Options Trading for Rookies: Make & Manage Profitable Trades
4.7 (20 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.
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Options Trading for Rookies: Make & Manage Profitable Trades

Part 3: Learn to make and manage profitable trades, find stocks to trade, use correct position sizing, liquidity & more
4.7 (20 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.
529 students enrolled
Last updated 6/2017
English
Current price: $10 Original price: $95 Discount: 89% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 2 hours on-demand video
  • 2 Articles
  • 4 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Confidently make trades
  • Manage trades for maximum POP and Profitability.
  • Understand the basic concepts of how options work
  • Get a refresher of basic option trading strategies using volatility, probability of profit, and other essential option trading elements
  • Create and analyze a checklist of key option elements to help you maximize your profitability while keeping your risks small
  • Learn to create watch lists following specific criteria
  • Understand the correct option position size when buying and/or selling verticals
  • Learn how to widen the strike depending on the option strategy you decide to use
  • Learn when to choose market direction over option expiration
  • Learn and understand how to manage your winning trades and maximize your profits
  • Learn and understand how to control your losing trades and minimize your risks
  • Understand and apply the importance of diversification
View Curriculum
Requirements
  • Everyone is welcome
  • Desire to learn
  • Pen and paper for taking notes
  • Basic understanding of how to buy and sell options (including vertical options and iron condors)
  • Nothing else is needed, everything you need to learn to how to make and manage option trades is included in the course
Description

Udemy Course Updated: May, 2017

*****Join our family of roughly 500 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?


Understanding how options and how to trade basic option strategies, is only half the battle.  The next most important step is to actually make a trade and manage it correctly.  This course will give you the roadmap to do that efficiently, effectively and profitably.

In this Udemy option course, you will learn:

  • the concepts of greeks, fundamental analysis and technical analysis
  • the foundation of how to make an option trade
  • how to create a watchlist of stocks to trade using options
  • key elements to analysis before entering a trade (liquidity, earnings, implied volatility...) 
  • how to manage a trade, once you have opened a position
  • your position size when buying options and when selling options
  • how and when to widen the the strike price using real trading examples
  • how to use duration (or expiration) and direction (uptrend, downtrend, sideways)
  • how to outperform your probability of making money in a specific trade
  • when to take profit
  • how to manage losing trades
  • and so much more!


Options trading is made easy.  

This course is packed with practical, insightful and educational option material.  These lessons are truly priceless.

It's easy to play with paper money or track certain trades and see how they perform, but nothing prepares you for trading real money except real trading.  Watching your profits and losses move up and down on a daily basis is enough to put anyone on an emotional rollercoaster.  

The only way to prepare yourself to handle the ups and down of trading is to have a solid plan going into it.  This course will give you that!  Learning how to trade options has never been easier.  This course is a MUST. 

This course will give you the step-by-step instruction:

  • how to make high probability option trades 
  • the rules you need know to manage those trades profitably.  

Our goal here is to give you the confidence you need to trade successfully, and the way to do that is thru knowledge and knowing how to do the right thing.  

As long as you learn to trade options following the rules we lie out for you in our option courses, over time YOU WILL BE a successful trader.  

We are going to teach you the "right way" to trade, so you can be a successful trader for the rest of your life.  

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


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This is part of three of a 3-course option bundle: 

  1. Understand Options Completely
  2. Basic Option Strategies  
  3. Make & Manage Profitable Trades 

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

I will take you from absolute ground zero of stock option trading knowledge (i.e. "what is an option?") all the way to trading different option strategies in only a few courses.

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.

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

  1. Are you looking to get consistent returns?
  2. Are your trading returns erratic?
  3. Are you hesitant or scared to make a trade?
  4. Do you close profitable trades too early?


If you answered yes to one of these questions, then this course is for you!

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 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 the market successfully!

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!

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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!


