The Smart Option Trader
3.6 (19 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.
416 students enrolled
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The Smart Option Trader

Learn To Make Profits Trading Options. Step By Step Examples Of Basic And Advanced Trades.
3.6 (19 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.
416 students enrolled
Created by Tod Pellaton
Last updated 10/2013
English
Current price: $10 Original price: $45 Discount: 78% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 11 hours on-demand video
  • 17 Articles
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • By the end of this course you will be competent to analyze any simple or complex option position so you can make informed decisions.
  • You will learn many tips and tricks to help you reduce your trading costs.
  • You will learn option trading basics as well as many advanced topics and see them applied in many hours of video examples.
  • You will learn how to access the risks and rewards of any type of option trade.
  • Learn how options are priced in the markets and how to quickly forward test how different market scenarios will affect your positions.
  • You will learn a simple step by step process for option trade analysis.
  • You will see many hours of of video showing examples for most common option positions as well as customized positions.
View Curriculum
Requirements
  • Broadband internet connection to view streaming videos.
  • An options broker is recommended in the course.
Description

In this course we will help you learn about trading options and how to quickly and effectively evaluate many different types of option positions. You will see how easy options are to trade profitably once you understand some basic concepts and apply a simple step by step process to analyze your trades. In the many videos, you will also see many different option strategies and together we will step through and analyze each of these trades. In addition to the unique information you will be learning here, you will also gain enough knowledge to create and evaluate your own option strategies that will fit your personal trading style. Once you master these easy skills, you will be able to traverse the option trading universe and will never be fooled again. You will also be able to quickly build a potential trade and decide if a trade is to risky for you or if a trade may have an acceptable return. To sample some of the content in this course, the course introduction text and several review chapters have been made available to view for free.

Who is the target audience?
  • Anybody who wants to learn how to trade options profitably.
  • Intermediate option traders who want to refresh the basics and move up to more advanced topics.
  • Advanced option traders who want to refresh the basics and see advanced methods for option trade analysis from a veteran trader.
Compare to Other Options Trading Courses
Curriculum For This Course
74 Lectures
12:48:50
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Introduction
1 Lecture 06:23
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Why Trade Options
2 Lectures 08:09
Why Trade Options
03:07

In this video we will go over some most common reasons people use options in their trading. Keep the following objectives in mind as we progress through this course and try to recognize how it can help you. No matter what your objectives are there are options for you.

Preview 05:02
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Trading Concepts
5 Lectures 43:04
Trading Psychology
18:33

Trade Management
03:53

Capital Management
04:25

Technical Analysis
03:45

This video takes a quick look at the basic charting functions in the Think or Swim (TOS) software. The charting functions in TOS are as good as I have seen anywhere and contain many standard features. The charts also have a section where you can program in your own indicators, functions and even trading systems.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

TOS Charts Video
12:26
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Brokers
3 Lectures 33:06
Option Brokers
07:33

Account Types
03:27

In this video we open up the Think or Swim (TOS ) software and take a quick tour.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Intro to TOS Video
22:05
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Option Contracts
2 Lectures 14:52
What Is An Option Contract
05:58

Put And Call Basics
08:54
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What To Trade
4 Lectures 44:23
Stocks And ETFs
08:20

Option Indexes
02:44

In this video we will discuss how to narrow down the universe of assets that are good candidates for option trading.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

What To Trade Video - Stocks And ETFs
16:14

We will look at some of the special broad market indexes available and how they differ from stocks for option trading.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

What To Trade Video - Indexes
17:04
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Volatility
6 Lectures 43:01
Volatility Basics
06:19

Volatility Indexes
02:57

In this video we will introduce some of the ways that probabilities are presented in the TOS software.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Probability Video
14:11

Here we will explore the relationship between the VIX and SPX tickers (S&P 500 volatility vs S&P 500 index) .

