Essential Options: Strategies for Mastering the Stock Market
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Join Pro Market Advisors (PMA) founding partners Rick Swope and Shawn Howell as they introduce you to some of the core principles and teach you the strategies necessary to becoming a skilled option trader.
Designed for novice stock investors and beginning option traders, the PMA Essential Options course: provides twenty-five video recordings from PMA’s online webinar training sessions along with their 58 page Intro to Options color manual in PDF and three 20 questions quizzes to test your knowledge. In total you'll receive over four hours of video training. The Stock Market Training course covers topics such as Technical Analysis, Risk Management, Stock Selection and Six Basic Option Strategies (Long Calls, Speculative Puts, Protective Puts, Covered Call/Buy Write, The Collar and Bull Call Spreads.
Rick Swope and Shawn Howell founded Pro Market Advisors to offer you quality, non-hyped, real world financial education. PMA partnerships include the leaders in trading and investing: E*TRADE, Chicago Board Options Exchange, The Options Industry Council, NYSE Euronext, NASDAQ, and ISE. Rick and Shawn are also the co-authors of Trading By Numbers (Wiley Global Finance, 2012).
Take this ultimate Stock Market Training course and learn stock market for beginners with 6 essential strategies.
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|Section 1: Why Trade Options Introductory Video|
Rick Swope explains why Investors and Trader should consider options.Preview
|Section 2: Technical Analysis|
|In this lecture Rick Swope explains how the use of price and volume charts (Technical Analysis) differs from the traditional approach of evaluating a company's stock by evaluating the company's business metrics (Fundamental Analysis)|
|Rick covers the technical definitions and identification of up, down and sideways trends.|
|Rick introduces the four key price points in a candlestick chart.|
|Rick describes the construction and application of Spinning Top and Doji candle patterns.|
|Rick describes the construction and application of Shooting Star and Hammer candle patterns.|
|Rick describes the construction and application of Bullish Engulfing and Bearish Engulfing candle patterns.|
|Rick teaches the key trend-following indicator - the Simple Moving Average.|
|In this session, you'll learn how to apply volume indicators to your chart and pattern analysis.|
|This session will introduce you to one of the basic oscillating indicators: the Relative Strength Indicator (RSI).|
|This video shows you the construction and application of the Moving Average Convergence Divergence (MACD) indicator for trending markets.|
|Section 3: Basic Option Concepts and Strategies|
|In this lecture Rick and Shawn identify, define and explain option terminology.|
|In this lecture Rick uses an option matrix to explain the rights and obligations of buyers and sellers of puts/calls.|
|Investors can choose various investment vehicles. In this lecture Shawn reviews the pros and cons of using stocks over options.|
|In this Lecture Shawn highlights the advantages and disadvantages of using option contracts over shares of stock.|
|In this lecture you'll learn the market mechanics of call options.|
|In this lecture you'll learn how call options are used as a way to speculate on short upside moves or as a stock substitute for longer term trades.|
In this lecture you'll learn how put contracts can be used to profit in down markets.
Basic Option Concepts and Strategies
|Section 4: Intermediate Option Strategies|
|Puts are often used to protect profit and equity. In this lecture you'll learn protective strategies.|
|In this lecture you'll learn how to use options on existing stock positions to generate portfolio income, enhance returns and lower the cost basis of your shares.|
In this lecture you'll learn the components that go into the valuation of call options.
|In this lecture you'll learn the trader's version of the covered call as a short term income generation strategy, the buy/write.|
|In this lecture you'll learn a defensive option strategy using covered calls and protective puts in combination.|
|Spread orders are the mainstay of professional option traders. In this lecture you'll learn why option spreads make sense for the professionals and retail traders too.|
|Vertical spreads can be adjusted for almost every market condition in this lecture you'll learn how spreads adjustments effect risk, reward and probability.|
|In this lecture you'll learn the mechanics of opening and closing vertical spreads and how to manage the position.|
|Quiz 3||20 questions|
This quiz consists of 20 questions from Section 3, Intermediate Option Strategies. Some are easy and others are designed to trip you up. Good luck!
Concluding Message from Rick and Shawn
As a veteran in the financial industry and primary education provider for E*TRADE, Rick Swope has presented in hundreds of seminars across the U.S. and around the world. His expertise includes technical analysis, market strategy and risk management. Rick has presented with some of the top financial exchanges including the Chicago Board Options Exchange, the New York Stock Exchange and the NASDAQ OMX. Rick created the first market technical analysis consulting team for a financial firm with $1 trillion in client assets. He has extensive media experience including a regional PBS weekly show, a national PBS pledge program and numerous radio and television appearances. He is the principal author of the Amazon bestseller, Five Points for Trading Success (Wiley, 2007). Rick has the ability to present trading, investing and financial topics with humor and energy – suitable for a financial and non-financial audiences alike.
Shawn Howell is an accomplished speaker, trader, author, and educator, having presented to hundreds of audiences around the world. He is a CBOE Master Instructor and serves as the primary educator for E-Trade. Shawn regularly presents with the CBOE, NYSE, the Options Industry Council, and many other industry icons. As an expert in the use of various financial instruments, Shawn teaches skill based technical trading strategies designed to consistently outperform the market while mitigating risk. Over the past two decades, he has held executive positions with some of the financial industry’s leading brokerage and training firms. Shawn’s style of presenting and educating incorporates entertaining and enlightening “real world” stories and examples to teach the audience seemingly complex concepts in a way audiences at all levels can absorb. He is the co-author of Trading By Numbers (Wiley, 2012) and co-founder of a successful consulting firm specializing in retail and corporate investment education.