In this advanced options strategies course you’re going to learn about the most popular option techniques such as credit spreads, debit spread, iron condors, and how to trade them.
Free Advanced Options Strategies Course
Our advanced options strategies course is a continuation of our basic options course. If you're new to options then make sure to take our basic course first before taking this one. In our advanced option strategies course you’re going to learn how to trade the most popular strategies such as credit spreads, debit spreads, iron condors, calendar spreads, straddles, strangles, and more.
Register for your free membership below to gain access to our advanced options trading strategies course.
Advanced Options Strategies Course
- Here's what you'll learn in our free advance options strategies course
- The advantages of selling options over buying them
- How to sell calls and puts for premium
- How to short calls and puts
- Vertical spreads are the umbrella of spreads
- Learn how to trade credit spreads
- How to trade debit spreads
- Find out how to trade iron condors and butterflies
- How to trade straddles and strangles
- How to trade calendar spreads and diagonal spreads
The world of options can be very difficult to learn for traders that are new to the industry. There are a lot of moving parts and that's why we've broken down how to trade options strategies into two different courses. A beginners course as well as an advanced options trading course.
Our basic options course focuses on the components of options and how to trade calls and puts. Our advanced options strategies course focuses on how to put all of the different components together and trade options the way that they were meant to be traded.
Calls and puts are the basic building blocks of options. Calls mean that you're bullish on the stock and puts mean that you're bearish on the stock. So, if you buy a call then you want the stock to go up and if you buy a put then you want the price of the stock to fall.
Trading naked calls and puts is a very lucrative strategy, however, this is a very dangerous way to trade if you're not careful. There are advanced options strategies that will teach you how to take the basic components of options and turn them into lucrative and safer ways to trade. Check out our swing trade room.
1. Trading Large Caps
Advanced options strategies allow you the ability to trade large cap stocks without having to put out a lot of capital up front. Believe it or not, options can be a safe way to trade if you know how to bring all of the components together and choose the right strategy.
Trading naked options doesn't allow you the protection or room for the trade to go against you for a period of time. Many times stocks trade sideways and if you trade just calls and puts naked then you don't have much wiggle room for the trade to form.
Buying calls and puts forces you to be right on the money with your trade. It's important to remember that most options expire worthless. They are decaying assets, so if you choose the wrong direction of the trade then chances are you'll end up with a worthless asset.
The price of your options contract will expire worthless, which is what happens to most new options traders, unless they get lucky. Many new traders have beginners luck but eventually their luck runs out, and this is the reason why many people say that options are "risky". It's because they didn't know how to trade them the right way. Take our advanced options trading course and learn how to implement these strategies in our community.
What Is the Best Strategy for Option Trading?
- Credit spreads are the best strategy for safe options trading
- Debit spreads are a good directional options strategy while helping to limit risk
- Iron condors are good strategies for range bound markets
- Naked calls and puts are the most profitable but most risky options trading strategy
- The trading odds are more in your favor as an options seller over being an options buyer
1. Credit Spreads
Credit spreads are one of the most popular and safest options strategies. You become an options "seller" rather than an options buyer when implementing this trading strategy. Remember, options are decaying assets and most contracts expire worthless.
That's why becoming an options seller puts the trading odds more in your favor over being a buyer. We'll teach you how to sell credit spreads in this advanced options trading course. Read More
Credit spreads are a combination of selling your "anchor strike" and then buying another strike OTM for protection. This combination of selling and buying an options contract leads to a credit. You're collecting the premium from the buyer, since you are an options seller.
If the option expires worthless before expiration then you get to collect the full premium. We suggest closing out your position around 50% of profit and not holding until expiration.
Credit spreads allow you the room to be wrong on choosing the direction of the trade. A stock can trade sideways and you can still profit, since you are the options seller. Time is on your side. So, you don't need to be as heavily directional biased as you would with other options strategies. Check out our stock picking service.
2. Debit Spreads: Options Strategies
Debit spreads are a more directional type of trade than credit spreads. A little less than trading naked options, however, direction is very important.
You are an options "buyer" when you're trading a debit spread, so you need the stock to move in the direction that you want it to go. This strategy typically starts with buying a strike in the money or at the money and then selling a strike OTM.
This combination leads to a "debit", since money is leaving your account, whereas, credit spreads bring money into your account, since you're the options seller.
Debit spreads do not afford you the luxury of trading sideways, since this is a decaying strategy, however, it gives you a bit more protection then trading a naked call or a put. Selling the additional strike, helps to lower the break even and profit levels, so there's a bit more protection than just trading naked calls or puts.
Practice Options Strategies
It's important to practice trading advanced options strategies, just like you would any type of trading strategy. We encourage practicing making hundreds of trades in a virtual account before trading with real money.
Once you become successful trading with virtual money then slowly start scaling your way up with real money. Start with trading just one contract at a time and slowly move your way up buying more contracts.
