Recorded Seminars

Introduction to Energy & Electricity Options
Recorded Seminar Lesson D106
Register for one or both recorded sessions of this two part seminar
How This Seminar Works
  1. Each seminar session consists of a high quality streamed audio recording combined with Internet-posted and PDF formatted PowerPoint slides. The audio recording includes all questions asked during the original presentation as well as the instructor's response.
  2. After registering for a seminar session, you will be emailed a Web link and password which will enable you to view the online seminar session through your computer's Internet connection. Seminar slides will also be provided in PDF format in case you want to print a copy.
  3. Upon registration, you will receive immediate online access to each seminar session you purchase. Your 48 hour viewing period does not begin until the first time the seminar is accessed. Flexible viewing options are available for groups of 10 or larger. Please call Janice Ohmura at (440) 853-1038 for more information.
  4. After your access time is completed the online session will expire, but the PDF formatted seminar slides will be yours to keep. You can access the online seminar session using one or more computers, but you will need to register the total number of attendees who will view the seminar.
  5. Instructor contact information will be provided to you before you access the seminar. After you have viewed the presentation, questions can be directed to the instructor via email or telephone.

Natural gas, oil and electricity options are powerful tools that can be used to reduce energy price risk, fine-tune your hedging program, and increase your transaction profits.

This clearly explained seminar will show you new ways to make and save money as you learn to view the energy and electricity markets from a completely different perspective. Click Here to Register

What You will Learn - Session #1
  • What energy and electricity options are and why they are so valuable.
  • The meaning of "puts", "calls", "intrinsic value", "time value", "deep out-of-the-money" and other options-related terms.
  • The characteristics of the NYMEX, over-the-counter and physical options markets and how they differ from each other.
  • The difference between American, European and Asian-style options.
  • How NYMEX-traded energy options are bought and sold.
  • Why one should never "early excercise" an American-style NYMEX or physical option.
  • How to hedge price risk with energy options: Price caps, floors & collars.
  • How a buyer can create a price cap using NYMEX call options (An example).
  • The three trade-offs that must be considered when hedging with options.
  • How buyers and sellers can create a "No Cost" price collar (An example).
What You will Learn - Session #2
  • The step-by-step methodology used to calculate annualized, monthly and daily price volatilities.
  • The implications of high energy and electricity price volatility.
  • Why pipeline, generating, storage, and production assets are actually valuable energy options in disguise.
  • The basics of pricing energy options: Why one should not use the Black Scholes model.
  • What Delta, Gamma, Theta, Vega and Rho are.
  • The basic concept of "Delta Hedging".
  • The Put-Call Parity Equation and Synthetic Options.
  • "Box Arbitrage" example using the Put-Call Parity Equation.
  • The payout formulas for common over-the-counter "paper" options.
  • Using over-the-counter options to create a structured transaction (An example).
Your Instructor

John Adamiak is President and Founder of PGS Energy Training and an expert in energy derivatives and electric power markets. Mr. Adamiak is a well-known and highly effective seminar presenter who has over 20 years experience in the natural gas and electric power industries. His background includes 15 years as a seminar instructor, 9 years of energy transaction experience, and 6 years of strategic planning and venture capital activities. John's academic background includes an M.B.A. degree from Carnegie Mellon University.

Who Should Attend this Seminar

These seminar sessions will benefit those organizations and professionals interested in learning the relationship between coal, natural gas and electric power prices and the basics of power generation economics. Energy producers, utilities, banks, law firms, municipals, ISOs, power marketers, industrial companies, and electric generators will gain valuable insights, as will energy and electric power executives, traders, marketers, (sales, purchasing and risk management professionals), accountants, trading support staff, auditors, attorneys, government regulators, rate-making specialists, plant operators, engineers and corporate planners.

Why Choose PGS?

PGS seminars are known for their clear explanations and in-depth content. Register for a PGS program today, and join over 12,000 energy and financial professionals who have already attended one or more of PGS's proven courses. View Past Seminar Attendees

Prerequisites

This seminar has no prerequisites. No advance preparation is required before the seminar.

Registration Fee

Each session is $149 for the first attendee, $75 for the second attendee, and $45 for each attendee thereafter.

Flexible viewing options are available for groups of 10 or more.
Please call Janice Ohmura for details at (440) 853-1038.

Click Here to Register

Payment and Cancellations

Payment can be made by Visa, Master Card, American Express, Diners Club, check or wire transfer. Seminar fees will be charged to your credit card at the time of registration unless other arrangements have been made. Please make checks payable to "PGS Energy Training" 26 Teal Lane HHP · Hilton Head Island, SC 29926. Due to the nature of this pre-recorded product, no refunds are possible, but full credit for one year will be given toward another seminar. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (440) 853-1038.

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