1. Option profiles and structures Payoff profile for ForwardsCalls and PutsSyntheticsTrading options and derivatives – Strategy review 2. Volatility Surfaces Overview: Building implied and local volatility surfaces in Excel Volatility surface, deep out of the money options and lottery tickets.The difference between implied and local volatility – volatility surfacesCreating the volatility surface dataset using implied volatilitiesImplied and Local Volatility Surfaces in Excel – Final steps Forward Implied Volatility in EXCEL 3. Greeks BasicsUnderstanding Option Greeks – IntroductionUnderstanding Option Greeks – Analyzing Delta & GammaUnderstanding Option Greeks – Quick Reference Guide to Delta, Gamma, Vega, Theta & Rho A Closer Look At The GreeksUnderstanding Option Greeks – A second look at Delta and GammaUnder Option Greeks – Introducing GammaDissection of Theta and time premiums for call optionsUnderstanding Option Price Sensitivities – European Put OptionsOption Volatility Greeks-Vega, Volga & VannaUnderstanding Alpha or Gamma RentShadow Gamma Calculation Delta HedgingDelta Hedging Call Options – Building a Monte Carlo simulator in ExcelUnderstanding Greeks – The Delta Hedging Simulation extended for Put OptionsOption Greeks & Delta Hedging – Calculating & Simulating Cash PnLOption Greeks & Delta Hedging – PnL, Implied Volatility & Rho Hedging Higher Order GreeksOption Greeks. Using Solver to hedge Vega Gamma exposureOption Greeks – Building the Excel Solver model for hedging GreeksHedging higher order Greeks - Solver Solution reviewFive steps to hedging Vega and Gamma exposure in EXCELImplied volatility and hedge P&L. Mapping P&L distributionsRebalancing frequency, Implied Volatility & Rho. Dynamic Delta Hedging ApplicationsGamma Correction, Delta Hedging P&L & Rebalancing Frequency Jet Fuel Hedging Case StudiesHow to build a fuel hedging simulation modelFinancial Risk Management MBA Workshop - Fuel Hedging Case - The Case for and against Jet Fuel HedgingJet Fuel Aviation Hedge Case Study – Hedge effectiveness calculationJet (Aviation) Fuel Hedging Case - Shortfall using Monte Carlo - Financial Risk Management CourseChina Aviation Oil (Singapore) Corporation Limited’s Jet Fuel Scandal (2005) – Casestudy Select TopicsDifference between N(d1) and N(d2)Value at Risk for Options & FuturesBlack Scholes Model – Derivation of N(d2)Goldman Interview Q. What is the Third Moment?