Derivatives and Options Exam Prep
Foran offers support seminars for derivatives and options licensing exams. Our classes are flexible in order to accommodate people writing Option Licensing Exam (OLC), Derivatives Fundamentals Exam (DFC), and the whole shebang, Derivatives Fundamentals and Options Licensing Exam (DFOL).
The first steps to attaining these licenses are, as always: register with CSI, get your textbooks, read your textbooks. We do not administrate the DF/OL test or course materials; but we will be happy to help you pass.
Yes, you have to do some work ahead of time. Foran Financial seminars can dramatically reduce your study time, and we can give you the tools to pass the exam, but we cannot teach you all of the information in 2-5 days. These courses are designed to replicate a full 3 month semester in a university or college setting. No one can cram that hard. So please introduce yourself to the material before coming in.
DF/OL and Options Supervisor (OPSC) seminars are instructed by our Securities expert, Ron Foran. Ron worked in the securities industry for many years and has taught securities licensing courses for over 25 years.
Looking at our seminars on the calendar, it may not be immediately clear how to choose your class. It appears that OLC , OPSC, and DFOL overlap, and that’s because they do. We run DFC and OLC consecutively. DFC is a 3 day class, OLC is a 2 day class, and someone writing the DFOL will simply take both sessions for a total of 5 days. Meaning that students writing the Derivatives Fundamentals exam will be in the same class as people writing the DFOL, they just get to go home a little earlier, and keep their weekend free.
Additionally, Options Supervisor runs in conjunction with the Options Licensing session. We recently started combining the two classes, and are very happy with how it has turned out.
The Options Licensing Exam contains about 80% of the same material as Options Licensing. We had lots of students who would come in for OLC, then go on to pass OPSC with little or no preparation. Now OPSC students join the same seminar are OPT, but they get a few additional handouts addressing their specific exam.
Even better for you, taking the OLC/OPSC seminar is a two for one.
We highly recommend that students thinking about writing DFOL take the two tests separately. DFC and OLC are both manageable exams. If you study and know your material, you should do very well on both. DFOL on the other hand is a tricky exam. Obviously it covers twice the material, and you have to retain all of those facts at once. More importantly, the time pressure is such that many people are unable to finish the exam.
Or other suggestion is that if you do decide to write the DFOL, you take the paper based. I completely understand the allure of getting your results immediately with the computer based exam, but this exam includes a lot of equations. That means transcribing a lot of information from the computer screen to your scrap paper, which is a big time suck on a time sensitive exam.
That’s just our two cents, and what we have heard from our students.
There are of course lots of people who write the DFOL on the computer and pass – but why make it any more difficult than it has to be?
If you have any questions about the DF/OL or OPSC seminars, please leave a comment below or give us a call.