PROFESSIONAL OPTIONS TRADER

SUMMARY

Trading the market can be approached from multiple directions by utilizing options, incorporating direction, time, and volatility to execute trades aligned with daily, weekly, and long-term investment goals. Identifying crucial market turning points and anticipating significant market movements defines Market Timing. The OTA Professional Options Trader Course employs an eight-step rule-based trading/investment approach, fusing market timing techniques with essential options tools and strategies. Live market strategy sessions and interactive lab exercises are utilized to deliver this comprehensive training.

DETAILED COURSE OUTLINE

Day 1

• What is an Option Contract
• Explore the question, “Why We Trade Options?”
• Options Foundations – Understanding Options terminology and step-by-step methodology for identifying potential Options trades
• How Options work in the “Real” World – Utilizing the components of an Option Contract to demonstrate leverage
• Moneyness: Pricing Options – How Options are priced and the three states of Moneyness

Day 2

• Directional Debit Single-Leg Applications – Build and time single-leg debit Options trades
• Directional Long Call Strategy – Introduction to the eight-step process for buying the Directional Long Call Bullish Debit Strategy
• Volatility – Using volatility analysis to determine Options Strategy for market conditions
• OTA’s Proprietary Options Volatility Indicator – Measuring stock price expectations
• The Greeks in depth – A close look at the Options Greeks
• Analyzing and Calculating the proper rate of return for Long Call Directional Debit Strategy – Strike Selection, Theoretical Strategy Confirmation, and determining the Options Reward-Risk Ratio
• Sizing Option Positions – Sizing options position based upon your own risk trading rules
• Bracket Orders – Using bracket orders to properly enter and exit Options trades

Day 3

• Options Trade Blueprint – The 8-Step Process for every Options trade
• Directional Long Put Strategy – Introduction to the eight-step process for buying the Directional Long Put Bearish Debit Strategy
• Analysis Techniques – Analysis Techniques for Options traders to help determine an Option’s Liquidity
• Multi-Leg Strategies (Spreads) – Utilizing Multi-leg Options Strategies for protection
• Directional Bull Call Debit Spread – How to buy a Directional Vertical Multi-leg option when the market is bullish using the eight-step process

Day 4

• Directional Bear Put Debit Spread – How to buy a Directional Vertical Multi-leg option when the market is bearish using the eight-step process
• Directional Vertical Bear Call Credit Spreads – Selling a Directional Vertical Multi-Leg Option Spread when the market is bearish using the eight-step process
• Directional Vertical Bull Put Credit Spreads – Selling a Directional Vertical Multi-Leg Option Spread when the market is bullish using the eight-step process

Day 5

• Directional versus Non-Directional – How to utilize options strategies when the market is trading up, down or sideways
• Non-Directional Vertical Bear Call Spread – Sell a Vertical multi-leg credit options spread when the market is bearish (between zones) using the eight-step process
• Non-Directional Vertical Bull Put Spread – Selling a Vertical multi-leg credit option spread when the market is bullish (between zones) using the eight-step process

Day 6

• Non-Directional Vertical Multi-Leg Option Strategies – Understand how to build and time non-directional Vertical Multi-Leg Option Trades for a Credit when the market is neutral
• Iron Condor – How to sell a Vertical multi-leg credit option spread when the market is neutral (between the zones) using the eight-step process
• Options for Owning Securities – Options strategies that can be used when owning Stock securities
• Covered Calls – Selling Options against the Stock your own to generate higher rates of return
• Protective Puts – Buying Options to protect or hedge the stock you own
• BONUS – Buying Long Puts when Volatility

Day 7

• Introduction to Diagonal Option Spreads – Multi-Leg Debit strategy with different expirations
• Options Trading Levels – Industry classifications based on account size and trading experience
• Put it all together – Setting up Options positions using the 8-step Options Blueprint
• Long Term Options Strategies – Options strategies designed for long-term investment

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