Options Trading Explained – Free Online Guide to Trading Options

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Contents

How to Trade Stock Options for Beginners – Best Options Trading Strategy

This simple, profitable trading guide teaches stock options trading for beginners. The strategy applies to the stock market, Forex currencies, and commodities. In this article, you will learn about what options are, how to buy Put and Call options, how to trade options and much more. If options trading isn’t for you, try our Harmonic Pattern Trading Strategy. It’s an easy step by step guide that has drawn a lot of interest from readers.

The Trading Strategy Guides team believes this is the most successful options strategy. When trading, we adhere to the principle of KISS: “Keep it simple, Stupid!”

With simplicity, our advantage is having enormous clarity over price action.

We’ll be focusing on BUYING Put and Call options through this options trading tutorial. Selling options is a different animal. It requires more experience to fully understand the inherited risks. Why? Because you can’t control the downside, the same way you do when you buy Put and Call options.

This is the most successful options strategy because it consistently provides profitable trade signals. Not because it doesn’t have losses. The preferred time frame best options trading strategy is the 15 minute time frame.

We will first define what buying a Put and Call options is. After that, we will give out the rules for the best options trading strategy. Here is another strategy called The PPG Forex Trading Strategy.

What are Options?

Options are a specific type of derivatives contracts . The underlying securities can be stocks, indexes, ETFs or commodities . With a derivatives contract, you do not directly own the underlying asset. Instead, you own a related asset whose value is affected by changes in price.

With an options contract, you have the right to buy or sell an asset at a predetermined price in the future. When that future point arrives, you will have the choice to exercise the option or let it expire.

Here’s an example. Let’s say the asset is selling for $110, a contract giving you the right to buy at $100 will have an intrinsic value. As the expiration date approaches, the value of the options contract will adjust.

There are two different types of options, call options and put options. When used correctly, options trading will make your strategy much more dynamic. Let’s dive into the next section.

What is a Call Option?

A Call Option gives you the right to purchase an asset in the future. If exercised, this purchase will occur on a predetermined date. It will also occur at a predetermined value. If you are unsure about the future value of an asset, a call option can offer some protection. Call options are commonly purchased by stock traders. However, they can also be found in many other markets. In fact, call options are the most commonly traded options contracts.

What is a Put Option?

A Put Option gives you the right to sell an asset in the future. Like call options, these contracts have predetermined prices and sell dates. Put options and call options are often purchased together in order to make a “hedged” position. Below, we will discuss the different types of options sales. We will then discuss how these sales can be introduced into your trading strategy. You may also enjoy this article about options vs futures.

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Different Types of Option Sales

It is necessary to remember that an option is a contract that allows you to purchase an asset at a specific price in the future. There are four different types of options sales that can possibly occur. The differences between short and long sales, and puts and calls will be very important.

  • A long call option will give you the right to buy an asset at a specific price in the future. Long call option holders will benefit from price increases over time.
  • A long put option will give you the right to sell at a specific price in the future. Contrary to call options, long put option holders are hoping that market prices will decrease.
  • A short call option gives you the right to sell not the underlying asset, but the option itself in the future. Because the “logic” of short positions is reversed, short call option holders are in similar positions to long put option holders.
  • A short put option will hope that long put options become less valuable over time—consequently, holders will be rooting for prices to go up.

Once you can understand the different varieties of options sales, you will be able to engage in more complex trading strategies. These strategies will usually involve purchasing multiple different options in order to manage risk and increase the possibility of earning high returns.

Why Use Options?

Options are used for speculation or hedging. Hedge fund managers are notorious for using advanced risk management strategies to hedge their market exposure.

Options offer high leverage, giving you the chance to trade big contracts and potentially make more money. This is the same for Forex. You need a smaller initial investment than buying stocks outright. When buying options, the risk is limited to the initial premium price paid.

When using options, the risk is limited, but the potential profit is theoretically unlimited. Obviously, we say theoretically unlimited profits. But options prices are going to be range-bound within certain parameters. There’s no stock price to rise to infinity. Also, read this article on Paper Trading Options – The Secret to Riches.

