Learn Options Trading - Become a Professional Options Trader

Name: Learn Options Trading - Become a Professional Options Trader
Rating: 4.3 (47 reviews)

Learn how to Trade Options to Generate Income & Reduce Risk on Your Stock Positions

Created byChris Capre, Sascha Gogolin

Last updated 6/2021

English

What you'll learn

Basics of Options Trading & How to Trade Options
How Options Trading is Different from Trading Stocks/Forex
Advantages of Trading Options
Disadvantages of Trading Options
Basic Types of Options
Call Options and How to Trade Them
Put Options and How to Trade Them
What an Option Premium is
What the Option Strike Price is
What the Option Expiration is
What ATM, ITM & OTM is
How to Read Option Profit & Loss Diagrams
What the Option Chain is and How to Read it
Trading Options vs. the Underlying (Stock)
Call Option Margin Requirements
Reducing Risk Using Options
Call Option Leverage
Bullish and Bearish Call Option Examples
How to Trade the Covered Call Strategy
How to Execute a Covered Call Strategy on the ThinkorSwim Trading Platform
Multiple Covered Call Trading Examples

Course content

3 sections • 24 lectures • 1h 5m total length

Introduction Part 10:52
Define option trading for beginners and explore its advantages and disadvantages, then cover the basic building blocks, types of options, the option chain, and reading P&L diagrams, with homework.
What is Option Trading & How is Option Trading Different?6:11
Explore how option trading turns contracts on the underlying into profit in up, down, or sideways markets, leveraging time and volatility, with buyers, sellers, brokers, and the OCC clearing.
Advantages of Options Trading6:41
Discover the advantages of options trading, including greater leverage with lower margin, market neutral strategies, income from selling options, unlimited upside, fixed risk, and insights from the put-call ratio.
Disadvantages of Options Trading2:30
Explore the disadvantages of options trading: you don't own the shares, dividend implications exist, time decay, lesser liquidity, and greater complexity.
Basic Types of Options & Calls/Puts Explained2:54
Learn the basic types of options, calls and puts, and how premium, strike price, expiration, and money status (in, at, out) shape profit and loss.
What is the Options Premium?2:04
Understand that the option premium is the price of each contract, paid by buyers and collected by sellers, determined by stock price, strike price, time to expiration, and volatility.
What is the Option Strike Price?1:40
What is the Option Expiration?1:27
ATM, ITM & OTM Explained0:55
Clarify ATM, ITM, and OTM definitions using stock price versus strike price to show when an option is at, in, or out of the money, with simple examples.
Option Profit & Loss Diagrams Explained4:04
Explore option profit and loss diagrams for calls and puts, showing break-even, strike prices, and expiration scenarios. Understand how PNL charts reveal risk and profit potential.
How to Read the Option Chain8:42
Explore the option chain, the tool for viewing calls and puts, prices, expiration dates, and strike prices. Interpret implied volatility, probability in the money, volume, and bid-ask to assess trades.
Homework1:35
Practice reading the option chain on ThinkorSwim and study the option PNL diagram for calls and puts. Use a demo account to trade short-dated expiries and build foundational terminology.

Introduction Part 21:07
Put & Call Option Definitions1:15
Define calls and puts as option contracts that give the holder the right, not the obligation, to buy or sell shares at a strike price before an expiration date.
Call & Put Option Trade Examples1:28
Learn call and put options using a $50 strike and 30 days to expiration; a call profits if stock hits $75, a put if it drops to $25.
Benefits of Trading Options vs. the Underlying [Risk Reduction & Leverage]5:17
Learn how options provide risk reduction and leverage by hedging long or short stock positions with puts and calls, using small premiums to insure or amplify exposure.
Call Option Trade Examples3:15
Learn how call options offer leveraged exposure to stock moves without owning shares. See a $300 stock example with a $5 premium, and compare profits and risk vs. buying stock.
Recap Part 21:49
Learn how call options let you buy stock at a strike price before expiration, while put options let you sell at a set price, with premium, leverage, and hedging.

Introduction to the Covered Call Option Strategy0:25
Learn the cover call strategy to generate income from your stock trades by combining a long stock position with a short call, boosting profits and monthly income.
How the Covered Call Strategy Works0:51
Examples of Covered Calls on Apple5:54
How to Execute a Covered Call Trade on the ThinkorSwim Trading Platform1:15
Execute a covered call on thinkorswim by selling 625 strike against your Tesla shares, expiring June 18. Right-click price, sell single leg, set quantity to 1, confirm at 26.
Examples of Covered Calls on Tesla2:11
Explore three Tesla covered call scenarios to see how selling the 625 call adds premium, reduces risk, and yields a net profit.
Recap, P&L Diagram & Pro Tips0:56
Review the cover call strategy with a profit and loss diagram and trade mechanics. Learn when to use or avoid it, plus pro tips and price-action context.

Requirements

Suitable for beginners and intermediate traders
A computer/laptop
No prior trading knowledge needed

Description

In this introduction to options trading course, you will learn a simple in-depth guide to trading options even as a complete beginner. You will get a complete foundation for understanding how options trading works, how its unique from just trading stocks, forex or crypto, what are the most important basics option terms you need to know, and more.

We'll also show you how you can make money in unique ways you can't just trading stocks, crypto or forex, along with how to use options to generate income, reduce risk and hedge your positions.

This intro to options trading course is suitable for beginning and intermediate traders to learn step by step on how to become a successful options trader.

In this course you'll learn:

Basics of Options Trading & How to Trade Them
How Option Trading is Different from Trading Stocks/Forex
Advantages & Disadvantages of Trading Options
Types of Options
Call/Put Options and How to Trade Them
What Option Premium, Strike Price & Expiration is
What ATM, ITM & OTM is
How to Read Option Profit & Loss Diagrams
Option Chain & How to Read it
Option Margin Requirements & Leverage
Bullish & Bearish Trade Examples Using Options
How to Execute Option Strategies on the ThinkorSwim Trading Platform
And more...

After completing this course, you will have a solid foundation and set of skills to trade the stock market on any time frame and be able to find profitable high probability trading setups in any environment.

Disclaimer: Trading is risky. The information provided in this course is for educational and informational purposes only.

Who this course is for:

Beginning traders wanting to learn how to trade options
Beginning or intermediate traders wanting to learn how to trade options to generate extra income using their stock portfolio
Beginning or intermediate traders wanting to learn how to trade options to reduce risk on their stock positions

Learn Options Trading - Become a Professional Options Trader

What you'll learn

Explore related topics

Course content

Learn Options Trading (Part 1)12 lectures • 40min

Learn Options Trading (Part 2)6 lectures • 14min

Covered Call Option Strategy6 lectures • 12min

Requirements

Description

Who this course is for: