Options Trading Bootcamp

ABOUT THIS LESSON:

Welcome to the Options Trading Bootcamp course! In this course you are going to learn the very profitable trades that we use everyday to generate income and profit in any market direction.

We created this course in 3 Parts:

Part One consists of sections 1-4. This part of the course covers the basics of options. These are the topics that you need to understand before you invest any money and that is what we are going to cover in the beginning part of this course.

Part Two consists of section 5-12. This is my favorite part of the course, because you are going to learn some very incredible ways to generate an extra stream of income using the monthly trades taught in this section. This income can fund your retirement, fund college tuition for your children, fund your portfolio to rapidly grow it over time, fund a charity that is close to your heart, or fund your luxury items and travel...or anything else that is important to you.

Part Three consists of sections 13 and beyond (I am constantly adding more content). This part of the course is for those of you who want a little more excitement (if you don't mind the extra risk) and may want the potential for higher rates of return or unlimited rates of return that an options trader can achieve. This part of the course is not for everyone as it involves trades that are more complex and more aggressive. However, some of you may want to allocate a small portion of your total portfolio to these types of trading strategies.

Options trading offers so many advantages to the informed investor/trader because when you trade options the correct way, and that is with a strict set of rules, you can enjoy monthly income, the potential for higher returns, profitable trades 90% of the time or better, and the ability to profit in ANY market direction. This is why I LOVE options trading.

Since options may be a completely new idea for you, I wanted to begin this course with a basic understanding of what options are and how they work, and how we use shorter- term options trades to complement our long-term investing strategy.

Here's what we cover:

* Options Basics

* Key Terms and Definitions

* Long Call

* Naked Call

* Covered Call

* Long Put

* Short Put

ABOUT THIS LESSON:

Now that you have an understanding of the basics of options, let's take it one step further.

In this section we are going to show some things that determine the price of an options contract. Prices change every second of the trading day, just likes stocks do. However, there are different factors that cause these prices to change. As an options trader, you need to be aware of what causes these price changes.

We will dive deeper into options pricing in Section 4 - The Greeks, but before you understand the more complex concepts, I want you to grasp the basics first.

Here's what we cover:

* Implied Volatility

* Historical Volatility

* Out of the Money

* At the Money

* In the Money

ABOUT THIS LESSON:

Before you can trade options, you must first be approved to trade options by the trading platform that you will be using to place your trades.

There are dozens of options trading strategies that you can utilize as an options trader. Some are very conservative and some are very risky. Before you can be approved to trade the more complex strategies, you need to start off with some of the basics first.

As you get more trading experience, all you need to do to get approved for higher levels is ask the broker/dealer you are working with.

In this section we go over in detail each of the Options Trading Levels and which strategies can be traded within each level.

Here's what we cover:

* Opening an Options Trading Account

* Level 1: Covered Calls
* Level 2: Buying Options

* Level 3: Spreads

* Level 4: Uncovered Options

* Level 5: Uncovered Index Options

ABOUT THIS LESSON:

Options traders often refer to a few terms when it comes to their options positions and those terms are called Delta, Gamma, Theta, and Vega. These terms are referred to as the Greeks, and they provide a way to measure the sensitivity of an option's price to quantifiable factors.

The Greeks refer to simple concepts that can help you better understand the risk and potential reward of an option trade .

It is important to understand what factors contribute to the movement in the price of an option and the effect they have in relation to the underlying security.

Here's what we cover in this section:

* Theta

* Gamma

* Theta

* Vega

ABOUT THIS LESSON :

Part Two
At last, we are finally getting into the fun part of the course. In Part Two, you are going to learn all of the income generating trades that we use every month.

In this section you are going to learn about an income strategy known as Spreads, and then I will teach you the one trade that I use more than any other options trade. This is called a Bull Put Spread.

We trade Spreads for monthly income, high probability of success, and the ability to profit in any market direction...even if we are WRONG! Although we can win in any market direction, there are spreads that we use when we think the market will go up, there are spreads we use if we think the market will go down, and there is a combination spread that we use if we think the market will be trading sideways.

A Bull Put Spread in an income generating trade that we use if we think the market is bullish, meaning we think the market or the underlying security we are trading will be trending up.

Here's what we cover:

* Types of Spreads

* Benefits of Spreads

* What We Trade

* Bull Put Spread

ABOUT THIS LESSON:

In this section, we are going to go over the Bear Call Spread. This is very similar to the Bull Call Spread, but the difference is that this is a Bearish Trade. We expect the market or the underlying security will be trending down.

Most investors only know how to make money if the market is going up. Fortunately, the market goes up more often than it declines, but when it eventually does decline, the average investor just takes it on the chin because they do not have a plan to make money until market conditions improve.

Successful investors and traders have a plan for when things go south and they know how to profit in those market conditions. That is what separates them from the average investors.

The Bear Call Spread is such an important strategy to know because now you will be able to make money, even if the market or the underlying security is declining.

Here's what we cover:

* Bear Call Spread

* Trading Rules

* Examples of Trades

ABOUT THIS LESSON:

Sometimes, the market is stuck in a narrow trading range. Maybe it is the summer lull where most of the professional traders take some time away from Wall Street. Other times there just might not be any bad news weighing on the market, there isn't an abundance of optimism either, or sometimes the market is in a waiting pattern waiting for a big catalyst, such as an election or other major news event. During these times, the market doesn't seem to move much at all. It is hard to make money if nothing is moving...until NOW! We have the perfect trade to profit from very little market movement.

The Iron Condor, also known as just a Condor, is a very interesting way to profit from the market or underlying security even if it is trading flat and not moving much at all. With this trade, that is exactly what we want to occur...as little movement as possible.

Now that you have learned what a Bull Put Spread and a Bear Call Spread is, you also know how to place those trades, and when and why we use them, you should fully understand the Iron Condor. This trade is simply a combination of a Bull Put Spread and a Bear Call Spread and our goal is that the underlying security we trade, stays within the range of each spread.

This is one of the best income generating strategies because you will be collecting two premiums, instead of just one.

Here's what we cover:

* When to Trade an Iron Condor

* The Drawbacks of an Iron Condor

* Trading Rules for Entering and Exiting a Trade

* The Advantage of Time Decay

ABOUT THIS LESSON:

As you learned in the last section, sometimes the market just isn't moving. That can be frustrating if you are an investor who only knows how to make money if the market is going up.

You learned how to profit in a sideways trending market using an Iron Condor on any stock or index that is tradable, but that was a trade on a security you didn't currently own. What should you do if you currently own a stock or an index ETF...and it isn't moving??? Should you sell it or should you hang in there?

In this section you are going to learn an awesome, yet very simple way to profit on stocks you already own...but are stuck in a sideways pattern. This strategy you are about to learn can help you earn double digit returns even if the stock doesn't move, AND you can also make a small profit if those same stocks go down in value.

You will be amazed at how incredibly powerful and simple the Buy Write Combo trade is and you will be wondering why you haven't been using this all along.

Here's what we cover:

* Buy a Stock

* Sell a Covered Call

* Sell a Put

* Trade Examples

* Best Case Scenario

* Average Case Scenario

* Worst Case Scenario

ABOUT THIS LESSON:

Let's face it, we are all humans and none of us are perfect...and neither is our trading performance. Losing trades happen to the best of us, even Warren Buffett. It is all par for the course. Losses are going to happen. We need to accept that, but we can also do our part in reducing the frequency of those losing trades.

We can reduce them by using our Trading Journal and see what we are doing right on our winners and repeat what we did right. The Trading Journal will also help us see what we are doing wrong on our losers, so we can eliminate those mistakes. But there is another way we can reduce the number of losers that we experience as investors and traders.

The first is called the Stock Repair strategy. This involves using options to help recoup losses on a stock position that didn't go our way.

The second strategy is called Rolling Out. This is a strategy that only applies to option SELLERS and this is just one more reason why I love being an options seller. We can use the strategies you are about to learn and turn our losing trades into potential winners!

Here's what we cover:

* The Stock Repair Strategy (for stock investments)

* Rolling Out (for options trades)

ABOUT THIS LESSON:

You have heard me say a few times that the average investor only knows how to make money if the stocks they own go up.

So far in this course, you have learned a strategy to profit if the market is trending up (Bull Put Spread), you have learned a strategy to profit if the market is trending down (Bear Call Spread) and you now know how to profit if the market is trading sideways (Iron Condor and Buy Write Combo). Those are some very powerful tools to have but there is still one more way that you can profit even if the stocks you own do not go up.

Lowering Cost Basis is another awesome strategy to help us make even more money on existing holdings. Cost basis is the average cost we paid to own an investment and if we can lower that average cost, that will enhance our total return. We can use very basic options trading strategies to chip away at the total cost per investment, and over time, since the total cost of investment DECREASES, our net rate or return INCREASES.

Powerful stuff, isn't it!!!

Here's what we cover:

* Dollar Cost Averaging

* Dividends

* Selling Puts

* Selling Covered Calls

ABOUT THIS LESSON:

Welcome to Section 11! This is my most favorite section out of all the courses that I teach.

In this lesson you are going to learn how to retire on a fraction of what the professionals say you need. If you are worried that retirement may be too far away based on your current savings, then this section will open your eyes to the possibility that retirement may be significantly closer than you realize. You are going to learn how to have the income you collect each month from your options trades fund your retirement.

If retirement is not your goal, then we are going to show you how to rapidly fund your investment portfolio with the premiums collected from the options trades you have learned in this course. You will learn a strategy that I use to double the rate at which I grow my long-term investments.

You will also learn how to live like the rich...and by that I mean you will learn how to buy your luxuries the way the rich buy their luxuries. The average person pays for their luxury items using earned income...and then once that money is spent, it is gone. The rich build income producing assets that produce the passive income to pay for those same items. And once the money is spent, the cash flow consistently replenishes itself, over and over again. Before you take that next vacation, or buy your next car, make sure to create a cash-flow generating asset first. Let the cash flow from that asset pay for those items on your behalf instead of your earned income.

Here's what we cover:

* How Much Do You Need to Retire

* The 4% Goal

* How to Rapidly Grow Your Stock Portfolio

* Live Like the Rich

ABOUT THIS LESSON:

In this lesson you are going to learn the amazing benefits that a Traditional and Roth IRA offer investors, such as: tax-deferred growth and, if you qualify, tax-free withdrawals (Roth IRA).
As great as IRA accounts are, one big drawback is that we are limited as to how much we can contribute into our accounts each year. Although we can only put away a small amount into our IRA each year, today you will learn a very simple, yet incredibly powerful way that we can contribute unlimited amounts of "contributions" coming from OTHER PEOPLE.

By adding additional "contributions", this can have an astounding compounding effect on the long-term growth of your retirement account, by simply utilizing a basic options trading strategy that will fund YOUR IRA by using other people's money, OPM.
Here's what we cover:
* What is An IRA* Tax-Deferred Growth * Annual IRA Contribution Limits* How How to Crush the Contribution Limits Using OPM

* How to Use OPM to Fund and Accelerate Your IRA