Types of Options Strategies

You can take your trading beyond basic call and put options. That is the beauty of options trading. Other trading strategies include covered call, married put, bull call spread, bear put spread, and more. They can help you better manage your risk and seek new trading opportunities.

If you’re a versatile trader, take advantage of the flexibility that options trading can give you. Study the top 10 stock options trading strategies below:

  • Covered Call Strategy or buy-write Strategy – implies buying stocks outright. At the same time, you want to sell call options on the same stock. The number of shares you bought should be identical to the number of call options contracts you sold.
  • Married Put Strategy – implies buying stocks outright. At the same time, you will buy put options for an equivalent number of shares. The married put works like an insurance policy against short-term losses.
  • Bull Call Spread Strategy – implies buying call options with a specific strike price. At the same time, you’ll sell the same number of call options at a higher strike price.
  • Bear Put Spread Strategy – it’s similar to the bull call spread but involves buying and selling put options. In this options strategy, you buy put options with a specific strike price. At the same time, sell the same number of put options at a lower strike price.
  • Protective Collar Strategy – implies buying an out-of-the-money put option. At the same time sell or write an out-of-the-money call option for the same stock.
  • Long Straddle Strategy – implies buying both a call option and a put option at the same time. Both options should have the same strike price and expiration date.
  • Long Strangle Strategy – implies buying both an out-of-the-money call option and a put option at the same time. They have the same expiration date but they have different strike prices. The put strike price will typically be below the call strike price.
  • Butterfly Spread Strategy – implies using a combination of the bull spread strategy and bear spread strategy. The classical butterfly spread involves buying one call option at the lowest strike price. At the same time, sell two call options at a higher strike price. And then sell one last call option at an even higher strike price.
  • Iron Condor Strategy – involves holding a long and a short position in two different strangle strategies.
  • Iron Butterfly Strategy – involves using a combination between either a long or short straddle strategy. At the same time, buy or sell a strangle strategy.

Now let’s turn our focus back to the most successful options strategy.

Let’s define the indicators you need for the best options trading strategy. And how to use stochastic indicator.

The only indicator needed is RSI or Relative Strength Index.

Options trading is constrained by the expiration date factor. So it’s important to select a technical indicator that is suitable for options trading. The RSI indicator is a momentum indicator which makes it the perfect candidate for options trading. This is because of its ability to detect overbought and oversold conditions in the market.

The RSI indicator’s location is on most FX trading platforms (MT4, TradingView). You will find it under the indicators library.

So, how does the RSI indicator really work?

The RSI uses a simple math formula to calculate the oscillator:

There is no need to go further into the math behind the RSI indicator. All we need to know is how to interpret the RSI oscillation. Basically, an RSI reading equal to or below 30 shows that the market is in oversold conditions. An RSI reading equal or above 70 shows the market is in overbought conditions. At the same time, a reading above 50 is considered bullish. On the other hand, a reading below 50 marks is considered bearish.

The preferred RSI indicator settings are the default settings with a 14 period.

Before we go any further, we always recommend taking a piece of paper and a pen and note the rules.

Let’s dive into the options trading tutorial….

Most Successful Options Strategy

(Rules for Buy Call Options)

Options Trading Tutorial Step #1: Wait 15-minutes after the stock market opens to establish your market bias.

The most successful options strategy isn’t focusing only on the price. But they also make use of the time element the same as we’re doing here.

The stock market opening price is usually the most important price. During the first minutes after the stock opening bell, we can note a lot of trading activity. This is because that’s the time when major investors are establishing their positions in the stock market.

Read Day Trading Price Action- Simple Price Action Strategy. You’ll learn about a strategy that isn’t restricted to the time element and focuses on price action. It’s one of the most comprehensive guides to successfully trade stocks or other assets by simply using price action.

