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An Intuition-Based Options Primer for Financial Engineering

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The course includes topics directly relevant to quant job interviews (interview questions videos are included for multiple sections) as well as to graduate studies in financial engineering. It was created by Prof. Dan Stefanica, a best-selling author and educator in financial engineering, and reflects his experience fostering highly successful careers for the graduates of the Baruch MFE program for over 15 years.

Educational requirements: knowledge of calculus and elementary knowledge of probability; programming knowledge not required, but useful.

Who will benefit: the course will prepare for entry level positions interviews and for graduate studies; emphasis is placed on depth of understanding of options trading arbitrage and options valuation models.
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Beyond my expectation
Well designed course. TA is responsible and helpful. This course is beyond my expectation and provided alternative way of thinking about options.
Recommendation
Yes, I would recommend this program to a friend
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pierreyvessojic
Reviewed by Verified Member
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Best Options course online
Probably the best course on options available online, it covers many of the things needed to do well in the finance portion of interviews, such as convexity/price arbitrages, greeks, implied volatility, option trading strategies, etc. Homeworks can get quite challenging at times, but the T.A. Rados is always there, answers all questions in depth and is very knowledgeable. The course also has some questions that require coding, so it can be a good refresher if you haven't coded in a while. All in all, I definitely recommend the course for everyone, whether you are an MFE applicant or preparing for job interviews.
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Yes, I would recommend this program to a friend
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heming_huang
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Provide deeps insights and intuition behind the options
I really like the structure of the course, especially the detailed proofs in the additional material provided by Dan. I really like the part we delved into the asymptotic of BS model parameters, which in turn provided me insights and intuition behind the options. Rados is really active and timely in providing me feedback and answers to the questions I had! Many thanks to everyone who has been involved in organizing the course.
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Yes, I would recommend this program to a friend
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Jiehou
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An excellent and memorable course.
I have learned a range of things about option concepts, pricing, trading, etc. from this course and have been able to integrate this knowledge in a step-by-step training program. I think the pace and content of this course is excellent. What impressed me the most was some of the arbitrage strategies on convex and the derivation of the Black-Scholes pricing model from the most basic expectation and risk-neutral principles. All in all, an excellent and memorable course.
Recommendation
Yes, I would recommend this program to a friend
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Paul Lopez
Reviewed by Verified Member
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Wide variety of interview questions
I quite liked the course overall. My previous experience in the past has always been with numerical methods for pricing and risking options in a black scholes or similar framework, and I really just wanted an intuitive look at the different pieces that make up options. This intuitive framework with focusing on put call parity and asymptotic analysis as you take certain parameters to extreme values is exactly what I was looking for. I think the wide variety of interview questions alone makes the course extremely important and valuable for students and experienced professionals alike.
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Yes, I would recommend this program to a friend
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Zehao Yang
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Took QuantNet C++ and this course for interview
This course is really significant for both graduate studies and entry interview questions. Professor Dan Dan Stefanica offers excellent content with his expertise, where you can hear from the street. My TA Rados Radoicic provided feedback usually within half a day. He checks the assignments very carefully. I really recommend this course.

I finished C++ for Financial Engineering course from QuantNet and decided to take this course. A Baruch alumnus recommended I take this course to prepare for interviews.
Recommendation
Yes, I would recommend this program to a friend
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Headline
Relevant to quant job interviews.
This course is well-structured. Intuitions behind the options arbitrage, options trading strategies, and BS model are well explained. The analytical proofs are succinct and elegant. Interview questions are directly relevant to quant job interviews.
I feel more confident in applying to MFE programs. Many thanks to Dan, Rados, and QuantNet.
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Yes, I would recommend this program to a friend
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Headline
Excellent all-around options course
The course was extremely well thought out and put together. The lectures and notes we're extremely clear and the homework and quizzes were easily doable because of this. The grading of the homework provided great comments and help made this subject come very intuitive to me.
Recommendation
Yes, I would recommend this program to a friend
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Headline
Fantastic interview questions
This is a great course in general. It covers all core topics in option pricing. The interview question part is especially fantastic, which you can rarely find in other courses. The lecture material is really detailed and substantial. And the homework is very comprehensive and practical. Both lecturer and TA are very patient and helpful. Therefore, it meets my original goal for taking this course.
Recommendation
Yes, I would recommend this program to a friend
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statquant
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Top content covering many relevant options topics
What I like most about this option course is its content. It covers a broad range of topics, starting from self-financing replicating portfolio, then risk neutral pricing, all the way up to Black-Scholes PDE. Mathematical expositions are very clear, finance concepts are well explained.
I just hope this course can progress faster. It took me more than 5 months to finish it. It would've been nice if it were just about 3 months.
Recommendation
Yes, I would recommend this program to a friend
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