# What is covered in The Hedge's Portfolio Manager course?

** ****Level Three: Portfolio Manager**

This advanced course teaches skills required of a Portfolio Manager.

- Interpret the shape of the term structure
- Understand forward implied volatility and how it applies to VIX futures
- Assess volatility skew, why it exists and how it informs you about tail risk in a certain asset
- Understand second order Greeks including Vanna and Charm and the impact they have on markets due to dealer positioning
- Implement new trading strategies including spreads, ratios and butterflies
- Trading volatility and skew via straddles and collars
- Identify and trade gamma squeezes before and after the fact

**What skills will I graduate from this course with?**

As a Portfolio Manager you will have the ability to build out many options positions with well-defined risk and a comprehensive understanding of the volatility surface. You'll be able to create complex portfolios by trading multiple maturities and strike levels and utilize the SpotGamma individual stock scanners to generate new ideas and structure complex trades such as calendar spreads.

This course will help you find the optimal trading strategy to reflect your views on a stock and tailor the Greek profile to fit your preferences by using key gamma levels to pinpoint entries, strikes and potential expiry pins to help select trades that can maximize profit potential.

Register for The Hedge through SpotGamma Academy here.