Options Trading for Rookies: Complete Guide to Stock Options
4.6 (132 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
11,589 students enrolled

Options Trading for Rookies: Complete Guide to Stock Options

Learn basic and advanced option trading strategies in one course, including covered calls, naked puts & iron condors
4.6 (132 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
11,589 students enrolled
Last updated 12/2018
English
English [Auto-generated]
Current price: Free Original price: $59.99 Discount: 100% off
30-Day Money-Back Guarantee
This course includes
  • 2.5 hours on-demand video
  • 2 articles
  • 1 downloadable resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
Training 5 or more people?

Get your team access to Udemy's top 3,000+ courses anytime, anywhere.

Try Udemy for Business
What you'll learn
  • Comprehensive course on Stock Options
  • Soup to nuts of Trading Options

  • Finally understand Options

Requirements
  • The only prerequisite for this course is the desire to learn to trade options
Description

*****Join our family of 9,000+ 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 Risk?


Verticals, Iron Condors, Naked Options etc. can all be very profitable option trading strategies when done correctly.  

In this course I show you every thing you need to know to trade them correctly, things to avoid and the risks associated with trading various option strategies.  

This Udemy option course will give you the roadmap to trade options efficiently, effectively and profitably.

In this Udemy option course, you will learn:

  • Calls & Puts

  • 5 Characteristics of Options

  • Buying Options vs Selling Options

  • The Covered Call Option Strategy

  • Breakeven Price, Cost Basis, Probability of Profit

  • Defined Risk Strategies like Verticals and Iron Condors

  • Naked Option Strategies

  • Risks and rewards of selling naked options

  • How to reduce the risks of selling options while increasing your profits

  • How to pick your win percentage on every trade you make

  • Risk of assignment (and stocks to avoid when selling naked options)

  • How to use duration (or expiration) and direction (uptrend, downtrend, sideways)

  • 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 will give you the step-by-step instruction:

  • Using Live Trading Platform examples

  • The Rules behind all types of strategies that increase your success rate 

You will see exactly how to set up trades in reality, not just a slide of it.

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.

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 lay 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 .com and take one of our FREE Webinars/Courses on Options.

---------------------------------------------------------------------------------------------------------------------------

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 the market successfully!

---------------------------------------------------------------------------------------------------------------------------

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!

---------------------------------------------------------------------------------------------------------------------------

Over 70,000 students have already joined Sharper Trades courses. Join a large community of successful traders.

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

Who this course is for:
  • Anyone who wants to learn to manage their own money
  • Anyone who wants to increase their success rate in the stock market
Course content
Expand all 68 lectures 02:38:50
+ Introduction
4 lectures 02:46

Any slides that use "Dough" as the trading platform now uses "Tastyworks" as the trading platform.  Same brokerage, same platform, only the name has changed.

Preview 01:19
Exercise: Introduce Yourself to the Class
00:25
+ The Covered Call
13 lectures 32:27

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

Preview 03:22

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 03:05

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

Preview 01:42

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

Option Basics Recap
03:28

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

Using Our Rules to Setup a Covered Call
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.

Lowering Cost Basis with Stock
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
Please help us
00:58

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 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
Covered Call Quiz
3 questions
Options: Let's get on the same page
00:10
Let's Start Trading
01:25
+ Understand Options Completely
8 lectures 16:39

Options finally defined in a way where everyone can understand them.

You will learn how stock options work, how to use leverage, probability of profit, time to expiration, strike stock adjustment to your advantage and how to trade options effectively and profitably.

I will teach you the foundation for creating option strategies for consistent income, and option trading for a living.

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.

Preview 01:53

These are the five characteristics of options. 

You will learn how stock options work, how to use leverage, probability of profit, time to expiration, strike stock adjustment to your advantage and how to trade options effectively and profitably.

I will teach you the foundation for creating option strategies for consistent income, and option trading for a living.

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.

Preview 02:37

These are the five characteristics of options. 

You will learn how stock options work, how to use leverage, probability of profit, time to expiration, strike stock adjustment to your advantage and how to trade options effectively and profitably.

I will teach you the foundation for creating option strategies for consistent income, and option trading for a living.

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.

Preview 00:57

These are the five characteristics of options. 

You will learn how stock options work, how to use leverage, probability of profit, time to expiration, strike stock adjustment to your advantage and how to trade options effectively and profitably.

I will teach you the foundation for creating option strategies for consistent income, and option trading for a living.

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.

Option Basics No. 3
01:33

These are the five characteristics of options. 

You will learn how stock options work, how to use leverage, probability of profit, time to expiration, strike stock adjustment to your advantage and how to trade options effectively and profitably.

I will teach you the foundation for creating option strategies for consistent income, and option trading for a living.

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.

Option Basics No. 4
01:54

These are the five characteristics of options. 

You will learn how stock options work, how to use leverage, probability of profit, time to expiration, strike stock adjustment to your advantage and how to trade options effectively and profitably.

I will teach you the foundation for creating option strategies for consistent income, and option trading for a living.

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.

