About this course
This course provides a comprehensive introduction to options on oil futures, covering the theory, pricing, and real-world application of financial options in commodity markets.
Beginning with the fundamentals of how options work as instruments of insurance and leverage, learners progress through payoff structures, the mechanics of calls and puts, and key option combinations including collars, spreads, and straddles. The course then builds into pricing theory, covering intrinsic and time value, the Black-76 model, and the option Greeks (delta, gamma, theta, vega), with a focus on how these are applied in portfolio risk management and hedging.