What does it take to become an Options Trading expert ?

Many people are lured by fabulous returns in options trading. But what does it take to become an expert - find out here.
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Instructed by Hari Swaminathan Business / Finance
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  • Lectures 5
  • Contents Video: 1 hour
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 2/2013 English

Course Description

DO YOU WANT TO BE AN OPTIONS TRADING EXPERT - FIND OUT WHAT IT REALLY TAKES TO BECOME ONE...


The biggest mistake committed by newcomers to Options trading is they do not realize that Options trading has a learning curve. Options have a foundation in mathematics, and all the parameters that govern Options pricing (the critical element in Options trading) are dictated by mathematical formulas. Failing to understand the theory and mathematics behind Options is the single biggest factor most people don't succeed in Options trading. They don't understand why they lose money or why the trades they expected to be winners turn out to be losers.

The second biggest mistake most people make is that they don't have a clear idea of the roadmap in the Options trading game. They trade strategies they don't fully understand. These two factors combined can deal a deadly blow before they learn the game.

Don't get caught in this situation. Watch this FREE COURSE to know what you're up against. Learn the challenges and the pitfalls of Options trading so you know what to expect. Once you know this, you can plan methodically, and you will be well on your way to making Options trading a reliable second income for life.

THREE COURSE BUNDLE - 10+ HOURS
WHEN YOU ARE READY TO GET STARTED, CHECK OUT THIS BUNDLE.

The first 3 courses are combined to create this bundle. To master the basics of Options, you really need all three courses. You can get this bundle for 20% discount at $479.

A brief synopsis of the courses are provided blow, but for complete details please visit the individual course links below.

LEARN CALL OPTIONS AND PUT OPTIONS
OPTIONS FOUNDATION - TIME DECAY, IMPLIED VOLATILITY, OPTION GREEKS
BUYING CALL OPTIONS AND PUT OPTIONS - LIVE TRADES

SECTION I - Call Options

Most people learning Options for the first time face too much jargon and complex language. This course use real-world examples (buying a house) to explain how a Call Option (Section 1) 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.

  1. Use Options to buy Stock at prices that are far lower than what the stock is currently trading for
  2. Use Options to sell Stock at prices that are far higher than what it is currently trading for
  3. 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 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 (CHIPOTLE MEXICAN GRILL)

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 course, we take the example of Chipotle Mexican Grill (CMG) and show how the trade played out. We analyze the rationale behind entering the trade, the risk/reward profile, chart analysis and point of entry, choice of expiry and "moneyness" 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. This is a real trade and over 15 days, and we navigate the trade to its exit point.

SECTION IX - BUYING A PUT OPTION (FXE EURO ETF)

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 ETF (FXE) 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 and "moneyness" 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. We show you how to "let your winners run" in a controlled manner.

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 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. Every investor has a "pain point" - this is the point at which they adjust their position. Applying a rigorous approach to this pain point enables investors to control risk while maximizing the opportunity to profit. 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.

This bundle consists of Courses I through III of a 4-course step-by-step program to achieving Options mastery. IT DOES NOT INCLUDE COURSE IV ON OPTION SPREADS.

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 (AAPL) 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.

Please feel free to browse this page for a complete list of Testimonials from our clients, Blog readers and Linkedin group members.

What are the requirements?

  • Basic understanding of Stock markets

What am I going to get from this course?

  • People interested in learning Options trading
  • A complete roadmap for someone wanting to learn Option trading
  • Understand the various topics to master before you can become an Options trading expert
  • Help someone avoid losses while learning Options trading

What is the target audience?

  • Anyone interested in financial markets and Options markets in particular

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: What does it take to become an Options Trading expert ?
09:16
You're embarking on a very exciting journey. Options trading is challenging, stimulating and can result in one of life's ultimate goals - to be FINANCIALLY INDEPENDENT. But you have some work to do first. Let's get started so you understand what you're looking at.
10:38
The first 3 months of your Options learning curve is very important. Options are mathematical instruments, and you have to understand the theory behind Options. 
Section 2: Intermediate stage: Months 4 to 6
06:53
At this point, you're paper trading Single Options, and maybe some of the simpler spreads like the Debit spreads.
Section 3: Advanced Learning: Months 6 to 12
16:59
You're really picking up on your learning at this point. You should be trading single options in your real money account and paper trading credit spreads. You should also be studying all the elements that make a 360-degree trader like Technical analysis, Volume analysis, Risk management etc.
16:26
A complete description of all the UDemy course material available to you. Also attached is a complete Glossary of Options terminology. 

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Instructor Biography

Hari Swaminathan, Options and Financial markets expert, Trader and Investor

Knowledge. Strategy. Execution.

Hari Swaminathan is the founder of OptionTiger, a cutting-edge Options education and trading company based in Washington D.C.. Hari is an entrepreneur, everyday person and a self-taught Options expert for over 8 years. Hari has a Bachelors degree in Engineering from India, and MBA degrees from Columbia University in NYC and London Business School in the U.K

More than ever, its become important for everyday people to take control of their financial situation, and create additional income in a smart, risk-controlled manner. This is precisely my mission. Through knowledge, education and investment discipline. Options are powerful, but they have a learning curve. I've broken down all the complexities of Options in simple language that everyone can understand. The courseware uses real trade examples, always highlighting the pluses and minuses of every investment situation. Options provide the best way to take advantage of bull cycles, bear cycles and everything in between.

As someone that has self-learnt Options and through making mistakes, I can tell you Options trading is not something you should take lightly. You will hear people talking of fantastic triple and quadruple digit returns. I'm here to be brutally honest with you - 

- Be very very careful in the first 12 months of Options trading. 

- This is when everyone is the most vulnerable to losing money. 

- Your main objective during this time is to focus on learning this craft and not lose money during this time. 

Having said that, if you can get past the first 12 months and acquire the expertise in a systematic manner, true financial independence awaits. Options are a mathematical and strategic game much like Chess, and no amount of technological advances can make this skill obsolete, because the fundamentals of Options are never going to change. 

You can trade Options from anywhere in the world, regardless of how old you are. You never have to worry about job security any more because you have a skill that can produce consistent wealth month after month. 

But you have some serious but exciting work to do before you can get there, and I'm here to help you in this journey. 

Watch my Free Course for Options Trading Beginners where I draw out a detailed roadmap of what this 12-month journey looks like, and the specific strategies you should master during each step of this learning process. 

Watch my Free Mini-courses or my YouTube channel , all of which have the highest quality of education material. 

And join me in my UDemy courses, where I share cutting-edge theoretical knowledge mixed with practical insights, strategy and impeccable execution through live trading examples. 

If you have any questions at any time, please feel free to message me on Udemy.

The order to follow on my Udemy courses

Comprehensive guide to Financial Markets, Investing and Trading

Options Trading Beginners Bundle (3-course Bundle)

Advanced Options Concepts

Options spreads and credit spreads Bundle

Technical analysis and Chart reading Bundle

After this, the order does not matter. You can take any of the courses as per your interest.

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