Who is the target audience?
  • Anyone interested in trading options
  • Anyone interested in investing using stock options
  • Anyone interested in learning how to effectively and successfully make and manage option trades
  • Anyone who wants to generate income trading vertical options
  • Anyone who want to refresh their option trading knowledge
  • Anyone familiar with buying and selling options (including vertical options and iron condors) who wants to improve their ability to manage and profit from option trades
  • 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.
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Curriculum For This Course
59 Lectures
01:56:42
+
Course Introduction
4 Lectures 03:29

Risk Disclaimer
00:17


Udemy's New Review System
00:37
+
"Understand Options Completely" & "Vertical Option Strategies" Course Recaps
13 Lectures 24:53

Recap from prior courses, "Option Trading for Rookies:  Understand Options Completely" and "Option Trading for Rookies: Trading Vertical Strategies"

Preview 02:19

Option Trading for Rookies: Understand Options Completely
00:35

Recap from prior courses, "Option Trading for Rookies:  Understand Options Completely" and "Option Trading for Rookies: Trading Vertical Strategies"

"Vertical Option Strategies" Course Recap
01:00

Recap from prior courses, "Option Trading for Rookies:  Understand Options Completely" and "Option Trading for Rookies: Trading Vertical Strategies"

"Vertical Option Strategies" Course Recap: Selling Call Verticals
02:36

Recap from prior courses, "Option Trading for Rookies:  Understand Options Completely" and "Option Trading for Rookies: Trading Vertical Strategies"

"Vertical Option Strategies" Course Recap: Buying Call Verticals
02:24

Recap from prior courses, "Option Trading for Rookies:  Understand Options Completely" and "Option Trading for Rookies: Trading Vertical Strategies"

"Vertical Option Strategies" Course Recap: POPs for Buying vs. Selling
02:20

Recap from prior courses, "Option Trading for Rookies:  Understand Options Completely" and "Option Trading for Rookies: Trading Vertical Strategies"

"Vertical Option Strategies" Course Recap: Learning to Trade Verticals
00:48

Recap from prior courses, "Option Trading for Rookies:  Understand Options Completely" and "Option Trading for Rookies: Trading Vertical Strategies"

"Vertical Option Strategies" Course Recap: Option Pricing
03:02

Recap from prior courses, "Option Trading for Rookies:  Understand Options Completely" and "Option Trading for Rookies: Trading Vertical Strategies"

"Vertical Option Strategies" Course Recap: Volatility
03:15

Recap from prior courses, "Option Trading for Rookies:  Understand Options Completely" and "Option Trading for Rookies: Trading Vertical Strategies"

"Vertical Option Strategies" Course Recap: Trading Rule #2
02:01

Recap from prior courses, "Option Trading for Rookies:  Understand Options Completely" and "Option Trading for Rookies: Trading Vertical Strategies"

"Vertical Option Strategies" Course Recap: Trading Rule #3
01:52

Recap from prior courses, "Option Trading for Rookies:  Understand Options Completely" and "Option Trading for Rookies: Trading Vertical Strategies"

"Vertical Option Strategies" Course Recap
02:06

A quick recap quiz of the prior two "Option Trading for Rookies" courses.  "Understand Options Completely" and "Trading Vertical Strategies"

Recap of "Understanding Options" and "Vertical Strategies"
5 questions

Option Trading for Rookies: Trading Vertical Strategies
00:35
+
Trading Terminology Definitions
4 Lectures 04:19

Defined and explained

Preview 00:59

Defined and explained

Preview 01:29

Defined and explained

Preview 01:23

Q&A and Coaching - We Are Here to Help!
00:28
+
Five Step Checklist for Making Trades
9 Lectures 18:16

The complete checklist for making a trade.  Each point will be explained in detail as we move forward.

