Getting Started With Options
An introduction to options and basic option strategies for beginners
Have you ever wanted to trade options but didn't know where to start?
Tired of reading textbooks filled with complicated jargon and formulas?
The truth is options trading can be relatively simple so long as you learn a few basics.
On this course, full time options trader Peter Titus gets you started with options in a way you'll understand.
Using a case study in Tesla, Peter takes you through an options dashboard to illustrate how you can implement your own trading ideas.
In just a short time you will learn:
- How to read an options chain
- The basics of options time decay and volatility
- How to create a covered call, spread and strangle
- How to create an iron condor
- Basic options strategies you can use to profit from your market views
- Tips and advice from a pro options trader
Options are highly effective tools for traders because they allow greater leverage while minimizing risk.
They can also be used to hedge during times of risk, short stocks or execute sophisticated trades based on volatility rather than direction.
Even if you don't intend on trading options full time you should learn about them because of the flexibility and leverage that they offer.
This course is the perfect primer to the world of options and all you need to get your foot in the door and start trading.
Peter Titus graduated from the University of Wisconsin- Madison with an engineering degree in 2003. He has been actively trading stocks and options since 2006 and has been building automated trading systems in Excel using Visual Basic for Applications (VBA) since 2009. He specializes in day trading stocks and ETFs.
PreviewWhat is an option contract? (6:50)
StartTime decay and implied volatility basics (8:18)
StartCreate a put protected stock position (2:09)
StartCreate a covered call (3:28)
StartCreate a spread (5:35)
StartCreate a strangle (2:29)
StartCreate an iron condor (2:26)
StartOverview and summary (7:54)
StartHow to place an order (5:19)