Our team at Trading Strategy Guides wants to develop the best options trading strategy. In order to do that, we have to think smarter. We have to track how the smart money operates in the market.

The best options trading strategy will not keep you glued to the screen all day. You only have to know when the stock markets open.

The NYSE opens at 9:30 EST or 1:30 PM GMT time for those trading from Europe.

This brings us to the next step in our options trading tutorial…

Options Trading Tutorial Step #2: Make sure the 15-Minute candle after the opening bell (9:30 EST) is bullish.

As we have established earlier, we only want to trade in the direction where the smart money is. If we’re looking for buying Call Options opportunity we want to make sure smart money is buying after the open. Conversely, if we’re looking to buy Put Options we want to see sellers appear right after the opening bell.

Important Note*: If we have an opening gap up it means the buying power is even stronger and we should put more weight on this trade setup.

Options Trading Tutorial Step #3: Check if the RSI is above 50 level – This is a bullish momentum signal.

We use the RSI indicator for confirmation purpose only. We want to make sure that once we have identified the bullish price action the momentum behind the move is confirmed by the RSI indicator. We’re not concerned with overbought and oversold conditions because the market can stay in these conditions longer than you can stay solvent.

In the chart above, we can note the RSI is well above 50 during the first 15-minutes of trading. The price action is confirmed by the RSI momentum reading.

Now, let’s jump and define where exactly we want to enter our buy a Call option.

Options Trading Tutorial Step #4: Buy a Call option right at the opening of the second 15-minute candle after the opening bell.

Now, that we have confirmation that smart money is buying we don’t want to lose any more time and we want to buy a Call option right at the opening of the next 15-minute candle after the opening bell.

As easy as it sounds this strategy only requires you to put 15-minutes of your time each day. You’ll either get a signal or not, but in order to take advantage of the best options trading strategy, you need to exercise discipline and don’t take any trades if you don’t have any signal.

So at this point, our trade is running and in profit, but we still need to define when to exercise our call option and take profit.

Options Trading Tutorial Step #5: Choose the nearest expiration cycle. For day trading choose the weekly cycle.

When you buy a Call option you also have to settle an expiration date, as part of that contract.

You might be asking yourself how to choose the right expiration cycle?

Well, because we’re most likely going to sell our Call option the same day as we have purchased it, it’s more appropriate to choose the weekly cycle.

Time to switch our focus to the most important part: Where to take PROFITS and sell your Call Options?

Options Trading Tutorial Step #6: Take Profit and sell the Call Option as soon as you have two consecutive 15-minute bearish candles.

Knowing when to take profit is as important as knowing when to enter a trade. We want to get out of our position as soon as we see the sellers stepping in. We measure this by counting two consecutive bearish candles as a sign of bearish sentiment presence in the market.

You don’t want to exercise your long Call option because you don’t want to own those share stocks, you just want to make a quick profit.

Note** The above was an example of a buying Call option using the options trading tutorial. Use the exact same rules – but in reverse – for buying a Put option trade. In the figure below you can see an actual Buy Put Options example using the options trading tutorial.

We’ve applied the same Step #1 through Step#4 to help us establish our trading bias and identify the Buy Put Option trade and followed Step #5 through Step#6 to identify when to sell your Call option.

Selecting the Options Contract that’s Right for You

Now that you understand how to successfully trade options, you will want to know how to choose the contracts that are right for you. All options contracts will have some degree of risk. This is especially true when trading binary options. This is due to the fact that options can potentially be worthless on their expiration date. The risk of trading options can be managed.

When selecting options, keep the following things in mind:

  • Your personal level of risk tolerance
  • Your desired trading timeframe (day trading, long-term trading)
  • The volatility of each prospective asset
  • Past returns on options contracts

Options contracts also have high levels of implied volatility . During the first 30 minutes of trading, options contracts experience large changes in value. When volatility is high, both the level of risk and potential reward will be higher. During this time, your trading strategy will need to be much more active. Risk can be managed by issuing stop orders. It can also be managed by hedging your position and diversifying your positions.

