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Study-Unit Description
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CODE BKF4181

 
TITLE Trading Futures and Options

 
LEVEL 04 - Years 4, 5 in Modular UG or PG Cert Course

 
ECTS CREDITS 4

 
DEPARTMENT Banking and Finance

 
DESCRIPTION This is an advanced study-unit consisting of lectures and tutorials structured to give students hands on and a practical approach to trading futures and options. Students will be taught trading strategies similar to those utilized by professional traders and hedge fund managers.

This study-unit will cover trading tactics used by professional traders, including directional option trading, delta neutral positioning, shorting volatility, trading system design, risk and money management principals, the psychology of trading, and portfolio management. The first part of the unit examines real world futures trading issues: the various markets (FX, commodities, equity indices and interest rate contracts), the strengths and weakness of technical, fundamental and sentiment analysis, inter-market spread trading, and other trading strategies.

The second part of the unit focuses on advanced option trading themes. In particular, we will look at a myriad of option trading strategies, the Greeks, and the management of an options trading book. Students will also be put into teams of 4, and will be taught to manage a fictitious trading account - similar to a Wall Street proprietary traders role.

Teams will be given position and draw down limits along with other trading guidelines, which must be adhered to.

The teams will trade futures and option in a real-time, trading account and their performance over the 4 month course will be measured based on their respective Sharpe ratios. Teams will be required to create, articulate, and support their trading and risk management strategies on a weekly basis.

Reading List:

- Option Volatilty and Pricing: Advanced Trading Strategies and Techniques – Sheldon Natenburg.
- The Encyclopaedia of Trading Strategies – Jeffrey Owen Katz PHD.

 
STUDY-UNIT TYPE Lecture

 
METHOD OF ASSESSMENT
Assessment Component/s Resit Availability Weighting
Project No 40%
Examination (2 Hours) Yes 60%

 
LECTURER/S Michel Said

 
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
It should be noted that all the information in the study-unit description above applies to the academic year 2017/8, if study-unit is available during this academic year, and may be subject to change in subsequent years.
Calendar
Notices
Semester 1 Time-table 2017/8 - Day Courses
Time-tables for Day Courses for the Academic Year 2017/18 - Semester 1
Semester 1 Time-table 2017/18 - Evening Courses
Time-tables for Evening Courses for the Academic Year 2017/18 - Semester 1
JAYE 2017-2018
Gain the Real Business Experience!
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Half Day Seminar

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Wednesday 18th October 2017, 1600hrs - 1930hrs

Venue: Lecture Theatre 2 (LT2)

Ethics Forms & Guidelines
All students are to fill in these forms and hand in to their respective departmental Secretary. 
 
 

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