The seminars, entitled “Hedging with Options,” will be taught by leading options experts Judith Ganes Chase of J. Ganes Consulting, LLC, and Eric R. Matsen from Matsen Enterprises, LLC, and will address such issues as why options on cotton futures are critical to one’s business, what options can do for you and how, and actionable hedging strategies based on various price scenarios and market outlook.
The seminars will be held at the Exchange headquarters at One North End Avenue in Lower Manhattan on the following days:
Thursday, October 20, from 3:00 pm to 5:00 pm: seminar will be a review of basic futures and options terms and concepts. There will be a cocktail reception following the event.
Friday, October 21, from 8:30 am to 4:30 pm: Intermediate Options Hedging for Cotton Mills (Session I) will be held from 8:30 am to 12:00 noon, with a break from 12:00 pm to 1:30 pm for lunch (to be provided). The second session will be from 1:30 to 4:30 pm, with dinner to follow (to be announced).
Saturday, October 22, from 8:30 am to 12:00 noon: the Advanced Options Hedging Workshop.
“Our goal is to educate as many potential market users as possible, which is why NYBOT holds numerous educational seminars for all of our core products throughout the year and for all levels of expertise,” said Joe O’Neill, Senior Vice President at NYBOT. “This is the perfect opportunity for anyone from the mill sector interested in trading cotton options to come learn more about managing price risk, so I encourage all parties to take advantage of these free seminars.”
To learn more about the “Hedging with Options” seminars, please contact Tim Barry, NYBOT Marketing Vice President, at 212-748-4096, or tbarry@nybot.com, or Jeanne Reeves, Director of Agricultural Research at Cotton Inc., at 919-678-2370, or jreeves@cottoninc.com. To RSVP, please contact Raquel Allen at 212-748-4094, or rallen@nybot.com, or Kay Wriedt at 919-678-2271, or kwriedt@cottoninc.com.
NYBOT also recently held its third options training seminar and sugar market roundtable on August 15 and 16 in Northeast Brazil, in the city of Maceio. The seminar, held in Portuguese and designed specifically for sugar producers in the Northeast, was attended by 47 participants representing all the major sugar mills in the region.
The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, pulp, and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.
