix d'un titre en prévision d'un achat éventuel.

Cette vidéo introduit les variables grecques et présente comment elles sont utilisées afin de mesurer la sensibilité du prix de l'option par suite de changements dans ces variables.

Cette vidéo traite des deux composantes de la prime d'une option : valeur-temps et valeur intrinsèque. Voyez aussi la différence entre les options « en jeu », « à parité » et « hors jeu ».

Cette vidéo démolit les mythes liés aux options et propose un survol des avantages tirés de l'utilisation des options d'achat et de vente à l'intérieur d'un portefeuille (protection, revenu et effet de levier).

Learn how USX options can be used to hedge the currency risk associated with a US dollar portfolio. This video will show you how a decrease or increase in the US dollar can affect the portfolio value using various examples.

Learn about the foreign exchange market and currency options. This video will focus on the characteristics of USX options and how to calculate the settlement value at expiration.

Learn about the nature of indices and index options. This video will focus on the S&P/TSX 60™, the characteristics of SXO options and how to calculate the settlement value at expiration.

Learn about the different strategies associated with the sale of put options. This video will teach you how selling put options can help you achieve the following objectives: generate income, profit from range-bound or bullish stocks and to average down the cost base of an existing stock position. This video will also explain how selling put options can be used as a method of entering a stock position.

Learn about the different strategies associated with the sale of call options. This video will teach you how selling call options can help you achieve the following objectives: generate income, profit from range-bound or bearish stocks and hedge the downside risk associated with a stock. This video will also explain how selling call options can be used as a method of exiting a stock position.

Learn about the different components that influence option premiums and the impact of variations of certain components on the value of options.

In this session Richard Croft introduces volatility as another arrow in our investing quiver. This seminar teaches you the importance of understanding sentiment. Traders driven by fear and greed run the gauntlet between excessive optimism and despair, usually making exactly the wrong decision at exactly the wrong time. Richard also teaches you how to think of implied volatility as another asset class like stocks, bonds and cash. Finally, Richard shows you that volatility can smooth out the fluctuations in your portfolio. Dare we say it, using volatility to reduce volatility...

In this session, Patrick discusses options writing. This seminar takes you beyond the conventional covered call methodology. This session shows how options writing can enhance the return and yield of a portfolio. Patrick also explores the rationale behind strike price selection, position repair and lowering your securities average cost base.

Learn the concepts of exercise and assignment of options. This video will also explore the different exercise styles and types of settlement.

In this session, you will learn about foreseeing possible outcomes, understanding your risks versus your rewards and when to utilize long and short options. Bo will also explain when to do nothing and when to double up, or buy more, when stock prices decline as well as how to exit with a long call or put position at or near expiration.

Meet the managers who use Canadian listed derivatives

Themes include:

• Strategy overview
• Fund performance
• Experiences in the Canadian market

A timely update on derivatives market regulation:

• What’s happening in Canada, the United States and abroad
• What it means for Canadian markets and market participants

On-Exchange Index Futures vs. Total Return Swaps

The significant shift of many pension plans towards indexing and the growth of overlay strategies for both hedging and alpha generation has led to an increased demand for synthetic exposure to global equity markets. Total return swaps and on-exchange index futures are the main vehicles through which most participants acquire synthetic exposure to these markets. This presentation will provide an overview of how these fi nancial instruments can be used in this context and their respective advantages and disadvantages.

Meet the managers who allocate funds to alternative strategies

Themes include:

• Benefits of allocating to strategies that use listed derivatives
• Selection and allocation criteria
• Implementation

Meet the managers who allocate funds to alternative strategies

Themes include:

• Benefits of allocating to strategies that use listed derivatives
• Selection and allocation criteria
• Implementation

Primary use for trading equity derivatives: hedging, indexing, alpha generation

• Preference for listed products vs. OTC products
• Biggest hurdle for your organization when it comes to implementing and managing derivatives mandates
• Advantages, disadvantages American dealers have over Canadian dealers
• How can MX (or other exchanges) be more competitive in the future?

Apprenez comment les contrats à terme SXM peuvent être utilisés pour protéger votre portefeuille contre une baisse du marché. Vous y découvrirez l’importance du bêta et comment celui-ci peut aider à déterminer le nombre de contrats à terme nécessaires pour protéger votre portefeuille. Maîtriser l’application de cette stratégie sera démontré à l’aide d’exemples.

Découvrez comment les contrats à terme SXM peuvent être utilisés pour tirer profit de variations dans l’indice S&P/TSX 60. Nous établirons une comparaison entre les contrats à terme SXM et les FNB (fonds négociés en bourse) répliquant un indice boursier, et ce, dans des conditions haussières et baissières. Un survol des avantages des contrats à terme SXM sera également présenté.

This video first defines the concept of arbitrage. Concrete examples are used to show how investors can first identify an arbitrage opportunity and how they can establish a position in order to profit from the arbitrage opportunity using SXM futures.

This video will teach you how SXM futures contracts can be used to trade your directional views on the S&P/TSX 60™ Index. Jason will compare the SXM futures with an index tracking ETF through bullish and bearish examples. A brief overview of the advantages of the SXM futures is also provided.

Learn the dynamics of the Canadian futures market and how the S&P/TSX Composite™ Index Mini Futures can be integrated into a portfolio. This seminar will teach investors how futures can be used to create a leveraged position with a directional view or for portfolio hedging purposes.