Both call and put options can be very rewarding. In order to prepare yourself as an options trader, it will be a good idea to practice. Fortunately, Trading Strategy Guides makes it easy to hone your skills and enter new markets. Carefully combining the steps mentioned above can help you unlock the best options trading strategy.

Conclusion – Options Trading Tutorial

This is one of the most successful options strategies because when trading stocks, it’s important to have a good understanding of the market sentiment and how the big players are positioned in the market. Another important reason why this is the best options trading strategy is that you’re not required to be glued to the screen all day long.

Don’t forget also to read our Support and Resistance Zones – Road to Successful Trading one of the most comprehensive guides to successfully trade stocks or other assets by simply using support and resistance levels.

Thank you for reading!

Please leave a comment below if you have any questions on How to Trade Stock Options!

Also, please give this strategy a 5 star if you enjoyed it!

(16 votes, average: 4.44 out of 5)
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How to Succeed with Binary Options Trading 2020

Welcome to the largest expert guide to binary options and binary trading online. BinaryOptions.net has educated traders globally since 2020 and all our articles are written by professionals who make a living in the finance industry and online trading. We have close to a thousand articles and reviews to guide you to be a more profitable trader in 2020 no matter what your current experience level is. If you wish to discuss trading or brokers with other traders, we also have the world’s largest forum with over 20 000 members and lots of daily activity. Read on to get started trading today!

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What is a Binary Option and How Do You Make Money?

A binary option is a fast and extremely simple financial instrument which allows investors to speculate on whether the price of an asset will go up or down in the future, for example the stock price of Google, the price of Bitcoin, the USD/GBP exchange rate, or the price of gold. The time span can be as little as 60 seconds, making it possible to trade hundreds of times per day across any global market.

Before you place a trade you know exactly how much you stand to gain if your prediction is correct, usually 70-95% – if you invest $100 you will receive a credit of $170 – $195 on a successful trade. This makes risk management and trading decisions much more simple. The outcome is always a Yes or No answer – you either win it all or you lose it all – hence it being a “binary” option. The risk and reward is known in advance and this structured payoff is one of the attractions.

Exchange traded binaries are also now available, meaning traders are not trading against the broker.

To get started trading you first need a regulated broker account (or licensed). Pick one from the recommended brokers list, where only brokers that have shown themselves to be trustworthy are included. The top broker has been selected as the best choice for most traders.

If you are completely new to binary options you can open a demo account with most brokers, to try out their platform and see what it’s like to trade before you deposit real money.

Introduction Video – How to Trade Binary Options

These videos will introduce you to the concept of binary options and how trading works. If you want to know even more details, please read this whole page and follow the links to all the more in-depth articles. Binary trading does not have to be complicated, but as with any topic you can educate yourself to be an expert and perfect your skills.

Option Types

The most common type of binary option is the simple “Up/Down” trade. There are however, different types of option. The one common factor, is that the outcome will have a “binary” result (Yes or No). Here are some of the types available:

  • Up/Down or High/Low – The basic and most common binary option. Will a price finish higher or lower than the current price a the time of expiry.
  • In/Out, Range or Boundary – This option sets a “high” figure and “low” figure. Traders predict whether the price will finish within, or outside, of these levels (or ‘boundaries’).
  • Touch/No Touch – These have set levels, higher or lower than the current price. The trader has to predict whether the actual price will ‘touch’ those levels at any point between the time of the trade an expiry.
    Note with a touch option, that the trade can close before the expiry time – if the price level is touched before the option expires, then the “Touch” option will payout immediately, regardless of whether the price moves away from the touch level afterwards.
  • Ladder – These options behave like a normal Up/Down trade, but rather than using the current strike price, the ladder will have preset price levels (‘laddered’ progressively up or down).These can often be some way from the current strike price.As these options generally need a significant price move, payouts will often go beyond 100% – but both sides of the trade may not be available.

