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Course 8 · Advanced

Options & Derivatives

From the call-put parity that holds every option chain together, through the Greeks that govern P&L, to the defined-risk structures (verticals, condors, calendars) you can build with them. Volatility surface intuition included.

In tracks:OptionsCFA
Start courseNext: Calls and Puts: The Building Blocks

Modules

4

Lessons

0/4

Hours

12

Curriculum

4 modules · 4 lessons

01
Options Fundamentals

Calls, puts, intrinsic vs. time value, moneyness, and the put-call parity that ties them together.

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02
The Greeks

Delta, Gamma, Theta, Vega, Rho — the partial-derivative sensitivities that drive option P&L.

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03
Defined-Risk Strategies

Verticals, iron condors, calendars — multi-leg structures that bound risk and target specific market views.

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04
Volatility Structures

Implied vs. realized vol, the volatility skew, term structure, and what they reveal about market positioning.

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