Many times, it's best to adjust strike levels, with specific options strategies, over purchasing additonal contracts. Choosing the right strikes is incredibly important when trading options.
Don't worry if it takes you awhile to get comfortable with advanced options trading. That's normal. Learning options takes a bit longer than trading stocks because there are a lot of moving parts. They are worth the wait though, because they are very lucrative trading strategies when done right.
What Are the Types of Options?
- Buying and selling calls and puts are the most profitable types of options but also the most risky
- Credit spreads and debit spreads fall under the umbrella of vertical spreads
- Most common spreads are call credit and put credit spreads, as well as call debit and put debit spreads
- Other names for these spreads are bear call and bull put spreads, as well as bull call and bear put spreads
- Also, covered calls, iron condors, iron butterflies, straddles, strangles, calendar spreads, and diagonal spreads
1. Real-Time Stock Alerts
We offer a real-time and actionable stock alerts service to our community members. Our trade alerts are focused on large cap stocks and are options trades. You can choose to trade shares instead if that's your preference. We primarily call out alerts using the options strategies taught in this course. The strategies are mostly spreads based, but you can choose to trade a riskier options strategy if you know what you're doing. Some members may choose to trade naked calls and puts instead, but we only advise doing that if you are completely comfortable trading options.
Our stock alerts are posted on our private Twitter profile. All you need to do is become a community member, request access, and then turn on your Twitter notifications. That simple. And make sure to take both of our options courses so you'll know how to trade them.
Please DO NOT trade any of our trade alerts unless you know how to trade. The best traders in the world still make bad trades at times, and we aren't any different. We are traders that are at the mercy of the markets, so it's important for you to study and know how to trade for yourself and not solely rely on us to tell you when to enter or exit a trade. Please read our disclaimer on our website first before making any trades within our community.
2. Options Strategies "Setups"
Our community also offers trade alerts "setups" which are separate from our real-time stock alerts. Our "setups" are key breakout and breakdown areas that go with our daily penny stock list and weekly swing trade stock watchlists.
We post a daily penny stocks watch list which focuses on stocks that have a good chance of breaking out within a couple days. We map out key support and resistance levels and show you what to look for if you're going to take a trade. Also, we do the same for our swing trade watch list as well. Make sure to subscribe to our YouTube channel and watch our watch list videos to see how to trade our watch lists and alert "setups".
Our real-time alerts allow you to follow the trades that we are making. We tell you when we enter and exit a trade and you could decide to follow them. Our setups are a bit different. You decide from start to finish if you're going to take a trade. If you're not sure how to trade then DO NOT take any trade alerts that we offer. That's why we have free courses to help you learn how to trade. Only trade our alerts once you know how to trade.
Swing Trade Room
Our swing trade room is a great place to practice what we teach in our advanced options strategies course. Our team live streams the markets and the trade setups that we are looking to take several mornings and afternoons per week. We do live mentoring, coaching, charting, and trading. Also, we go over our watch lists and also scan the markets for what's running. We pull up the charts, show support and resistance levels, and show the psychology and why we are looking at taking a potential trade. Feel free to ask questions and integrate yourself into our community. We like to think of our community as the "pay it forward" movement within the stock market. So our team and community members are very helpful. Read More
3. Advanced Options Strategies
We also have a day trade room available for those members that want to learn how to day trade. This room is more high paced than our swing trade room, since day trading is quicker strategy than swing trading. We also day trade options in both of our trade rooms.
Day trading options i also one of the most popular options strategies and is a very lucrative way to make money trading. Again, make sure to make yourself at home within our trade rooms and interact with other community members. Ask questions and practice implementing what you learn in our advanced options trading course in a virtual account.
If you want to become a successful and profitable trader than it's going to take a lot of studying and practice over the course of several months, if not a year. It takes many traders over a year to become comfortable as a trader. So don't rush the learning process.
If it takes you a bit longer than you'd like to get the hang of trading, don't worry. That's normal. Take our free trading courses for beginners.
4. Study & Practice Options Strategies
That's why we recommend paper trading for several months and make a few hundred practice trades before trading with real money. We know that trading with real money is a lot different than trading with paper trading, but it's important to start somewhere first.
If you can't become a successful paper trader then chances are are you won't be able to make money trading with real money. So, practice treating your paper account exactly the way you would treat a real account. Invest yourself into your virtual account and then slowly scale your way up trading with real money once you are ready. We are all about teaching our members how to trade safely.
Once you've taken both our options courses and you have a good feel of how to trade options, then we'd recommend upgrading to our "Next Level" Stock Training.
This is our exclusive video library where we take options to the Next Level. We tell you the "golden nugget" advanced options strategies and how to trade them, including which strike prices to buy. We also go over how to do advanced options trading live each day in our trade rooms.
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