Option Basics No. 5
04:01

We explain what calls are and how they work.

You will learn how stock options work, how to use leverage, probability of profit, time to expiration, strike stock adjustment to your advantage and how to trade options effectively and profitably.

I will teach you the foundation for creating option strategies for consistent income, and option trading for a living.

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.

Kinds of Options: Calls
02:15

We explain what puts are and how they work.

You will learn how stock options work, how to use leverage, probability of profit, time to expiration, strike stock adjustment to your advantage and how to trade options effectively and profitably.

I will teach you the foundation for creating option strategies for consistent income, and option trading for a living.

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.

Kinds of Options: Puts
01:29
+ Buying Options vs Selling Options
2 lectures 07:55

Time to learn how to Trade Options correctly and that means we are going to start Selling them instead of Buying them.  What?!

Preview 04:49

In this lecture we discuss buying put options vs selling put options.

You will learn how stock options work, how to use leverage, probability of profit, time to expiration, strike stock adjustment to your advantage and how to trade options effectively and profitably.

I will teach you the foundation for creating option strategies for consistent income, and option trading for a living.

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.

Preview 03:06
Understanding Options Quiz
3 questions
+ Selling Options for Monthly Income
10 lectures 31:05

Visual illustration of how a "Short" Put actually works

Short Puts Visual Illustration
05:36

The thinking behind the "Short" or "Naked" Put Strategy

When do I use Short Puts?
02:21

What is the risk associated with Selling Options?  It is explained right here.

Caution: The Risk of Assignment
03:06

You need to be aware of what you are responsible for when Selling Puts.  Huge Rewards make look enticing, but what are my risks if things don't go my way?

Danger: Selling Puts on High Priced Stocks
02:48

Here is a complete list of our Trading Rules to abide by when Selling Puts

Trading Checklist: Selling Puts
01:15

This is Trading Rule #3 from the Option Trading for Rookies course, "Make & Manage Profitable Trades."  If you plan on trading consistently, this course is a must moving forward as it is the key to success in trading.

Trading Rule#1 - Duration over Direction
01:32

If you are not familiar with the "5 Golden Rules" of Trading Verticals/Iron Condors already, I highly recommend taking the "Option Trading for Rookies:  Basic Option Strategies" course as it will break them all down for you since they also apply to Selling Options as well.

Trading Rule#2: Volatility (Explained & illustrated)
04:11

Let's take our Trading Checklist and see it used on a real trading platform to further illustrate how the rules work and how to apply them in reality.

Trading Checklist: Trading Platform Illustration
08:18
Define your Risk
00:16
Selling Options Quiz
4 questions
+ Verticals: Call and Put Options
10 lectures 18:10

Defined here, explained soon

Preview 01:00

Call Verticals explained

Shorting or Selling Call Verticals
02:42

Short Call Verticals explained on a Trade Page

Visual Illustration of Short Call Verticals
01:24

Short Call Verticals Explained in depth

Deeper Look into How Short Call Verticals Work
03:02

So did I make any money or not?

How Profits and Losses Work when Selling Verticals
01:52

Why Verticals are so much safer than Naked Options

Selling Naked Call Options Compared to Selling Call Verticals
02:41

We learned about Short Call Verticals, so here's the Put side of things

"Shorting" or Selling Put Verticals
02:16

Short Put Verticals explained on a Trade Page

Visual Illustration of Short Put Verticals
01:51

Why Verticals are so much safer than Naked Options

Selling Naked Puts Compared to Selling Put Verticals
01:18
Next Stop... Iron Condors
00:04
Verticals Quiz
3 questions
+ Iron Condor: The "Bread & Butter" Strategy
8 lectures 26:06

You don't need to pick a direction just a range

Preview 02:42

We start with the most widely used Iron Condor and its rules.

"Bread & Butter" Iron Condor Rules, POPs and Visuals
04:15

This may not be the software you use, but it serves as a great visual tool for exactly how to setup this Iron Condor and what exactly we are doing.

Trade Page Setup Illustration
03:29

Let's break down exactly what is going on with Iron Condors.  Profit/Loss, the POP and what Managing Winners actually means.

Trade Page Profit/Loss, POP & Managing Winners Explained
04:19

A good tool to have in your arsenal, Breakeven Price.

Breakeven Price Explained
02:44

Slides and explanations are great, but how do we actually make this trade on a real trading platform in real time. See it here.

Live Trading Platform Setup
05:18

What does Managing Trades actually mean and how do we do it.

Managing Winning Trades
03:09
Keys to Long Term Success in Option Trading
00:10
Iron Condor Quiz
3 questions
+ Making Profitable Option Trades
12 lectures 22:07

Defined and explained

Preview 01:29

Defined and explained

Preview 01:23

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

Making a Trade: The Checklist
00:43
Step 1: How to Create a List of Tradable Stocks
02:03

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

Step 2a: Checking Liquidity
01:28

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

Step 2b: Checking Liquidity Continued
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
+ Conclusion
1 lecture 02:04
BONUS - Follow Up Courses
02:04