How to Trade – Step by Step Guide

Below is a step by step guide to placing a binary trade:

  1. Choose a broker – Use our broker reviews and comparison tools to find the best binary trading site for you.
  2. Select the asset or market to trade – Assets lists are huge, and cover Commodities, Stocks, Cryptocurrency, Forex or Indices. The price of oil, or the Apple stock price, for example.
  3. Select the expiry time – Options can expire anywhere between 30 seconds up to a year.
  4. Set the size of the trade – Remember 100% of the investment is at risk so consider the trade amount carefully.
  5. Click Call / Put or Buy / Sell – Will the asset value rise or fall? Some broker label buttons differently.
  6. Check and confirm the trade – Many brokers give traders a chance to ensure the details are correct before confirming the trade.

Choose a Broker

Options fraud has been a significant problem in the past. Fraudulent and unlicensed operators exploited binary options as a new exotic derivative. These firms are thankfully disappearing as regulators have finally begun to act, but traders still need to look for regulated brokers.

Note! Don’t EVER trade with a broker or use a service that’s on our blacklist and scams page, stick with the ones we recommend here on the site. Here are some shortcuts to pages that can help you determine which broker is right for you:

  • Compare all brokers – if you want to compare the features and offers of all recommended brokers.
  • Bonuses and Offers – if you want to make sure you get extra money to trade with, or other promotions and offers.
  • Low minimum deposit brokers – if you want to trade for real without having to deposit large sums of money.
  • Demo Accounts – if you want to try a trading platform “for real” without depositing money at all.
  • Halal Brokers – if you are one of the growing number of Muslim traders.

Asset Lists

The number and diversity of assets you can trade varies from broker to broker. Most brokers provide options on popular assets such as major forex pairs including the EUR/USD, USD/JPY and GBP/USD, as well as major stock indices such as the FTSE, S&P 500 or Dow Jones Industrial. Commodities including gold, silver, oil are also generally offered.

Individual stocks and equities are also tradable through many binary brokers. Not every stock will be available though, but generally you can choose from about 25 to 100 popular stocks, such as Google and Apple. These lists are growing all the time as demand dictates.

The asset lists are always listed clearly on every trading platform, and most brokers make their full asset lists available on their website. This information is also available within our reviews, including currency pairs.

Expiry Times

The expiry time is the point at which a trade is closed and settled. The only exception is where a ‘Touch’ option has hit a preset level prior to expiry. The expiry for any given trade can range from 30 seconds, up to a year. While binaries initially started with very short expiries, demand has ensured there is now a broad range of expiry times available. Some brokers even give traders the flexibility to set their own specific expiry time.

Expiries are generally grouped into three categories:

  • Short Term / Turbo – These are normally classed as any expiry under 5 minutes
  • Normal – These would range from 5 minutes, up to ‘end of day’ expiries which expire when the local market for that asset closes.
  • Long term – Any expiry beyond the end of the day would be considered long term. The longest expiry might be 12 months.

Regulation

While slow to react to binary options initially, regulators around the world are now starting to regulate the industry and make their presence felt. The major regulators currently include:

  • Financial Conduct Authority (FCA) – UK regulator
  • Cyprus Securities and Exchange Commission (CySec) – Cyprus Regulator, often ‘passported’ throughout the EU, under MiFID
  • Commodity Futures Trading Commission (CFTC) – US regulator
  • Australian Securities and Investments Commission (ASIC)

There are also regulators operating in Malta and the Isle of Man. Many other authorities are now taking a keen a interest in binaries specifically, notably in Europe where domestic regulators are keen to bolster the CySec regulation.

Unregulated brokers still operate, and while some are trustworthy, a lack of regulation is a clear warning sign for potential new customers.

Recently, ESMA (European Securities and Markets Authority) moved to ban the sale and marketing of binary options in the EU. The ban however, only applies to brokers regulated in the EU. This leaves traders two choices to keep trading: Firstly, they can trade with an unregulated firm – this is extremely high risk and not advisable. Some unregulated firms are responsible and honest, but many are not.

