Flux Institute
Course Overviews & Previews
Decoding Diesel: Master the worlds key distillate market
Dive into the core forces powering the world's key distillate market, from refining and fundamentals to financial benchmarks, regional spreads, and the data that moves prices.
Navigating through Natural Gas Liquids
A practical introduction to the NGL complex, from molecules to markets. This course covers what NGLs are and how they're produced, how LPG is stored and shipped around the world, and how the financial market works including key benchmarks like Mont Belvieu, FEI, NWE and Saudi CP. Through real-world case studies on weather events, canal disruptions and trade policy, you'll build a working mental map of how physical flows and paper markets connect across the US, Middle East, Asia and Europe.
Decoding Options - Getting in the money
This course provides a comprehensive introduction to options on oil futures, covering the theory, pricing, and real-world application of financial options in commodity markets.
Beginning with the fundamentals of how options work as instruments of insurance and leverage, learners progress through payoff structures, the mechanics of calls and puts, and key option combinations including collars, spreads, and straddles. The course then builds into pricing theory, covering intrinsic and time value, the Black-76 model, and the option Greeks (delta, gamma, theta, vega), with a focus on how these are applied in portfolio risk management and hedging.
Later modules explore implied and historical volatility, the volatility smile and surface, exotic structures such as Asian and barrier options, and put-call parity. Includes a case study bringing the content to life, on the collapse of OW Bunker.
Throughout, the course integrates MCQ assessments, worked examples, and practical tools to reinforce understanding. Suitable for those entering energy or commodity trading, or finance professionals looking to build a rigorous foundation in derivatives.
The EDGE - The Flux Elite Trader Development Program
The institutional programme used to onboard new traders at Onyx Capital Group is now available outside the firm - same material, same standard, open to anyone building a career in commodities and energy. The Edge covers commodity and energy fundamentals, derivatives, physical and paper trading, hedging, and proprietary strategy - what moves markets and who moves them. You'll master fundamental and technical analysis, trader psychology, and risk management, then apply Python and AI to backtest your own strategies. Built and taught by a Chartered Market Technician with 20+ years' front-office experience who has trained traders at Goldman Sachs, JP Morgan, Petronas, and HSBC. 28 hours of content - 15 hours of video, 12 case studies, 300 knowledge checks, and a final exam. Get desk-ready: read market-moving events, defend a market view, and build systematic strategies with Python and AI. This is how Onyx builds its traders. Now it can build yours.