The full Derivatives Lab curriculum: nine tracks from the time value of money to rates models, credit and commodities, taught with animated visuals and live models.
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Time value of money, compounding, discounting, returns, volatility, probability and statistics, the building blocks every finance model assumes you know.
Beginner · 10 lessons · Hull Ch. 1-3
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What a derivative is, where contracts trade, how clearing and margin work, and why forwards and futures settle differently.
Beginner · 5 lessons · Hull Ch. 1-2, 5
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Long and short hedges, basis risk, cross-hedging, cost of carry, and how futures are used on indices, FX and rates.
Beginner · 6 lessons · Hull Ch. 3-4
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Zero rates, forward rates, bootstrapping, interest rate swaps, swap valuation and an introduction to XVA.
Intermediate · 6 lessons · Hull Ch. 4, 7
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Calls, puts, payoff diagrams, put-call parity, option bounds, spreads, straddles and binomial trees.
Intermediate · 7 lessons · Hull Ch. 10-13
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Wiener processes, Ito's lemma, lognormality, Black-Scholes-Merton and the Black model for futures options.
Intermediate · 7 lessons · Hull Ch. 14-18
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First and second-order Greeks, implied volatility surfaces, smile dynamics and volatility-as-an-asset-class.
Intermediate · 5 lessons · Hull Ch. 19-23
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Credit risk and default modelling, CDS mechanics, credit indices and correlation, then the taxonomy of exotic options, path-dependent payoffs and static replication.
Advanced · 7 lessons · Hull Ch. 24-28
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Two curve-driven worlds in one track: interest-rate models, short-rate dynamics, no-arbitrage trees, calibration and forward-rate models, with the caps, floors and swaptions they price, and commodity derivatives, from futures curves and convenience yield to seasonality, delivery and energy markets.
Advanced · 10 lessons · Hull Ch. 31-35