2 DAYS EXECUTIVE WORKSHOP ON OPTION JOBBING & ARBITRAGE

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1 NSE Management Development Programme Series DAYS EXECUTIVE WORKSHOP ON An initiative under

2 P R O G R A M M E OVERVIEW The main focus of Arbitrage Desk Corporate Training workshop is to provide depth knowledge of Options arbitrage strategies. The main object of arbitrageurs is to find out mispricing in market and then trade to catch that mispricing so that they can make risk free returns from the market. Options are having lot of arbitrage opportunities. The base behind these arbitrage opportunities is that Call, Put and Futures are perfectly correlated with each other. You can discover the price of Call by using price of Future and Put and similarly you can find out the price of Put by using price of Future and Call Option. So now when market moves, it becomes very difficult to handle price of all the three product immediately. So mispricing arises in market which gives arbitrage opportunities to traders. There are few popular Arbitrage Strategies available in market : 1. Put Call Parity / Conversion Reversal / Triangle Spread 2. Box Spread 3. Volatility Spread 4. Butterfly Spread This workshop covers detailed explanation of all these strategies. It is important to understand Options Pricing and Options Greeks before trading extensively in Options. Options Greeks can control your risk in a good manner. This workshop explains how to catch the mispricing from the market watch and how to trade that mispricing. It is very much important to manage that strategy for full maturity as many times adverse movement in Spot Price or rise or fall in Volatility can change pay off dynamically. We use different software to show live market feed during the training so that people can make simulated trades during training. We also use Fin Tester software to analyses past 4 years data of Nifty and trade on that data to get better confidence on Strategies. This workshop is beneficial for organization who want to establish good Arbitrage Desk at their end. 1

3 P r o g r a m C o n t e n t Ÿ What are call & Put Options? Ÿ Option Strategies Ÿ Option Pricing & Option Greeks Ÿ Bullish Strategies? Ÿ Delta Ÿ Bearish Strategies Ÿ Gamma Ÿ Straddle Strategies Ÿ Vega Ÿ Ratio Spread Strategies Ÿ Theta Ÿ Butterfly Strategies Ÿ Rho Ÿ Condor Strategies Ÿ Open Interest Theory Ÿ Calendar Spread Strategies Ÿ Dispersion Theory Ÿ Put Call Parity Ÿ Volatility Sigma Range Ÿ Short Gamma Strategies Ÿ Dispersion Theory Ÿ Volatility Spread Strategies Ÿ Volatility Sigma Range Ÿ Risk Management P R O F I L E O F S P E A K E R Govind I Jhawar CA, CTM Mr. Govind Jhawar has 12 years of experience in the Capital and Derivatives Market. He is a well known icon in the field of Options Training Programme being conducted by him for the past 6 years. He handles the Marketing division of FinIdeas. 2

4 T E S T I M O N I A L S O F A T T E N D E E S BALKRISHNA SAVALIA NSE Initiated MDP workshop on "Advance Option Trading & Strategies" is really helpful to understand concept of Option and its different trading strategies, as per my view anyone who wants to trade in Option must attend this workshop, it will definitely gives value addition in their trading logic. ABHISHEK PATEL The two day Option Trading Programme organized by NSE and conducted by Mr. Govind was a very useful programme for an option trader. After completing this programme I feel much more confident while trading options and adjusting my positions according to market movement. Partha Shah PrimeIdea Ventures This program opened new opportunities of hedging our investors' risk against their investments in MF, ULIPs etc. Thus, we could add a new product line which is comparatively risk free but yielding decent return thereby holistically managing risk of the portfolio. After 13yrs. of my journey in Investment Management industry, I am confident that knowledge received in this program, will help me and my team to add incremental value to our investors. With great sense of delight, I profess that more sessions on this topic must be organized. 3

5 WHO SHOULD ATTEND? The workshop is ideal for Traders, Investors, Brokers, Sub-brokers, Dealers, Fund Managers, Corporate Executives, Financial Intermediaries, Media, Journalist & anyone who wants to learn Algorithm Trading. W O R K S H O P D E T A I L S MANAGEMENT DEVELOPMENT PROGRAM IS A TWO DAY EXECUTIVE WORKSHOP Date: 24th & 25th October, 2015 Time: 10:00 AM to 5:30 PM NSE, 304 & 305GCP Business Centre, Opp. Memnagar Fire Station, Navrangpura, Ahmedabad FEE & REGISTRATION Fees: Rs % Service Tax (Total: Rs.13,680), (Early Bird Registration till 15th-oct Fees: Rs % Service tax - Rs.11400) PAYMENT MODE: DEMAND DRAFT AND ONLINE PAYMENT Account payee demand draft drawn in favour of "NATIONAL STOCK EXCHANGE OF INDIA LIMITED", payable in Ahmedabad, should reach NSE at least seven days before the commencement of the program. FOR ANY FURTHER QUERIES AND FOR ONLINE PAYMENT OPTION PLEASE CONTACT Mr. Soumyajyoti Guha, Mob.: Mobile: Mr. Ankit Sisodia, Mob.: Mobile: sguha@nse.co.in asisodia@nse.co.in Limited Seats 4

6 MDP NOMINATION FORM 2 DAYS EXECUTIVE WORKSHOP ON Step 1. Take a printout of this Nomination Form Step 2. Fill the Nomination Form with the required details Step 3. Make a Demand Draft of Fees: Rs. 12, % Service Tax (Total: Rs. 13,680) payable at Ahmedabad in favour of "National Stock Exchange of India Limited" Step 4. Send the Demand Draft along with completed registration form and Copy of pan card to Mr. Soumyajyoti Guha, Mob.: Mobile: Mr. Ankit Sisodia, Mob.: Mobile: National Stock Exchange of India Limited 304 & 305GCP Business Centre, Opp. Memnagar Fire Station, Navrangpura, Ahmedabad sguha@nse.co.in asisodia@nse.co.in Details Participant Participant Participant Name id Mobile Date of Birth Designation Organisation Years of experience in Stock Market Sponsored by: a) Self b) Company How did you come to know about the program: a) SMS b) c) Facebook d) NSE website e) Friends Correspondence Address:... Pin Code:... Programme Opted For: Date:... Payment Details: Amount (Rs.)... Demand Draft No.... Date of DD... Bank...

7 NATIONAL STOCK EXCHANGE OF INDIA LTD. Exchange Plaza, Plot no-c1, G block, Bandra-Kurla Complex Bandra (E), Mumbai Tel No - (022) cc_nse@nse.co.in Website: