Options Trading Basics (The Ultimate Beginners Bundle)
Why take this course?
Based on the detailed outline provided, it seems you are describing a comprehensive options trading strategies course that covers a wide range of topics from the basics to advanced adjustments. Here's a breakdown of what each section entails:
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Introduction to Options: This section introduces the fundamentals of options, including what Call and Put options are, how they work, and their basic characteristics. It uses Apple (AAPL) options as a practical example to illustrate the concepts.
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Options Foundation - Time Decay, Implied Volatility, and Options Greeks: This part of the course builds on the basics by delving into more complex topics such as time decay, implied volatility, and the "Greeks" (Delta, Gamma, Vega, Theta). Understanding these concepts is crucial for making informed trading decisions.
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Options Strategies for Beginners - Buying Call Options and Put Options: This course takes real-world examples, such as Chipotle Mexican Grill (CMG) for a bullish stance and the Euro ETF (FXE) for a bearish stance, to demonstrate how to buy call and put options. It covers risk/reward profiles, chart analysis, expiry selection, and other considerations that are essential for successful option trading.
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Strategy and Optimization: This section brings together the four basic option strategies (two bullish and two bearish) and explains how to choose one strategy over another based on market conditions, stock behavior, and key metrics like implied volatility.
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Single Option Adjustments: Here, traders learn about the necessity of making adjustments to their options positions if they start moving against them. The course discusses when and how to make these adjustments, including early adjustments, avoiding over-adjustment, and managing profitable trades.
The course bundle is designed to provide a thorough understanding of options trading strategies, from the basics to the more complex aspects. It aims to equip traders with the knowledge they need to navigate the options market confidently.
To take this course, you would typically enroll in an online platform that offers educational content on financial markets and investing. The course is likely structured into video modules, reading materials, quizzes, and possibly interactive simulations or trading challenges. You would progress through each section at your own pace, applying the concepts learned to real-world scenarios.
Before starting any options trading strategy, it's important to have a solid understanding of the risks involved and to ensure that you are trading with money you can afford to lose. Options can be complex financial instruments, and they carry risks that are different from trading the underlying assets outright. Always use proper risk management techniques and consider seeking advice from a financial advisor or investing professional if you're unsure about any aspect of options trading.
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Comidoc Review
Our Verdict
This 3-course bundle on options trading basics is a solid starting point for beginners seeking clear explanations and practical examples. With its strong emphasis on time decay, implied volatility, and Greeks, students can develop a deeper understanding of essential options trading concepts. Despite minor issues with video quality and organization, the course's clear communication style helps bridge the gap between theory and practice while touching upon both single and multi-options strategies.\n\nPotential improvements could include addressing the 'put' side more thoroughly as well as updating some outdated visuals or examples. Nevertheless, a majority of students appreciate this extensive yet accessible bundle, making it a worthwhile contender to consider for options trading beginners.
What We Liked
- The course excels in providing in-depth knowledge and practical examples on time decay, implied volatility, and Greeks, which are crucial for understanding options trading.
- Instructor's clear explanations and patience makes complex topics accessible to beginners, and real-life examples using the Thinkorswim platform add a practical dimension.
- Well-structured course that covers theoretical aspects and gradually introduces more advanced concepts such as single options strategies and combo strategies.
- An extensive course, boasting over 11 hours of content, which can provide comprehensive coverage of various topics related to options trading.
- A significant number of positive testimonials indicate that this course has helped many students grasp the basics of options trading.
Potential Drawbacks
- Some students mention issues with video quality and organization, suggesting potential room for improvement in presentation and structure.
- There might be some discontinuity between different sections, as a few testimonials hinted at gaps in content or overlapping information.
- Course could benefit from focusing more on the 'put' side of things, as some students feel this area was rushed compared to 'call' options.
- The course's age may have an impact, with some examples and visuals being outdated; however, core concepts remain relevant.