What derivatives are and why prices hold
Learn who uses derivatives, what the contracts are, and why their prices follow from no-free-money rules.
Practice: price a simple forwardPrice the risk. Then tame it.Learn what forwards, futures, swaps and options are, how they are priced and how to hedge with them.
Everyone who finishes gets a certificate for the work they did. If your work is strong, you can also earn a certificate of appreciation or a letter of recommendation.
in recognition of outstanding contribution and dedication shown during the Derivatives Foundation bootcamp, and of a curiosity that went well beyond the syllabus.
I am writing to recommend Your Name, who completed the Derivatives Foundation bootcamp with Fin Maverick from 01/01/2026 to 01/06/2026.
Over the course of the program Your Name worked on the Derivatives Foundation capstone and consistently stood out for judgement applied with genuine rigour rather than textbook recall.
I recommend Your Name without reservation for any opportunity in finance, and am confident they will bring the same dedication to future roles.
Sincerely,
has successfully completed an internship of 6 months with Fin Maverick under the Derivatives Foundation program, during the period 01/01/2026 to 01/06/2026. Your Name carried the capstone from first brief to final submission, and showed real commitment, discipline and aptitude.
Never used a derivative before? Start here. Each week you learn one part of how derivatives work, practise it on the same company, and hand in one piece of work.
Learn who uses derivatives, what the contracts are, and why their prices follow from no-free-money rules.
Practice: price a simple forwardPrice a forward, see how futures settle every day, and read what each option pays.
Hand in: price it and read itValue an option two ways, read its sensitivities and see why a hedge stops working when the price moves.
Hand in: model it and hedge itA business has currency, rate and share risks and not enough budget to hedge them all. Choose what to hedge.
Final: a hedging planA forward contract locks in today’s exchange rate. Hedge more and you are safer if the rupee falls, but you give up the gain if it rises. Pick how much to lock in.
Six skills a derivatives desk will test you on. Each one starts with a real problem from the job and ends with work you can show.
“You join a derivatives team and nobody has explained what the business is for. Explain it.”
“Someone asks why a derivative has the price it has. The answer has nothing to do with forecasting.”
“Two positions have the same economics, and only one of them can bankrupt the holder before it is right.”
“An option worth nothing if used today still costs real money. Explain why.”
“A hedge works today and stops working the moment the price moves. Keep it on track.”
“A business has three risks and a budget that will not cover a perfect hedge. Choose.”
You make a real call on a hedge, see where it goes wrong, then fix it. Here are three of them.
The quote used today’s rate. Add the interest-rate gap between the two currencies and see the real forward.
Open simulation →The price moved the right way and the position still lost. Find which sensitivity was not hedged.
Open simulation →There is only budget for part of the hedge. Rank which risks to cover first and say why.
Open simulation →Gold costs ₹6,000 a gram today. Borrowing money costs 10% a year, and storing gold is free. What should a one-year forward price for gold be?
You could borrow ₹6,000, buy gold today and hold it for a year. That costs ₹6,000 plus 10% interest, or ₹6,600. If the forward were cheaper or dearer, someone could make risk-free money. So the forward is ₹6,600, without anyone predicting where gold goes. Pricing by copying is the core idea of derivatives.
Two graded milestones and a capstone. Each one is real work you can show.
A company with a risk it did not choose, a forward to price, a futures alternative that settles every day, and option payoffs to read.
An option to value two ways, a book of positions to read through their sensitivities, and a hedge that keeps drifting.
Currency, rate and share risks, a budget that will not cover a perfect hedge, and a board that wants a plan.
Every week follows the same simple loop: learn an idea, try it straight away, use it to make a decision, review it, then show you can do it.
Do I need a finance background?
No. Week 1 starts from zero: what a derivative is and who uses one. If you are comfortable with percentages and a basic spreadsheet, the bootcamp teaches everything else.
How much time does it take each week?
Plan a few focused hours each week. Lessons are short and recorded, so you can fit them around college or work.
Is it live or recorded?
Fully self-paced. Lessons, actions, simulations and milestones are all on demand, so you learn when it suits you and replay anything as often as you need.
What do I walk out with?
Work you can walk through in an interview: a priced forward, payoff charts, a valued option with its Greeks and a hedging plan for a real business. Strong work also earns a certificate of appreciation or a letter of recommendation.
Will this get me a job?
No course can promise that. What it gives you is work you can show and the answers to the questions derivatives desks actually ask. That is what gets you through the interview.
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