How To Maximize Your Profits Trading Options

A Step-by-Step Course On Trading High Probability Short Strangles

Created byStephen Burnich

Last updated 5/2025

English

English [Auto],

What you'll learn

Manage your portfolio like a Hedge Fund
Execute high probability trades that win 90% of the time
Know exactly which Stocks & ETFs to trade...and which ones to AVOID!
See live trade examples...with REAL MONEY
Choose the best online broker for trading options
Understand how to profit from implied volatility - our real "edge" in trading
Set up your trading platform so that you can easily execute trades
Adjust your positions if a trade goes bad
Execute trades that are the right "size" based on your specific account value

Course content

1 section • 33 lectures • 2h 54m total length

Potential Trading Profits14:36
Legal Disclosures1:56
How To Contact Us1:52
Why Options?6:00
Learn why Options are the most powerful trading vehicle available
Preferred Brokers3:58
What Type Of Account Should I Apply For?5:02
Learn which type of account you should apply for, and the pros and cons of each
Naked Options5:41
Understanding the risk of selling Naked Options
Trading With Probabilities5:27
Understanding how to trade options using probabilities
What Is A Short Strangle?2:44
What Affects The Value Of An Option?5:25
Explore how volatility, time to expiration, and stock movement determine option value, and learn to profit by selling strangles when volatility is high and awaiting contraction.
Setting Up The Trade10:22
Analyzing The Trade5:35
Closing The Trade6:35
Close at about 50 percent of max profit; exit if losses reach twice the initial credit, and near expiration (10-15 days) roll or exit to manage gamma risk.
Short Strangle Variations15:35
Why Strangles?7:13
In this section we provide a HUGE backtesting study on trading strangles, and the potential profits you can make
Short Strangle Strategy Backtested Study3:28
Link to options backtester

https://cmlviz.com/register/navigationtrading-cml-trademachine-pro/
Opening Trade Example - Gold6:12
Closing Trade Example - Oil3:12
In this section I'll show you how to exit a winning trade
Adjusting The Trade - Part 112:40
Learn to defend trades by adjusting naked options, rolling the untested side to the 30 delta, and exiting under 21 days to expiration to reduce gamma risk.
Adjusting The Trade - Part 25:52
Adjusting The Trade - Part 35:04
Roll the untested side to the 30 delta when under 25 days to expiration and price hits a short strike; move to the next expiration cycle to reduce gamma risk.
Adjusting a Futures Position6:16
Adjust a near-expiration futures position by manually rolling the untested side to the next expiration, buying back the near-term put and selling a 47 put with a 48.5 call.
Rolling Options On Futures - Alternative7:08
Roll a short inverted strangle on futures from February to March, rolling down calls and extending duration for a net credit amid a sharp oil move.
Bonus Section - How To Trade "Strangles" In Your IRA3:37
Bonus Section - Straddles4:38
Learn what a Straddle is, and the best time to trade this strategy
Position Sizing4:09
Please watch this section several times. Keeping your position size small, it one of the most important keys to trading successfully
Monitoring Your Positions4:42
Learn to efficiently monitor your positions, so you can manage your trades efficiently
Course Recap2:16
Going Pro!5:01
Implied Volatility Indicator0:03
To access the NavigationTrading Implied Volatility Indicator use this link for instructions - https://navigationtrading.com/blog/how-to-load-the-navigationtrading-implied-volatility-indicator/
Course Resource Links0:02
eBook with Watch Lists0:01
eBook with Watch Lists
Join our Free Trading Community!2:20
Check out this overview of our new TradeHacker Community! To become a part of this free community, join our Free Membership at NavigationTrading here: https://community.navigationtrading.com

Requirements

STUDENTS MUST COMPLETE THE FREE COURSE - "Trading Options For Consistent Returns: Options Basics" BEFORE TAKING THIS COURSE
No prior trading experience is necessary, however this is an advanced strategy
Students will need access to a computer and internet connection

Description

*****Join Over 1,680 Students Currently Enrolled In This Course*****

This course is a complete step-by-step guide on how to create consistent returns trading Short Strangles. We reveal a trading strategy that is commonly used by Hedge Funds, Market Makers and Floor Traders.

Requirements

A computer with internet connection

BEFORE ENROLLING IN THIS COURSE PLEASE COMPLETE OUR FREE COURSE - "Trading Options For Consistent Returns: Options Basics"

Here is what you will get from this course

The NavigationTrading Implied Volatility Indicator - Load it directly to your trading platform!
The NavigationTrading Watch List - The most profitable symbols to trade...AND which ones to avoid!
Learn to make money trading 15 minutes per day. You DO NOT have to be glued to your computer screen
How to place high probability trades, that win over 90% of the time
Learn how to make money on trades if the market goes UP, DOWN or SIDEWAYS
How to open and close winning trades...and most importantly, how to fix a trade that goes bad
A little known trick to learn your Probability of Profit, before you even enter the trade
Lots of real life trade examples...using my own money
Students of our course can get a reduced commission rate at a top rated options broker
Unlimited email support from the instructor and his trading team

Who is this course for?

Anyone! Whether you are a brand new investor, or veteran trader, this course will provide you with the tools necessary to reach your financial goals. You could pay for the cost of this course with your first trade!

Who this course is for:

Those who want to stop paying ridiculous fees to "financial advisors"
Those who want to take control of their finances
Those who want to earn extra money every month to supplement their income
Those who want to make a full time income from trading