Option Trading for Rookies: The Covered Call Option Strategy
4.4 (30 ratings)
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Option Trading for Rookies: The Covered Call Option Strategy

Learn to maximize your profitability of success, cut down your option risk and boost your monthly income trading options
4.4 (30 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
7,673 students enrolled
Last updated 6/2017
English
English
Current price: Free Original price: $95 Discount: 100% off
30-Day Money-Back Guarantee
Includes:
  • 1.5 hours on-demand video
  • 2 Articles
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Understand and learn how covered calls work
  • Use covered calls to lower your cost basis
  • Learn to increase probability of profit
  • Grow your trading account
View Curriculum
Requirements
  • Desire to learn
  • Everyone is welcome
  • A computer or tablet to watch the videos
  • Pen and paper for taking notes
  • Nothing else is needed, everything you need to learn to how to trade in the stock market is included in the course
Description

Udemy Course Updated: August 18, 2017  (Covered Call for Existing Stock + Quiz)

*****Join our family of almost 8,000 happy Udemy students who have enrolled in this course*****

Investing Strategies and Option Trading:

  • Do you want to learn how to trade options effectively?
  • How to trade in the stock market without losing your shirt... or blouse?
  • How to increase your profits while limiting your trading risk?


In this course you will learn all you need to know about covered calls.  Covered calls are a unique, simple and yet powerful combination of stock and option strategies.  

Why do you need to learn how to trade it?  Simple. It saves you money!

When you learn how to trade covered calls, you can buy stocks at undervalue market.  Basically, when you buy a covered call the right way, you are already making money.  In this course I will show you the right way to do it.

In this Udemy option course you will learn:

  • how covered calls work and how to trade them
  • how to set up covered calls correctly
  • how to lower your cost basis (basically how to pay less for the same stock)
  • how to set up powerful and easy-to-use option formulas
  • how to choose the right covered call to trade
  • how to establish and implement your monthly routine for creating a monthly income
  • and so much more!


Options trading is made easy.  

This course is packed with practical, insightful and educational option material.  You will learn all about stock options, option investing strategies, call options, put options, buying options versus selling options and other option strategies for income.

Learning how to trade options has never been easier.  We cover successful option trading strategies, options basics, how to do options trading and how to trade options for income.

We use option trading examples and visual illustrations of practical options strategies, to help you better understand options trading and how to trade them correctly.

This is a foundation course designed for those interested in learning the basics of trading options effectively and for anyone hungry to learn how to trade options.

This course is also for TastyTrade folks.  If you are a Tastytrader struggling to get up to speed, all my courses are designed to get you up and running in the minimal amount of time.

This course will teach you how to Trade Options and Earn Consistent Returns in the Stock Market for the Rest of Your Life.  It will start where "Option Trading for Rookies: Understand Options Completely" left off and take you all the way to trading effective option strategies, such as Verticals and Iron Condors.  

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In this course I will teach you how to trade options and earn consistent returns in the stock market for the rest of your life.  

There is no frivolous information here.  Our goal is to get you up and trading right away, so everything you need to know is here and presented in a straightforward and easy to understand format.  All the information is laid out and explained thoroughly on slides, and then illustrated on live trading platforms to show you how to use it in reality.

Myths will be busted:

1) Trading is not as complicated as professionals would lead you to believe, in fact it’s pretty easy

2) Trading does not take a lot of time.  You can do it from work or home in less than 15 minutes a day 

3) Trading does not take years to learn, I am going to teach you in only a few courses

No Fundamental or Technical Analysis is used or needed.  This program is based on strategy.  And strategy can be applied to any stock at any time.

Please also visit us at SharperTrades and take our FREE Webinar on Earning Monthly Income thru Options.

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I'm a firm believer that "Nobody Cares About Your Money More Than You Do."  I want to teach you how to manage your own money, so you don't have to pay exorbitant fees to Money Managers who get paid whether they make money for you or not.  

Young or old, everyone can learn to trade.  All you need is the calculator on your phone and you have all the tools necessary to take this course and learn a skill that can make you money for the rest of your life!

