Options 101
Options 101 by Options University is a good course to start your options trading education. Even though Courtney Smith now owns OU Brett Fogle teaches it so it is an older video. I have it and it covers all the basics to give you a solid foundation. I think its strength is that he provides lots of real-world examples so it’s not just theory.
You get to see specific examples as he walks you through how to set up a specific options play. It also comes with a pdf that’s 180 pages that provides more in depth information. The table of contents is listed below and as you will see it’s quite comprehensive for a beginner course.
The video tutorial is a bit short in my opinion but like I said it does bring some real life examples to what can otherwise feel like a lot of theory. But my recommendation is not to buy it. Why? Read my review on the Advanced Options Course to find out why.
Table of Contents
Introduction
- Our Background
- Importance of Education and the Individual Investor
Options Basics and Terms
- Definitions of Options and Related Terms
- I. Calls & Puts
- II. Expiration Date
- III. Contract & Strike Price
- IV. Option Class & Series
- V. ITM, OTM, ATM options
- VI. Premium & Time Decay
- VII. Intrinsic vs. Extrinsic Value
- VIII. Volatility
Trading Strategies
- Directional Trading Strategies & Terms (Calls & Puts)
- I. In the Money, Out of the Money, and At the Money Options
- II. Leverage and Risk
- The Covered Call / Buy – Write Strategy
- I. Hedging Stock Trades / Options as Insurance
- II. 3 Scenarios & Examples
- III. Income Opportunities
- The Covered Put / Sell – Write Strategy
- I. Comparison to The Buy Write / Selling Short
- II. 3 Scenarios & Examples
- III. Rolling the Position
- The Protective Put Strategy
- I. Portfolio Protection & Risk
- II. Trade Insurance
- The Synthetic Put (Protective Call) Strategy
- I. Strategy Defined
- II. 3 Scenarios & Examples
- III. “Break Down” Protection
- The Collar Strategy
- I. Buying & Selling Options (Option Writing)
- II. Debit or Credit
- III. Profit & Loss Examples
- The Stock Replacement Covered Call Strategy
- I. Stock Replacement
- II. Percentage Returns
- III. Proper Use of Option Leverage
Advanced Techniques
- Spreads / Straddles / Strangles Introduction
- Unusual Options Volume & Other Clues
Appendix
- Glossary of terms
- Final Exam
- Option Graphs – Quick Reference Guide
- Covered Calls – A Case Study
- Recommended Reading
- Other Resources
Learn more about Options University Options 101 Course here. (Not currently offered)
if you want to earn more about the Advanced Options Course click here.