Day 3
Wednesday, April 22, 2009

8:00 – 8:30 a.m.
Breakfast
8:30 – 9:30 a.m.
Advanced Options Strategies

Options are perhaps some of the most technical, sophisticated and useful tools in controlling prices, but they are also some of the most difficult to understand. We’ll explain:

  • Selling options as part of a hedging strategy.
  • Spreads: how put spreads and call spreads differ.
  • No-cost collars.
9:30 – 11:00 a.m.
Tying It Up Part 1: Read and Interpret the Market’s Fundamentals as You Implement Your Own Hedging Program

We’ve gone through all the various strategies that are open to you to control your costs. Now it’s time to put your pencil to the paper and figure out how to assess your own situation:

  • Fundamental analysis: an in-depth overview of today’s oil markets, including short- and long-term supply and demand assessments.
  • Key market indicators: API/DOE.
  • Understanding changing gasoline specs.
  • OPEC: what to expect next.
11:00 – 11:15 a.m.
Refreshment Break
11:15 a.m. – 12:15 p.m.
Tying It Up Part 2: Why Technical Analysis Is So Critical

Now that you understand the programs that are available, and how to read the market’s fundamentals, we need to focus on technical analysis:

  • How funds trade.
  • Technical indicators: what they are and how to read them.
  • Following trends and how to spot changes.
12:15 – 1:00 p.m.
Creating Your Own Risk Management Plan

Put what you’ve learned to work. Using the programs we’ve gone over in class, you’ll determine which model best fits your business plan. Elaine will analyze your rationale, answer your toughest questions, and offer her expertise including the pros and cons behind your new strategy.

1:00 p.m.
Q&A / Adjourn