a) Derivatives--Meaning and Definition and different types of Derivatives and their Uses

a) Basic Hedging Practices and Introduction to Futures

b) Difference between Forwards and Futures, Basis Risk, Cross Hedging, Rolling Hedge Forward

c) Uses and Application of Futures and Forwards including Index derivatives

a) Option Terminology and Types of Options

b) Options Markets and difference between Options, Futures and Forwards

c) Different Types of Payoff of Option Derivatives

d) Basics of Option Startegies--Covered Call Writing and Protective Put Strategy

a) Basics of Option Pricing and Binomial Model for Pricing of Options

b) Black Scholes Model for Options Pricing

c) Put Call Parity using both Models of Options Pricing

a) Covered Calls, Protective Put, Bull Spread, Bear Spreads (Short and Long with Calls and Puts)

b) Strangle (Short and Long), Straddle (Short and Long), Butterfly Spread (Short and Long), Box Spread

a) Concepts of Delta and Delta Hedging

b) Concepts of Gamma, Vega, Theta, Rho

a) Non-Standard American Options, Forward Start Options

b) Compound Options: Call on a Call, Put on a Call, Call on a Put, Put on a Put

c) Chooser, Barrier and Binary Options

a) Treasury Bill and Treasury Bond Futures

b) Hedging with T-Bills and T-Notes and Eurodollar Derivatives

a) Plain Vanilla Interest Rate Swaps and Exploiting Disequillibrium, Currency Swaps

b) Common Credit Derivatives, Credit Default Swaps, Total Return Swap, Collateralized Debt Obligations

a) Hedging using Greeks Positions, concepts of Position Delta and Position Gamma

b) Delta-Gamma Hedging

c) Discussion On Hedging Policy, Portfolio Insurance