Oversee Options Trading
Students taking the OPSC learn the basics about options and strategies in order to be able to oversee trading in a branch. You'll gain a thorough understanding of the responsibilities of an options supervisor and have the knowledge with which to carry them out.
Learn About:
- Bullish, bearish and volatility based option strategies
- The risk and reward parameters of the various option strategies
- The rules and regulations associated with:
- Opening and supervising option accounts
- Exchanges and clearinghouses, particularly the Montreal Exchange and the CDCC
- Handling client complaints
Learning Experience
CSI's online learning system helps you meet your study goals. You'll benefit from:
- Online access to course readings in PDF format
- Online assistance from CSI's academic support specialists
- Online post-chapter review questions to assess your progress
- Learning objectives that keep you focused
- Course updates to ensure you’re learning the most current and up-to-date practical material
What's New
In this OPSC 2020 update, we are:
- updating Chapters 5, 6, 7 and 8 to get them PLR ready
- updating online review questions and exam items accordingly
What you'll learn
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Topics covered in this chapter are:
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Introduction
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Long Call
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Married Put
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Covered Call (also known as Covered Write)
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Put Writing
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Benchmark Indexes for Income-Producing Option Strategies
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A Brief Review of Spreads, Straddles and Combinations
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Bull Call Spread
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Bull Put Spread
Topics covered in this chapter are:
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Introduction
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Long Put
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Protected Short Sale
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Covered Put Sale
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Call Writing
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Bear Put Spread
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Bear Call Spread
Topics covered in this chapter are:
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Introduction
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An Introduction to Volatility
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Importance of Volatility to Options Trading
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Short Volatility Strategies
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Long Volatility Strategies
Topics covered in this chapter are:
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The Role of Supervision
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The Supervisor Approval Category
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Supervisors Proficiency Requirements
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Key Responsibilities of Designated Options Supervisors
Topics covered in this chapter are:
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Introduction
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IIROC Rule 3252 on Account Opening and Approval
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Supervision of Account Openings and Approvals
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Retail Account Opening and Approval Process
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Corporate and Institutional Option Account Opening and Approval Process
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Permissible Institutional Option Transactions
Topics covered in this chapter are:
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Introduction
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Important Elements of Options Supervision
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Daily Trading Review
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Monthly Trading Review
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Summary of Common Compliance Problems Related to the Supervision of Option Trading
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Investigations
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Sanctions
Topics covered in this chapter are:
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Avoiding Client Complaints
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Types of Client Complaints
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Required Procedures for Regulatory Complaints
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Regulatory Reporting
| Approximate Hours of Study** | |
|---|---|
| Hours of Study | 35 - 50 hours |
** In order to provide some guidance to course participants as to the length of time it will take to be sufficiently prepared to write the final examination, CSI has prepared this estimate of the number of hours an average participant could possibly expect to spend studying for a course. Please note that these are only recommended hours of study developed based on research and our course content, however, this does not mean that some students with exceptional backgrounds would not take less time than recommended or that students with no background at all in finance or economics would not take longer than the maximum.
| If you write the exam or enrolled in the course on or after October 13 2021. Refer this this exam breakdown | |
| EXAM WEIGHTINGS (weightings are approximate) |
|
|---|---|
| Bullish Option Strategies | 12% |
| Bearish Option Strategies | 12% |
| Option Volatility Strategies | 14% |
| Options Supervisor Responsibilities | 18% |
| Opening and Approving Option Accounts | 12% |
| Supervising Daily and Monthly Option Account Activity | 22% |
| Handling Client Complaints | 10% |
| If you write the exam or enrolled in the course prior to October 13 2021. Refer this this exam breakdown | |
| EXAM WEIGHTINGS (weightings are approximate) |
|
|---|---|
| Overview of Equity Options | 12% |
| Bullish Option Strategies | 10% |
| Bearish Option Strategies | 10% |
| Option Volatility Strategies | 10% |
| Options Supervisor Responsibilities | 18% |
| Opening and Approving Option Accounts | 8% |
| Supervising Daily and Monthly Option Account Activity | 18% |
| Client Margin Requirements | 14% |
| ENROLMENT PERIOD | |
|---|---|
| Enrolment Period | 1 year† |
| COURSE COMPLETION NOTICE AND WALL CERTIFICATE | |
|---|---|
|
On successful completion of this course you will be able to download a Notice of Course Completion available through your student profile. This will remain on your profile as formal confirmation of course completion. CSI will mail you a wall certificate within 4 - 6 weeks of course completion. Frames to display your certificate are available. Please ensure that your First and Last Name on your profile match your First and Last Name on your Government Issued Photo identification - this will ensure you receive an accurate certificate. CSI will be pleased to issue an Honors Certificate to all student who obtain a final course mark of 85% or higher. |
* The first attempt is included in the course enrolment fee. Further attempts incur fees.
†Please note: Access to your online materials will close 2 weeks after successful course completion or course expiry (whichever comes first). This course can be extended by 1 year provided you have not exceeded the attempts allowed for each exam. You can view CSI extension fees here . Your enrolment period can only be extended one time.
Continuing Education (CE) Credits
Click the links below or the buttons at the top of the page on the right side to access CE accreditation information.
National/Provincial (Excluding Quebec)
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For details on the organizations and other information on CE Credits listed in the above charts, please click here.