Option Course

How to Trade Options                                  Options Trading Education

  Directional Trades
  Bull Call Spreads
  Bull Put Spreads
  Credit Call Spread
  Bear Put Spread
  Delta Neutral Trades
  Time Decay
  Calender Spread
  Volatility Spread
  Statistical Probability
  Diagonal Time Spread
  How Much Is Enough
  Bigger Volatility Bet
  Call Ratio Back Spread



 Option Strategies with Illustrated Profit and Loss Options . GoldFinance over 20 years in the Options trading ,  has prepared a book to offer the reader an opportunity to share in what he has learned.


OPTION  TRADING COURSE

 * VIDEO:  Options CALENDAR SPREAD STRATEGY


* VIDEO:  The STRADDLE Strategy


* VIDEO: Measuring COVERED CALLS

 SECTION I - Call Options

Most people learning Options for the first time face too much jargon and complex language. This options trading strategies course use real-world examples, buying a car, to explain how a Call Option , works in real life. This example should make it absolutely clear what a Call Option is in step-by-step details.

SECTION II - Put Options.

The Put Option is the ultimate "protector" of your portfolio, and in this course you can learn how Put Options work. It is the exact opposite of a Call Option. Put Options increase in value when the value of a stock or index drops in price. We define what a Put Option, and just like we did in the Call Option, we consider a real-world example of a Put Option.

SECTION III - Stock and Options combo strategies

In this section, three creative strategies are outlined for Stock investors to combine Options into their portfolio strategies.

· Use Options to buy Stock at prices that are far lower than what the stock is currently trading for

· Use Options to sell Stock at prices that are far higher than what it is currently trading for

· Use Options to hedge a Stock position that you already own

SECTION IV - TIME DECAY

Time decay is a pivotal component of Options strategies. In fact, time decay alone is responsible for the majority of advanced option strategies. In this part of the options trading strategies course, we are going to study the concept in detail. Options are "wasting" assets, and they lose value every day. The buyer gets hurt from time decay and the seller benefits from it. And time decay becomes more exponential as we approach expiry of an Option. It is also the great equalizer between the profiles of a buyer and seller of Options. Time decay is the great equalizer in the risk / reward profiles of buyers and sellers of Options. Several intermediate and advanced strategies are based on selling premium (option sellers) and these positions make a profit due to time decay in the value of these options over a period of time.

SECTION V - IMPLIED VOLATILITY

Implied Volatility is the "wildcard" in Option prices. Ignore it, and you will pay a price. In fact, it's so important we have at least four different varieties - Volatility, Implied Volatility, Historical Volatility, and Future or Expected Volatility. We use the real-world examples to explain the concept of Volatility in simple terms. Then we study how Volatility is quantified in Stocks and Options. And how Volatility finds a back-door to embed itself into Option prices. Implied Volatility considerations are critical when choosing between a buyer and seller profile. We break this complex topic down into simple terms and show you an example of NFLX and CAT options that should make it absolutely clear what this is all about.

SECTION VI - OPTION GREEKS, DELTA, GAMMA, VEGA, THETA

If you're the pilot of an aircraft, the Greeks are your instrument panel. If you don't manage your instrument panel properly, well...you get the picture. Understanding the Greeks are absolutely critical to every Option position. We break this course into easy to understand chapters for all the four Greeks - Delta, the king of all Greeks. Gamma - the silent operator. Theta - every Option seller's dream. And Vega - Watch out for this one.. Most beginners to Options tend to ignore the Greeks. Master the Greeks and you'll shave off months of learning curve. Not to mention, you can then fly your aircraft on "auto-pilot" (with help from the Greeks).

SECTION VII - OPTIONS MARKET STRUCTURE

The Options market has a number of terms that we need to be aware of. Starting with terminology differences like "Long" and "Short", we look at all the details that go into the Options market. We explain the important processes like Exercise and Assignment, as well as things like Expiry series, Bid-Ask spreads, Brokerage and transaction costs and various other details. What is Open Interest and why is it important, and what is the role of a Market Maker. We study the different Order types and which ones are important for the average investor, and which ones make sense in different situations. We also discuss Regulation T Margin as it applies to Options as well as Portfolio margin.

