OPTIONS COURSE
Utilising options contracts can provide totally amazing returns for those who get it right. In 2010, I publically called the Wheat low and took two Call options worth $300 each to an exited profit of $21,500 each about 8 weeks later.  Of course past performance doesn’t guarantee future performance.

For some years now I have had people asking me to teach practical information about trading options. I have collected and organised what I know as well as a range of resources that I recommend. The options course that I have developed is more extensive than I first expected but options and their trading contain a range of elements that need to be understood – particularly their risky nature and how to mitigate this. To convey these understandings I have included several hands on exercises designed to help you explore the nature of how options behave.

There are two components to learning about trading options:
1. Option basics (Session 1)
 - This provides a starting point regardless of your background
2. How to use options (Sessions 2- 5)
 - This provides the hands on knowledge related to trading options
My edge is ‘cycles’ and so the thrust of this course relates to this understanding. Although the material presented can be easily applied to Stock options, the examples in this course relate to Futures, Currencies and Indexes.

As well as the theory and hands on exercises, I want you to learn by watching me doing. I will therefore take participants through a LIVE option trade. Starting with analysis I will establish the probable future time and price, explain the choice of strike price and contract and then demonstrate the entry process in real time. You will then be able to track the position(s) yourself to exit. I will also provide email commentary.

This course is designed to cover most of the basics that you need to know about options contracts and how they work as well as how to enter and exit a position in the market.

There are many approaches to trading options. I will teach you what I do and point you to a range of resources for your further study.

As usual, I am offering education NOT trading advice. You have to do your own work to develop and prove up your own plan. Then you have to action it.

My hope is that if you are interested in trading options then I can accelerate your market journey in this area.

 

COURSE OUTLINE
Session 1 – Weekend day
(10:00 – 4:30pm, lunch included)

Elementary Options
• What are options and how do they work?
• Pricing Components of an Options Contract
• Option Practicalities

Session 2 - Weekend day, 2-3 weeks after Session 1
(10:00 – 4:30pm, lunch included)

Advanced Options
• Key principles to minimise loss and maximise profit
• Option Strategies from Simple to Advanced
• Example Past Real Time Actual Trade
• An Upcoming Trade as a Live Example – Real Time Real Money

Session 3 – Weekday, 1-2 weeks after Session 2
(10pm – 2am (yes 2:00am!))

Getting Set
• The Analysis to Establish Strike & Contract
• Trading Platform Tour
• Live Real Time Option Buying
 - Options markets are liquid in the wee hours
 - Purchase will be subject to timing and market behaviour on the night

‘Session 4’ – Ongoing Until Trade Exit
(via email)

The Exit
• We will follow the trade(s) in real time right through to the exit

‘Session 5’ – Date, Time & Venue To Be Advised
(Subject to success – this may involve commiseration drinks through to a salubrious banquette!)

The Dividend
• $100 PER PARTICIPANT OF MY OWN MONEY will be allocated to trade(s)
• I will fully accept the risk and participants will be offered the profit (if any)

Resources
• Recommended books and sites for further study
• Excel Options Pricing Calculator for each participant
• Options Pricing Widget for each participant
• Table of Options Strategies

Course Fee:
Includes tuition, email questions, extensive notes, lunch & tea/coffee as appropriate.