Level up your expertise in pricing, hedging, and trading options in today’s commodity markets. In today’s volatile commodity environment, strong options expertise isn’t just a differentiator—it’s a requirement. The Masterclass: Commodity Options is an intensive four‑week, eight‑class online program designed to equip professionals with the practical skills and deep theoretical understanding needed to excel on a trading desk or in any role supporting commodity derivatives.
Whether you're a commercial hire new to options, a quant or analyst seeking industry context, or a risk or structuring professional looking to strengthen your pricing intuition, this masterclass delivers a comprehensive, practice‑focused foundation.
Why This Course?
Commodity options behave differently from equity or FX derivatives. Physical delivery, basis dynamics, liquidity constraints, and unique volatility structures all shape how risk is priced and managed. This course bridges the gap between academic option theory and the realities of pricing, hedging, and trading options in real commodity markets.
Through a blend of prerecorded modules and live instructor‑led discussions, you will:
Build a strong foundational understanding of commodity option markets
Master key pricing models, including Black‑Scholes, Black 76, and Binomial trees
Learn how to construct, interpret, and apply complex option structures
Understand and manage Greek risks in real‑world portfolios
Explore physical vs. financial option challenges—including liquidity, basis, and credit
Price and analyze embedded optionality in structured deals
This is the practical, front‑office‑oriented options training the industry has been missing.
Who Should Attend?
This program is ideal for:
- New commercial hires on commodity trading desks
- Quants and data scientists supporting derivatives modeling
- Analysts in trading, fundamentals, or quantitative research
- Risk managers responsible for derivatives oversight
- Structurers designing customer solutions or storage/transport deals
- Middle‑office and valuation professionals working with options portfolios
If your role touches commodity options in any capacity, this course will elevate your performance and your value to the business.
Course Format
This four‑week program provides 25 hours of total learning, delivered through eight self‑paced modules released weekly and four live instructor‑led Zoom discussion sessions. It begins with a kickoff session featuring interactive Q&A, and students complete weekly quizzes for practice and self‑assessment. A comprehensive final exam with unlimited attempts serves as the capstone assessment. All modules, quizzes, and the final exam are delivered through Canvas for a seamless learning experience.
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.