If you’ve been curious to get actively involved in the stock market, especially with options, then look no further! This course will walk you through in detail some of the most common and easy-to-use options trading strategies that will allow you to play the markets however you want. Whether you want to be directional, neutral, have high odds of success, have lower odds of success but with greater payouts, etc., you’ll be able to find one or more strategies in this course that suits your goals!
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Options Trading: STRATEGIES (Part 1)
If you've been curious to get actively involved in the stock market, especiallywith options, then look no further! This course will walk you through in detai...
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You will learn
When it comes to trading, practice really does make perfect. So if you don’t already have an online brokerage account, sign up for one! I recommend TD Ameritrade due to the great ThinkOrSwim trading platform that they provide which also allows you to paper trade (use fake money). Once you’re all set up, start paper trading! Since the idea with paper trading is to simply get some good practice in before putting real money on the line, I want you to make at least one trade (although I encourage you to make more than one) using each of the strategies taught in this course. As a reminder, those strategies are:
- Call Debit Spread
- Put Debit Spread
- Call Credit Spread
- Put Credit Spread
- Iron Condor
- Iron Butterfly
I recommend placing each trade using option contracts that expire in at least 3 weeks from when you make the trade. This will allow adequate time for you to see how each strategy behaves as the market moves.
Check in on your trades daily (but don’t sit there and watch them all day!). I just want you to observe how they react to market movements on a frequent basis. Feel free to let some trades go all the way to expiration or close some out early to lock in profits. For the trades you let go to expiration, you’ll likely notice much more wild price movements of your positions as time starts to run out (particularly in the last week). This is due to what’s called “gamma risk”. More to come on that in future courses.
I also encourage you to share screenshots of your trades (you can share a screenshot of the actual trade order for example). This will be a great way to provide other students with potential ideas on what trades they can make or to get feedback from myself if you have any questions!