SpotGamma Academy
Junior Trader
Senior Trader
Portfolio Manager
Junior Trader
Junior traders execute simple options trades and understand the basic principals of how option premium behaves
LEARN HOW TO:
Analyze call and put options profit profiles
Understand the variables that determine an options price
Differentiate between intrinsic and time value
Read an options chain and compare pricing of different strikes and maturities
Senior Trader
Senior traders convert ideas into positions and quantify risk-reward of options positions by evaluating the impacts of all the Greeks
LEARN HOW TO:
Evaluate each of the key Greeks and their role in risk management
Appreciate the role market-makers have on stock price movement through Delta hedging
Differentiate between realized and implied volatility and the Greeks associated with each
Apply multi-dimensional scenarios to spot price, time, and volatility to project the path of an options value
Portfolio Manager
Portfolio Managers generate original ideas, optimize implementation and manage risk
LEARN HOW TO:
Interpret the shape of the term structure
Understand forward implied volatility and how it applies to VIX futures
Assess volatility skew, why it exists and how it informs you about tail risk in a certain asset
Understand second order Greeks including Vanna and Charm and the impact they have on markets due to dealer positioning
Implement new trading strategies including spreads, ratios and butterflies
Trade volatility and skew via straddles and collars
Identify and trade gamma squeezes before and after the fact
SIZE: 6,9
