Short Summary
Class Information
Description
Build Your Options Trading Foundation.
Don't let the complexity of options overwhelm you. Use our checklist to gauge your readiness to dive into options trading, then embark on your learning journey with an experienced instructor. Learn to safely boost your returns through options strategies. Online at Udemy.
Course Highlights:
Gain a comprehensive understanding of options trading fundamentals. Learn how options relate to stocks and discover how to incorporate options to build and safeguard your stock portfolio. Understand the two types of options and the four fundamental trading strategies that form the basis of all advanced options strategies.
Master the Basics Before Trading:
Before you start trading, grasp the structural aspects and broader context of options trading. Utilize my lists of essential terminology to ask informed questions and comprehend the answers. Learn how to obtain options trading privileges from your online brokerage service and make well-informed decisions when managing your funds.
Path to Success:
Upon completing this course, you'll be equipped to research and select your own options trading strategies independently. Alternatively, accelerate your journey to profitability by enrolling in our beginner-friendly, low-risk trading courses: "Selling Cash Secured Puts" and "Selling Covered Calls."
Affordable and Informative:
This introductory course is offered at a minimal cost, packed with valuable information to establish your knowledge foundation for options trading. Gain an overview and foundational understanding of options trading, meet your instructor, and familiarize yourself with my teaching style before deciding to proceed with my follow-up courses.
Important Risk Advisory:
Beware of online self-proclaimed gurus promising outsized returns and urging you to entrust your funds to them. Poor advice can jeopardize your entire portfolio. I prioritize honesty and transparency. I won't make false promises or suggest you entrust me with your money. Trading options isn't inherently riskier than trading stocks and funds. In fact, options can be used to enhance returns while reducing risk.
First Assignment: Are You Ready to Trade Options?
Use this checklist to determine your readiness:
- I manage my brokerage account independently.
- I possess the knowledge to buy and sell shares of stock.
- I can select stocks I want to own.
- I use limit orders to set my buy and sell prices.
- I have at least $5,000 ready to invest in a single company.
- I am committed to actively managing my account.
- I can monitor my options positions weekly and place orders once or twice a month.
- I prioritize building my portfolio safely over time.
- I value understanding how things work and seek to learn the ins and outs of options trading.
(If these statements don’t yet apply to you, consider starting with my"Novice Investors" course to build foundational knowledge or take this course and practice with a paper trading account.)