Preview 00:43


The first and most important step in making your watchlist of tradable stocks

Preview 01:28

The first and most important step in making your watchlist of tradable stocks

Preview 01:06

Using the Dough Trading Platform for watchlists

Step 3a: Watch List Creation
01:02

Before we make a trade, we need to check for possible Earnings

Step 3b: Checking for Earnings
03:50

The most important step in actually making a trade

Step 4: Checking Implied Volatility
02:33

Why wouldn't you want to do the same thing as the most successful investor of all time?

Step 5: Think like Warren Buffet
04:04

Print it up and put it on your wall

Making a Trade: Recap of Five Steps
01:27

Making Trades, our Checklist

Making a Trade
5 questions
+
Five Rules for Managing Trades
9 Lectures 22:16

The key rule in being able to trade for a lifetime 

Preview 01:39

How much do I have to make back to get even?!

Preview 03:04

So how do I trade small?  Here's how you do it

Position Sizing Rules
01:45

Higher POP, Higher Risk

Position Sizing: Selling Verticals
02:27

Lower POP, Lower Risk

Position Sizing: Buying Verticals
01:33

Taking more risk without Buying/Selling more options?  Show me how

Position Sizing: Widening the Strikes
04:33

Taking more risk without Buying/Selling more options?  Here's how you do it

Position Sizing: Widening the Strikes Comparison
02:47

Here's how you widen the strikes in a real trading environment

Position Sizing: Real Trading Platform Example
01:17

Here's how you choose how wide to go

Position Sizing: Widening the Strikes Comparison #2
03:11

Rule No. 1

Managing Trades - Trade Small
3 questions
+
Trading Rule No. 2: Trade Often
4 Lectures 08:14
BONUS - Free Gift
00:35

We trade more because it helps us?

Preview 02:53

This is exactly why Vegas always wins 

The Law of Large Numbers Explained
02:26

The only way to consistently make money in the stock market is discipline.  Lose it, and you lose you money

Wealth Creation Is All About Discipline
02:20
+
Trading Rule No. 3: Duration Over Direction
3 Lectures 06:23

Since you can never be 100% sure of the direction a stock price will take, why not give yourself time to be right

Preview 01:20

Time to be right visualized

Duration over Direction Illustrated
03:04

With expiration comes unnecessary risk, and who would ever choose unnecessary risk?

Avoiding Expiration
01:59

Managing Trades - Rule No. 2 and No. 3
3 questions
+
Trading Rule No. 4: Managing Winners
7 Lectures 19:57

Just because it's a winner today, doesn't mean it will be a winner tomorrow.  As a wise trader once said, "Nobody ever went broke taking profits."

Preview 02:00

In case you didn't blindly believe me (which you shouldn't), here's the actual proof.

Managing Winners Works: The Proof
03:20

Why do I want to outperform the POP?  Here's why.

Outperforming POPs
02:51

The Golden Rule of becoming a long term profitable trader

Managing Trades: 50% Profit is the Key
03:23

Let's look at all these rules in action

Selling Verticals: Trade Page Example of Managing at 50%
03:39

Let's look at all these rules in action

Buying Verticals: Trade Page Example of Managing at 50%
02:33

Nobody likes a loser

Managing Losing Trades
02:11

Managing Trades - Rule No. 4
5 questions
+
Trading Rule No. 5: Diversify
2 Lectures 04:20

Ever heard the saying, "don't put all your eggs in one basket?"  Here's why

Rule No. 5: Diversification
01:49

The nuts and bolts of diversifying

Diversification: Stocks from Different Sectors
02:31
+
BONUS: Vertical Management Spreadsheet
1 Lecture 01:11

No need to work out anything yourself, or fear you are doing something incorrectly.  This spreadsheet will track all your trades and tell you when to close them and how much risk/reward you have on each trade.  A truly invaluable tool for any trader.

Vertical Management Spreadsheet
01:11
1 More Section
About the Instructor
Kal Zurn
4.7 Average rating
156 Reviews
9,706 Students
5 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
801 Reviews
33,187 Students
15 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.