Options Certification (English/Hindi)

Commodity option is a financial derivative instrument better suited for risk-averse groups like farmers as there is no margin calls for buying options. It serves as an efficient tool to hedge and speculate by limiting the risk factors. Options, when used along with the spot and futures, can help develop an efficient risk management strategy for various market participants.

• Options are not at all intimidating as they may sound. Rather, they are easy to understand.
• The NICR's Options Certification Course will help you learn options in a simple and easy way.

NICR, a non-profit educational institution dedicated to promoting research and awareness in the commodity market runs the Options Certification Course encompassing following three modules:

• A beginner's module, designed to impart basic know how on options – meaning, utility and practical use of options.
• Understand basic options terminologies.
• Understand how options are different from futures and their payoff profile.
• Understand the intuition behind pricing of options using simple analogies.
• Basic understanding of realised volatility, implied volatility and the Black Scholes Model.

• This being the module for students who have some basic understanding on options
• Understand risk factors in options (sensitivities or option Greeks).
• Understand different strategies to lower the risk and earn profit.

• Since the applicants are from different walks of life and of different age group and qualification, efforts have been made to confine the study materials which can be easily seen and understood.
• In Hindi courses the video voice-over is in Hindi and examination is in Hindi. However, Registration form and Certificate is in English language for the Hindi courses.
• Candidate can schedule the examination of his convenience.
• Exams can be configured for 24X7 availability.

Per candidate fee for the Certification course are

*Exclusive of applicable taxes

• Any Educational Institution sponsoring applications of minimum 20 candidates from their Institute at one instance, will be eligible for a concessional course fee. To avail this facility, the institute should mail the details such as list of candidates and their email IDs to admindelhi.nicr@ncdex.com or helpdesk.nicr@ncdex.com.
• Fees once paid, will not be refunded under any circumstances.
• And after payment confirmation, system will send automated notification (email / SMS alert) to the candidate with his application form number and other details.
• Candidate are required to complete the course and schedule for the Test within six months from the date of payment of the course fee. The Authorize Period is Six-month period starts from date of Payment confirmation.
• The Payment / Fees Includes
1. Course registration fees
2. Start of Authorize Period.(Max. six month after payment confirmation)
3. Course video materials consisting the access of online-videos
4. User ID and password to access the secured course content
5. Exam Assessment- Only one attempt
6. Course Certification- After successful exam
7. Help Desk access over e-mail
• This fee does not cover anything other than those listed above. Specifically, it does not cover
1. Internet access charges
2. Provision of PC for free Tutorial on the website
3. Any coaching for the Certification Course

• The examination will be an online proctored based exam at your location.
• The candidate has to appear for an examination hosted on the website itself.
• Candidate can take examination at their convenience. The selected place should be in a walled room, with a closed door and without distractions.
• Only one certification test is permitted to each candidate.
• Duration: 2 Hours.
• Pattern of questions: 90 multiple choice based questions of 1 marks each.
• To pass the examination, you will need to correctly answer at least 50% of the questions.
• There will be no negative marking for wrong answers.
• Candidate is able to see the result immediate after the completion of exam.
• Those who fail to clear the exam will have to register again as a fresh candidate following the same process.