This course is for all levels: beginners, intermediate and advanced traders! All you need is an open mind and a passion to be successful!

Enroll in this course now and start trading options successfully!

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All our Sharper Trades courses come with:

  • 30 day money-back-in-full guarantee
  • Unlimited lifetime access at no extra costs
  • All future additional lectures, bonuses, etc in this course are always free
  • Our Sharper Trades team is always available to answer any question you might have regarding this course. Answers are given in less than 24 hours!
  • Your trading success is our goal!

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Over 30,000 students have already joined Sharper Trades courses. Join a large community of successful traders.

Click "Take This Course" and Start Trading Successfully TODAY!


Who is the target audience?
  • Anyone interested in trading options
  • Anyone interested in investing in stock options
  • Anyone interested in learning how to effectively and successfully trade the market using option strategies
  • Anyone who wants to generate income trading options
  • Anyone who want to refresh their option trading knowledge
  • Anyone who want to learn how to trade covered call options correctly
  • Tastytraders who are having a hard time get up to speed on understanding what is going on. This will get you up to speed quickly.
Curriculum For This Course
30 Lectures
01:20:50
+
Introduction to Stock Investing Strategies
7 Lectures 12:59



Quick Intro on what we're going to learn and why we absolutely should take the time to learn it

Preview 05:17

The scary reality of how Mutual Fund Managers are actually taking all your retirement money and leaving you with the scraps.  This should scare you into taking control of your own retirement account.

Preview 03:30

Udemy's New Review System
00:37

Exercise: Introduce Yourself to the Class
00:28
+
Covered Calls
8 Lectures 18:11

What does "Lowering Cost Basis" actually mean?  It is explained here.

Preview 01:42

Quick recap of how options work and the Rules for doing Covered Calls ("Covered Stock")

Preview 03:28

Option Trading for Rookies: Understand Options Completely
00:35

Setting up a Covered Call on a Trading Platform and what exactly is going on when we do it.

Preview 02:57

What does Lower Cost Basis mean when we Buy Stock?  Here is what a Covered Call looks like in reality and why we do it.

Preview 02:07

With all the different choices available to us, how do we know which Call to Sell?  We use the Golden 3 Criteria.

The Golden 3 Criteria Used to Create the Covered Call
04:19

Now that we know the Golden 3 Criteria, how do figure them out and use them?  We break it all down for you here.

The Golden 3 Criteria Explained
02:35

Q&A and Coaching - We Are Here to Help!
00:28

Recap of the Rules

Covered Calls
4 questions
+
Breaking Down the Golden Three Formulas
5 Lectures 14:59

We've seen the numbers, now let's take a look visually at what a Covered Call really is.

Visual Illustration of Covered Call - Part 1
01:58

We've seen the numbers, now let's take a look visually at what a Covered Call really is.

Visual Illustration of Covered Call - Part 2
04:21

These are the benefits of doing Covered Calls.  Cost Basis is always improved and Rate of Return has huge potential.  Here is a real world example so you can see both in action.

Cost Basis & Rate of Return Illustrated with Real Example
05:19

Why do we do one over the other?  Cost Basis and POP.  See them side by side and why we prefer Covered Calls.

Covered Call vs. Buying Stock Only
02:46

BONUS - Free Gift
00:35
+
Choosing your Covered Call
6 Lectures 24:59

How do we choose the correct call to sell?  It is purely a preference.  There is no right or wrong answer, it simply comes down to what is most important to you.  Cost Basis, POP or ROR?  See how to make that choice in a real world example here.

Choosing the Correct Call - Part 1
03:31

How do we choose the correct call to sell?  It is purely a preference.  There is no right or wrong answer, it simply comes down to what is most important to you.  Cost Basis, POP or ROR?  See how to make that choice in a real world example here.

Choosing the Correct Call - Part 2
05:02

How do we choose the correct call to sell against stock that we already own?  It is purely a preference.  There is no right or wrong answer, it simply comes down to what is most important to you.  Cost Basis, POP or ROR?  See how to make that choice in a real world example here.

