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Derivatives Theory

Options Hedging

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Traders are generally risk-averse. To minimise the risk, the trades are often covered with additional trades in order to hedge the risk. While hedging, traders need to do a risk-reward tradeoff. The hedge reduces the risks, but it also reduces the potential gains. Traders often try to perform a perfect hedge in case an arbitrage opportunity shows up. With a perfect hedge, the hedge is 100% inversely correlated to the asset. This course will cover two types of hedging:

  • Option hedging
    Option traders are exposed to different kinds of risk. These risks will be identified. Examples will be given for hedging using options.
  • ETF hedging
    ETF traders also hedge their trades. Basic ETFs are pretty straightforward and it is easy to explain how ETF traders make use of arbitrage opportunities.

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