SECTION VIII - BUY A CALL OPTION
 Buying a Call Option is the most basic of all the Option strategies and is the most efficient strategy to optimize a bullish outlook on a stock. In this options trading strategies course,  We analyze the rationale behind entering the trade, the risk/reward profile, chart analysis and point of entry, choice of expiry and  the Option, time decay considerations, margin requirements, profit expectations, exit criteria, Greek analysis, its Profit and Loss profile and various other considerations. We provide a 360-degree analysis before trade entry. This is a real trade and over 15 days, and we navigate the trade to its exit point.

SECTION IX - BUYING A PUT OPTION
Buying a Put Option serves two purposes - exploit a bearish move in the stock or be the ultimate protector of your stock. In this part of the course, we take the example of the Euro  and show how the trade played out in about 25 days time. We analyze the rationale behind entering the trade, the risk/reward profile, chart analysis and point of entry, choice of expiry of the Option, time decay considerations, margin requirements, profit expectations, exit criteria, Greek analysis, its Profit and Loss profile and various other considerations. We provide a 360-degree analysis before trade entry.
 SECTION X - STRATEGY AND OPTIMIZATION

The Option strategy optimization course brings all the 4 Options strategies together. The 4 strategies are comprised of 2 bullish and 2 bearish strategies, but how and when should we choose a particular strategy over the other. We create a helpful "4 strategies box" to distinguish and connect one strategy to the other. Most importantly, what are all the considerations before we choose a strategy. Our choice of strategy depends not only on what the stock is currently doing, but also on various market externalities as well as a few key Option metrics like Implied Volatility. This course also provides a sneak peek into advanced Option topics like the VIX (Fear index"), trade simulation as well as trade adjustment parameters.

SECTION XII - SINGLE OPTION ADJUSTMENTS

This options trading strategies course studies the need for Option adjustments, and why adjustments are as critical to the success of your position as good entry or analysis. We consider all the four basic strategies - the Long Call, Short Call, Long Put, and the Short Put and look at various adjustments to these positions if they get into trouble. The course also discusses various details like early adjustments, over-adjusting and adjusting profitable trades as well as the importance of the investor's outlook for the stock when considering adjustments.

Course I - Introduction to Options - Learn about Call Options and Put Options is a detailed step-by-step explanation of Options, Call Options and Put Options with theory and practical application with Apple  Options

Course II - Options Foundation - Time Decay, Implied Volatility and Options Greekswill complete your theoretical understanding of Options.

Course III is Options strategies for Beginners - Buying Call Options and Put Options where we actually put live trades and manage them to their exit points.

Course IV is on Options Spreads - This is the heart of Options Trading. Once you master Options spreads, you have acquired a skill that can generate consistent monthly income for the rest of your life.





Over 51 lectures and 10 hours of content!
Master the basic nuts and bolts of Options trading
Understand the theory and mathematics behind Options
What are the factors that affect Options pricing
How are Options different than Stocks
How you can use Options even if you invest in Stocks and create superior Combo strategies
Anyone interested in learning about Options trading
LIve trades using Thinkorswim platform
Art of adjusting Single Options strategies

COURSE REQUIREMENTS:

Some knowledge and experience with stock markets and trading or investing

WHO SHOULD ATTEND?

Anyone interested in learning about Options trading
A bundle deal that covers all the basics of Options for beginners


CURRICULUM:

Section 1 - Introduction to Call Options

Lecture 1: History of Options and the Mathematics of Options
14:15
Lecture 2: Stocks, Options, Definitions of Options and a Call Option
14:03
Lecture 3: Understanding Call Options through a Real estate example
10:59
Lecture 4: What are In-The-Money (ITM), At-The-Money (ATM) and Out-of-The-Money (OTM) Options
12:28
Lecture 5: Buyer and Seller risk profiles, Risk Graphs, Seller advantages
08:35
Lecture 6: Option screens, option chains, Expiry series and Call Option layout
14:40
Lecture 7: Choice of expiry series and ITM, ATM and OTM Options when looking at AAPL Options
09:18
Lecture 8: Call Option performance in real-time and on the day of expiry
07:38
Lecture 9: Risk Graphs of ITM, ATM and OTM Options
12:10
Lecture 10: Option Sellers risk profile
09:35