Choosing the Correct Call - Part 3
06:10

Working out the numbers

Cost Basis and ROR
4 questions

So now we know how covered calls work and how to set them up.  At the end of every option expiration period, what do we do?  This is your new monthly routine, laid out based on every possible outcome.  

Your Monthly Routine - Rinse and Repeat
05:33

Why are we doing this?  How do we do this?  What choices do we need to make?  Covered Calls in a nutshell.

Covered Calls Recap
01:37

Let's take a look at some real world numbers and see how doing covered calls can help your retirement grow exponentially.

Growing your Retirement Exponentially
03:06

How to mix and match using the Golden 3 Criteria

Golden 3 Criteria
7 questions
+
Live Trading Examples
2 Lectures 06:11

Real time trading example using Facebook stock for our covered call.  Looking at Cost Basis, POP and ROR on 2 different examples.

Live Trade Example using Facebook (FB)
03:17

Real time trading example using Bonds (TLT) stock for our covered call.  Looking at Cost Basis, POP and ROR on 2 different examples.

Live Trade Example using Bonds (TLT)
02:54
+
Conclusion
2 Lectures 03:45

Covered Calls Checklist so you have it all in one place and you can cut it out and put on your wall.  Enjoy and happy trading!

Covered Call Checklist
02:53

BONUS - Follow Up Courses
00:52
About the Instructor
Kal Zurn
4.6 Average rating
159 Reviews
9,784 Students
6 Courses
Option Trader | Founder of Option Trading for Rookies

Kal is a successful options trader who is also founder of Option Trading for Rookies and a co-instructor at SharperTrades, an online trading education site that teaches effective and profitable trading strategies to over 30,000 students in 167 countries.

In 2013 Tastytrade, the largest online financial network in the world, featured Kal as one of its original Rising Stars.

Kal has spent years and thousands of hours learning how to trade options successfully, and has distilled all his knowledge down into simple, easy to understand courses that can get anyone with the desire up and trading options in only a few hours of instruction.

Kal is a passionate instructor whose goal is to teach people to "manage their own money" and achieve financial freedom.

You don’t need to be an expert to make money in the stock market. All you need to learn is how to increase your Probability of Profit and Kal will teach you that!

Luca Moschini
4.5 Average rating
810 Reviews
33,288 Students
16 Courses
Stock, Forex & Commodity Trader, Chinese Medicine Instructor

Luca Moschini is the founder of Sharper Trades, an online trading education site offering a comprehensive training program based on candlestick analysis, technical analysis and option strategies.

Luca is a swing trader with his main focus on individual stocks and ETFs. He trades US markets, predominantly NASDAQ, New York Stock Exchange (NYSE) and Chicago Mercantile Exchange & Chicago Board of Trade (CME Group) . He also trades gold, grains, natural gas and other commodities.

Luca runs Sharp Alert, a stock trading alert system based on technical analysis for day traders, swing traders and position traders. 

In addition, Luca is also the founder and head instructor of Dashen® Foundation. He carries on the tradition he was taught by his teachers who studied with highly advanced Tai Chi, Qigong and Jin Shin Jyutsu masters.

Luca travels extensively to share the teachings of Chinese Medicine. He also has a private practice in California and Oregon and teaches self-care techniques at Stanford University in Palo Alto, CA.

Luca Moschini is nationally certified through the NCCAOM (National Commission Certification of Acupuncture and Oriental Medicine).


TRADING RISK DISCLAIMER

All the information shared in our courses is provided for educational purposes only. Any trades placed upon reliance on Sharper Trades are taken at your own risk for your own account. Past performance is no guarantee.

While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss in all trading. All trading operations involve high risks of losing your entire investment. You must decide your own suitability to trade.

Trading results can never be guaranteed. This is not an offer to buy or sell stock, forex, futures, options, commodity interests or any other trading security.

FOREX

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 

The possibility exists that you could sustain a loss in excess of your initial investment. Therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.