Module 15 — Advanced Instruments

Module 15 is an optional specialisation with 20 lessons on futures, options, bonds, REITs and crypto. Sources: the CFTC (futures), the SEC’s options bulletin and FINRA (options and Greeks), Investor.gov (bonds, REITs), SEC enforcement and statements (FTX, spot bitcoin ETPs), the BIS (stablecoins, crypto carry) and the CFTC’s report on negative oil prices in April 2020.

Level: Advanced · Before this: Modules 5 and 9. These instruments can lose more than your initial outlay. Learn them on paper first.