Section 2 - Introduction to Put Options

Lecture 11: Put Options Primer
06:10
Lecture 12: Definition and Characteristics of Put Options
09:12
Lecture 13: A real-world example of Put Options - Buying Insurance
12:02
Lecture 14: Risks and Rewards in Put Options
05:23
Lecture 15: Put Options quotes and screens on a Trading platform
08:01
Lecture 16: Risk Graphs for Put Options buyers
11:40
Lecture 17: Risk graphs for Put Option sellers
06:47
Lecture 18: Using Put Options spreads to limit risk
08:44
Lecture 19: The four strategies BOX - Call and Put Options
08:10

Section 3 - Using Stock and Options combo strategies for Stock investors

Lecture 20: Using Options to buy Stock at much lower prices than what its currently trading for
10:36
Lecture 21: Using Options to sell Stock at much higher prices than what its currently trading for
07:29
Lecture 22: Using Options to hedge Stock that you already own
10:51
Lecture 23: CONCLUSION OF INTRODUCTION TO OPTIONS SECTION
04:30

Section 4 - TIME DECAY AND OPTIONS PRICING

Lecture 24: Explaining Time Decay in real-world examples of Real estate and Insurance
15:25
Lecture 25: Time Decay analysis (I) using Apple (AAPL) Options on the Thinkorswim platform
14:47
Lecture 26: Time Decay analysis (II) using Apple (AAPL) Options on the Thinkorswim platform
09:39

Section 5 - IMPLIED VOLATILITY AND OPTIONS PRICING

Lecture 27: Explaining Implied Volatility in real-world examples of Real estate
09:38
Lecture 28: Implied Volatility computation - How is Implied Volatility reflected in Option Prices
05:56
Lecture 29: Implied Volatility in action - CAT and NFLX Options. Buyer / Seller implications
12:03

Section 6 - Complete analysis of Option Greeks (Delta, Gamma, Theta and Vega)

Lecture 30: Option Greeks primer
15:41
Lecture 31: Option delta (The king of Greeks)
20:31
Lecture 32: Option Gamma
18:07
Lecture 33: Option Vega
12:41
Lecture 34: Option Theta
13:46

Section 7 - Options Market Structure

Lecture 35: Order types, Transaction costs, market Makers role etc
13:59
Lecture 36: Bid-Ask spread, Expiry series, Exercise and assignment, Volume and Open Interest
15:10
Lecture 37: CONCLUSION OF OPTIONS FOUNDATION PART OF BUNDLE
07:08

Section 8 - Buying Call and Put Options - Options beginner strategies

Lecture 38: Correct criteria for a Long Option trade (Calls or Puts)
18:14
Lecture 39: Live Long Call trade on Chipotle Mexican Grill (CMG)
11:51

Section 9 - Live Long put trade on FXE - Euro ETF

Lecture 40: Long Put trade idea and entry on FXE
18:40
Lecture 41: Trade Management using sophisticated Conditional Orders
19:19
Lecture 42: Trade Management on Long Put FXE ("Milk your winners")
10:18

Section 10 - Strategy and optimization of Single Option Trades

Lecture 43: Pitfalls of Short Calls and Short Puts
11:40
Lecture 44: Four Strategy choices - 2 Bullish and 2 Bearish
19:39
Lecture 45: Strategy Case study - S&P 500 Index and GOOG, AAPL and PCLN
08:42
Lecture 46: Strategy case study - Linkedin Trade idea
08:34
Lecture 47: Strategy Case study - CAT Trade idea
12:03

Section 11 - Adjustments for Single Options

Lecture 48: Philosophy of Adjustments
09:39
Lecture 49: Adjustments for Long Call positions
15:03
Lecture 50: Adjustments for Short Calls, Long Puts and Short Put positions
15:42
Lecture 51: CONCLUSION OF BUYING CALL AND PUT OPTIONS
05:22


VOL 1

Options Tutorial
- The Call Option
- The Put Option
- Basic rules in entry and exit

  2
- Market Forecasting
- Market Trend reports
- Volatility Index
Technical Analysis for Options
Strategy #1: Buying Call Options
- What makes the stock move?
- Buying a Call Option: Step-by-Step

  3
Strategy #2: Buying Put Options
- Put Options and protecting them
- Buying a Put Option: Step-by-Step
Strategy #3: Covered Calls
- A Simple Process walk-through
- How to find stocks to do Covered Calls

  4

- Understanding Delta