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Weekly Options and study of Options expiration dynamics
Rating: 4.4 out of 5(453 ratings)
4,207 students
Created byHari Swaminathan
Last updated 12/2019
English

What you'll learn

  • Learn all about Weekly Options
  • What are the pluses and minuses of trading Weekly Options
  • How does Time decay work on weekly Options
  • Simulate the effects of time decay on the days before expiry
  • What strategies are good for Weekly Options
  • How do all the Option Greeks behave during the final days before an Options expiry

Course content

2 sections • 8 lectures • 1h 13m total length

  • Introduction to Weekly Options and Expiration dynamics2:49
  • Introduction to weekly Options and Options expiry7:59
    Introduction to Weeklies, Shorties and their characteristics
  • Analysis of the Calendar trade using Weekly Options12:02
    Analysis of ideal strategies using weekly Options - This lecture is on the Calendar trade.
  • Analysis of the Iron Condor using weekly Options10:49
    Analysis of ideal strategies using weekly Options - This lecture is on the Iron Condor trade.
  • Analysis of the Short Strangle using Weekly Options11:40
    Analysis of ideal strategies using weekly Options - This lecture is on the Short Strangle trade.

Requirements

  • Basic knowledge of Stocks and Options
  • Basic knowledge of the Single Options strategies

Description

WEEKLY OPTIONS TRADING AND  OPTION EXPIRATION DYNAMICS

The impact of time  decay on Option prices in the final week before expiry is an exciting  phenomenon. We know time decay is exponential, but how do the Greeks actually  behave during this time. This course on Trading Options at Expiration takes a deep dive using Apple (AAPL) Options Weekly series. We follow an AAPL Short Straddle trade from Thursday morning  until deep into the following week. The Short Straddle is explained in detail  in this course. The Greeks  are on steroids during the final week of an Option's life.

Option Greeks behave  abnormally during the final week, especially the At-The-Money Options. It  should be intuitive that these Options are experiencing an enormous amount of  uncertainty insofar as to whether they will end up in-the-money or not. What  may not be clear is how the Greeks behave during this time which ultimately  impacts Option prices.

Most importantly, the  lectures focus on the kinds of strategies that are ideal during the final two  weeks before expiry. Although most strategies tend to focus on the most dominant  Options characteristic during this time (Time Decay), the course also shows a  couple of very interesting, very high reward strategies with very little risk.  

What can you expect

  • What are Weekly Options and why are they special

  • What characteristics do Options have when they are very close to expiry

  • What kind of trades are suitable during this time

  • What sort of attention do you need to give to these trades

  • What kinds of traders are Weekly Options suitable for

  • What time decay strategies could work during the final week

  • The impact of the final weekend on Option prices

  • What challenges and pitfalls can you expect from Weekly Options

  • What role does the Greek Gamma take on during this time

  • And why does Vega whimper out during this time

  • And what about Delta and Theta - it's a total Greek-fest 


WEEKLY OPTIONS ARE VERY EXCITING TO TRADE BUT MAKE SURE THEY ARE FOR YOU !!!

 

Who this course is for:

  • Stock and Options traders
  • Why weekly Options may not be good for working professionals
  • Day traders of Options

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