Array
(
    [id] => 29
    [parent_id] => 
    [topic_id] => 3
    [topic_name] => Energy Hedging, Transactions, & Commodity Markets
    [topic_name_short] => Hedging & Trading
    [code] => D1015
    [sort] => 5
    [title] => Introduction to Energy & Electricity Options
    [format] => 
    [posted] => 1
    [status] => active
    [num_sessions] => 1
    [date_live] => 2019-08-14
    [date_ondemand] => 2019-08-21
    [timezone] => U.S. EDT
    [is_live] => 1
    [is_ondemand] => 1
    [ondemand_ready] => 0
    [instructor_id] => 1
    [instructor_name] => John Adamiak
    [instructor_title] => President PGS Energy
    [instructor_description] => 

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.

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

This clearly explained seminar will provide you with a fundamental understanding of the concepts and terminology of these powerful tools and will help you learn to view the energy and electricity markets from a completely new perspective.

This proven online seminar features the same material used in the popular PGS in-person classroom training program. Register today and join the over 10,000 energy professionals who have already benefited from an in-depth PGS seminar.

[learn] =>
  1. What energy and electricity options are and why they are so valuable.
  2. The meaning of "puts", "calls", "intrinsic value", "time value", "deep out-of-the-money" and other options-related terms.
  3. Why capacity payments, demand charges, and reservation charges are just another name for option premiums.
  4. The characteristics of the CME-NYMEX, over-the-counter, and physical options markets and how they differ from each other.
  5. The difference between American, European and Asian-style options.
  6. How CME-NYMEX-traded energy options are bought and sold.
  7. Why one should never "early exercise" an American-style CME-NYMEX or physical option.
  8. A basic overview of how to price energy options and some of the available resources.
  9. How to hedge price risk with energy option by creating price caps, floors & collars.
  10. How a buyer can create a price cap using CME-NYMEX call options (An example).
  11. The three trade-offs that must be considered when hedging with options.
  12. How buyers and sellers can create a "No Cost" price collar using CME-NYMEX options (An example).
[also_learn] => [agenda] => [attend] =>

This seminar will benefit a wide variety of organizations and individuals in the electric power, financial and energy industries. Professionals from banks, energy producers, utilities, energy marketers, industrial companies, electric generators, and liquids processors will gain valuable insights, as will natural gas, oil and electric power executives, traders, marketers, (sales, purchasing & risk management professionals), accountants, economists, trading support staff, auditors, attorneys, government regulators, rate specialists, plant operators, engineers and corporate planners.

[prereq] =>

This fundamental level group live seminar has no prerequisites. No advance preparation is required before the seminar.

[choose] =>

PGS seminars are known for their clear explanations and in-depth content. Register for a PGS class today, and join the over 10,000 energy professionals who have already attended one of PGS's proven programs.

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