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

SPX And VIX Video
08:28

In this video we will look at examples of how the VIX influences option prices.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

VIX To Option Pricing Video
04:52

Here we will show how to install volatility graphing in the charts for any ticker.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Volatility Graphing Video
06:13
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Option Pricing
8 Lectures 01:18:31
Option Pricing Elements
02:55

Monyness
02:45

The Greeks
08:05

Option tables or option chains contain all the options available for a given underlying instrument or asset. They are sorted by expiration month and by strike price. The strike pricing is the different price points for an asset where a standard option is available. The prices for these options are displayed as a bid price and an ask price. The bid price is typically the price at which you would sell the option and the ask price is typically the price at which you would buy an option. The difference between the bid and ask prices are called the bid/ask spread. In addition to the bid ask prices the tables may be configured to contain other information that is pertinent to the option such as the volume, open interest, the Greeks, Implied volatility and other information. This is the first of 4 videos on using option tables in TOS. We will see that these option tables are very versatile and full of valuable pricing information. In this first video we will be introduced to the tables and see the how the concept of monyness is viewed. This all sounds very confusing so let’s just take a look at the option tables on the TOS software in some video’s now. We will see that these tables are well organized and easy to read and easy to decipher these pricing components or labels.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Option Table Video - Intro And Monyness
11:38

We will see how to adjust the tables to give us volume and open interest information.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Option Table Video - Volume And Open Interest
14:00

We adjust the option tables to show the Greeks and discuss each of them.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Option Table Video - The Greeks
10:05

We will have the tables show us some Theo pricing adjustments and how changing elements of the greeks can be influence an options price. Don’t miss this video!

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Option Table Video - Theo Pricing
09:36

In This video, we will look at a process to look at a chart, select a single option to buy (put) and analyse the position. We will see how the option compares to stock ownership or shorting the stock in this case. We will also discuss the risk / reward ratio associated with this trade and the leverage.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Option Table Video - Pricing Process For Single Option
19:26
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Buy A Call
8 Lectures 01:26:43

Now that we have all the basic theory completed the rest of the course will be all videos. In this video we will introduce buying a call and some basic features of the analyze tab in the TOS software.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Buy A Call And Intro To The Risk Profile Tab
07:02

In This video we will show how to select an option from the tables for use in the analyze tab.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Buy A Call Option Selection
10:40

In this video we will start to analyze a call option.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Buy A Call Analysis 1
13:18

More buy a call option analysis in the TOS analyze tab.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Buy A Call Analysis 2
10:06

Here we will show the confirm purchase window and other features.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Buy A Call - Confirm The Buy
09:02

In This video we will discuss how an option has much more leverage than a stock purchase. We will also see how the leverage can be adjusted.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Buy A Call - Leverage
14:15

We will look at call options that expire in more than a year.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Buy A Call - ITM Leaps
13:19

In this video we introduce the think back tab where we can back test some option plays using different market scenarios and market pricing from the past.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Buy A Call - Think Back Intro
09:01
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Buy A Put
3 Lectures 31:30

Select puts to buy and analyze.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Buy A Put - Option Selection
09:45

In this video we will analyze long puts using the TOS analyze tab.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Buy A Put - Analysis
10:12

More examples of leverage in action when buying a put.

Note: This video is best viewed with the 720p setting (HD button on video control bar) and full screen mode for maximum resolution.

Buy A Put - Leverage
11:33
7 More Sections
About the Instructor
Tod Pellaton
3.6 Average rating
19 Reviews
416 Students
1 Course
Option Trader

Tod is a mechanical engineer and has worked in the corporate world, owned a manufacturing business and has also founded other businesses. He has been an active retail option trader for over 15 years. He says, "I always believed there should be an easier path to learning how to trade options." After many years of learning how to trade in traditional ways, he has developed an online course to help option traders quickly learn what is necessary to price and trade options. "We need to use tools that are available to us for learning, pricing and trading options so we can advance to the next level of understanding and not have to get bogged down in all the complex pricing details", he says. Tod believes his engineering background has helped him to simplify many of the trading concepts he teaches and hopes to help many more traders become more confident and profitable on their trading education journey.

Tod founded Real-World Options in 2012 to help promote his vision of simplifying learning of how to price and trade options for retail traders.