Professional Compendium for Advanced Investors




With our professional compendium, consisting of high-quality learning content, you have the opportunity to acquire the necessary theoretical basics in self-study without personal time constraints.




1. problem definition (excerpt)

Our compendium deals with the strategies of derivatives in portfolio management. Only those derivatives are listed that refer to shares or share indices preferably of the futures exchange EUREX®. Furthermore, only the area of options and futures is treated with derivatives. In particular, this compendium concentrates on the use of selected complex strategies of derivatives for speculation, hedging and arbitrage transactions. The aim of this compendium is to present the possible applications of derivatives with strategic trading approaches.

We recommend that you become familiar with the "Basic knowledge of trading with options & futures in portfolio management for beginners" in advance.


2. portfolio strategies with the use of options

2.1 Volatility Strategies

  • Long Straddle
  • Short Straddle
  • Long Strangle
  • Short Strangle


2.2 Spreads

  • Bull Call Spread
  • Bull Put Spread
  • Bear Call Spread
  • Bear Put Spread


2.3 Time Spreads

  • Bull Time Spread
  • Bear Time Spread


2.4 Complex Spread Positions

  • Ratio Call Spread
  • Ratio Put Spread
  • Call Ratio Back Spread
  • Put Ratio Back Spread


2.5 Combination of Price and Volatility Strategies



Straps and Strips


3. portfolio strategies with the use of futures

  • Position trading
  • Risk management with stock index futures


4. derivatives trading on EUREX

  • Functions of the EUREX
  • Margin for Options
  • Margin for Futures


5. conclusion (excerpt)

Here we explained the possible uses of options in combination with volatility strategies, spread strategies, complex spread positions as well as combinations of price and volatility strategies and portfolio strategies with the use of futures. The different strategies result in advantages and disadvantages for the investor. When comparing the individual strategies, there is no basic rule which represents the optimal strategy for an investor. The optimal strategy for the respective investor results thus from personal expectations and risk inclination. However, every investor who trades derivative financial instruments should know how to react to unexpected changes in the respective market. Efficient risk management is therefore essential. An investor who does not have solid knowledge of this market segment should not trade in derivative financial instruments, because the wrong use of these complex instruments can have serious financial consequences.