The Masterclass: Commodity Trading & Hedging explores how traders evaluate directional, spread, and option positions, select the optimal strategy to express their view on the future of price, transact efficiently in the market to minimize impact and costs, and manage the risks of the resulting exposure as fundamental conditions evolve. Topics include:
- Developing a Cohesive View of the Market
- Directional Trading Strategies
- Spread Trading Strategies
- Option Trading Strategies
- Selecting the Optimal Implementation Strategy
- Trading & Execution Skills
- Position Management
- Pricing, Hedging & Optimizing Structured Transactions
Commodity Trading & Hedging is designed to accelerate the development of early-career traders and provide practical insight into the commercial activities of the firm for quants, analysts, risk managers, structurers, and middle-office staff that interact with the trading desk. There are no prerequisites, but it is recommended that attendees have an in-depth, practical understanding of the commodity markets or have previously taken Foundations of Commodity Markets.
Course Format
This course offers 25 hours of learning through pre-recorded lectures, interactive live discussions with the instructor, assigned readings, and assessments—designed to keep you engaged and ensure practical understanding.
About the Instructor
Joel Rubano is a commodity trader with over 25 years of experience in energy trading. He has hedged the financial exposures of multi-billion-dollar asset portfolios and managed speculative trading books at six different firms in the power, natural gas, oil, and coal sectors.
Mr. Rubano founded Instradev, LLC, a consultancy that offers multi-day trader development and risk management programs for energy and financial firms, and lectures to MBA and master's classes at leading universities. He is the author of Trader Construction Kit, a practical guide to developing the skills and techniques employed by professional traders, currently in its second edition.