CERTIFICATION PROGRAM ON DERIVATIVES PORTFOLIO-DERPO
Instructor: SANJAY SARAF
Validity Period: 180 days
DERPO is a portfolio of derivative securities ( equity, commodity , currency) with varied strategies designed to exploit one anomaly at a time while shielding the strategy from other exposures. Thus a delta gamma neutral portfolio may be constructed to bet on rise in implied volatility. Similarly a skew trading strategy may be implemented to trade on flattening or steepening of the volatility skew while once again being neutral with respect to other Greeks. Such strategies typically are chasing uncorrelated sources of alpha and in doing so, they offer efficient and smart diversification.
Traditionally diversification via combing asset classes and /or securities loosely correlated with each other has been the mainstream of asset management industry( Mutual fund and PMS). However they suffer from the flaw that the entire portfolio so created is having positive beta exposure and falls when market falls…so we do not enjoy diversification benefit when it is most needed.
After spending decades in observing markets both practically and academically via rich financial literature, we have come to recognize that the only solution to this problem lies in DERPO – a portfolio of derivative securities ( equity, commodity , currency) with varied strategies designed to exploit one anomaly at a time while shielding the strategy from other exposures.Thus a delta gamma neutral portfolio may be constructed to bet on rise in implied volatility. Similarly a skew trading strategy may be implemented to trade on flattening or steepening of the volatility skew while once again being neutral with respect to other Greeks. Such strategies typically are chasing uncorrelated sources of alpha and in doing so, they offer efficient and smart diversification. Of course, the concept of DERPO is not at all averse to investing directly in underlying assets like equity or debt but it’s just that we intend to devote less fund towards the same and only where we find that derivatives are not efficiently available and /or there is high conviction based on our factor based models that there would be sound
- We will also add enrolled students to our WhatsApp Trading Group for any kind of doubt resolution related to content while pursuing the course.
- Student will also continue to receive market updates,Trading ideas through this WhatsApp Trading Group on a regular basis.
Students enrolling for this Certification course will be given a “Certificate of Completion” from NSE Academy, facilitated by SSEI Markets, after successful completion of the course.
- Sub Brokers
- Anyone interested to learn about Futures & Options Trading
|WHY FUTURES & OPTIONS|
|MWPL,BAN PERIOD,OPEN INTEREST|
|ITM,ATM,OTM,TIME VALUE,INTRINSIC VALUE|
|3% OTM CALL BUY SELL ,WHY OPTIONS WRITING|
|DELTA IN DETAILS|
|THETA IN DETAILS|
|How to Execute Real Trade Through Trading Platform|
|Excel Linked with Terminal & Auto Trade|
|Basic Options Strategies|
|Intraday Chart Setup for Options Trading|
|How & When to Execute Bull Call Strategy|
|Arbitrage - Pure & Statistical|
|Market Forecast using Derivative Data|
|Options Strategies ( Without Greeks & IV )|
|Options Strategies ( With Greeks & IV )|
|Event Based Trading|
|Expiry Day Trading|
|Trade Adjustment & Skew Trading|
|Two Pillars of Trading Success|