After the completion of this course, the student will be able to trade volatility and to perform statistical arbitrage trades exploiting inefficiencies present in the volatility surface. The student will also be able to design systematic strategies for the extraction of Skew and Variance Risk Premium. Finally, the student will have professional level knowledge of options that will map directly into positions at derivative trading desks in any major institution.
Requirements: Completing the Beginners and Intermediate levels. In lieu of this, the student should already have a lot of options experience under his belt in particular with spreads and most of the high-level concepts of options. Even though advanced mathematics is not required, it can be very useful, in particular, the most important thing is not to get scared of seeing equations and charts. Despite the mathematical language, most concepts are explained in plain English and with practical applications.