The second choice is to use a firm regulated by bodies outside of the EU. ASIC in Australia are a strong regulator – but they will not be implementing a ban. This means ASIC regulated firms can still accept EU traders. See our broker lists for regulated or trusted brokers in your region.

There is also a third option. Traders who register as ‘professional’ are exempt from the new ban. The ban is only designed to protect ‘retail’ investors. A professional trader can continue trading at EU regulated brokers such as IQ Option. To be classed as professional, an account holder must meet two of these three criteria:

  1. Open 10 or more trades per quarter, of €150 or more.
  2. Have assets of €500,000 or more
  3. Have worked for two years in a financial firm and have experience of financial products.

Strategies and Guides

We have a lot of detailed guides and strategy articles for both general education and specialized trading techniques. Below are a few to get you started if you want to learn the basic before you start trading. From Martingale to Rainbow, you can find plenty more on the strategy page.

Signals and Other Services

For further reading on signals and reviews of different services go to the signals page.

Beginners Guides

If you are totally new to the trading scene then watch this great video by Professor Shiller of Yale University who introduces the main ideas of options:

Education for beginners:

Types of Trades

How to Set Up a Trade

The ability to trade the different types of binary options can be achieved by understanding certain concepts such as strike price or price barrier, settlement, and expiration date. All trades have dates at which they expire.

When the trade expires, the behaviour of the price action according to the type selected will determine if it’s in profit (in the money) or in a loss position (out-of-the-money). In addition, the price targets are key levels that the trader sets as benchmarks to determine outcomes. We will see the application of price targets when we explain the different types.

There are three types of trades. Each of these has different variations. These are:

Let us take them one after the other.

High/Low

Also called the Up/Down binary trade, the essence is to predict if the market price of the asset will end up higher or lower than the strike price (the selected target price) before the expiration. If the trader expects the price to go up (the “Up” or “High” trade), he purchases a call option. If he expects the price to head downwards (“Low” or “Down”), he purchases a put option. Expiry times can be as low as 5 minutes.

Please note: some brokers classify Up/Down as a different types, where a trader purchases a call option if he expects the price to rise beyond the current price, or purchases a put option if he expects the price to fall below current prices. You may see this as a Rise/Fall type on some trading platforms.

In/Out

The In/Out type, also called the “tunnel trade” or the “boundary trade”, is used to trade price consolidations (“in”) and breakouts (“out”). How does it work? First, the trader sets two price targets to form a price range. He then purchases an option to predict if the price will stay within the price range/tunnel until expiration (In) or if the price will breakout of the price range in either direction (Out).

The best way to use the tunnel binaries is to use the pivot points of the asset. If you are familiar with pivot points in forex, then you should be able to trade this type.

Touch/No Touch

This type is predicated on the price action touching a price barrier or not. A “Touch” option is a type where the trader purchases a contract that will deliver profit if the market price of the asset purchased touches the set target price at least once before expiry. If the price action does not touch the price target (the strike price) before expiry, the trade will end up as a loss.

A “No Touch” is the exact opposite of the Touch. Here you are betting on the price action of the underlying asset not touching the strike price before the expiration.

There are variations of this type where we have the Double Touch and Double No Touch. Here the trader can set two price targets and purchase a contract that bets on the price touching both targets before expiration (Double Touch) or not touching both targets before expiration (Double No Touch). Normally you would only employ the Double Touch trade when there is intense market volatility and prices are expected to take out several price levels.

Some brokers offer all three types, while others offer two, and there are those that offer only one variety. In addition, some brokers also put restrictions on how expiration dates are set. In order to get the best of the different types, traders are advised to shop around for brokers who will give them maximum flexibility in terms of types and expiration times that can be set.

Mobile Apps

Trading via your mobile has been made very easy as all major brokers provide fully developed mobile trading apps. Most trading platforms have been designed with mobile device users in mind. So the mobile version will be very similar, if not the same, as the full web version on the traditional websites.

Brokers will cater for both iOS and Android devices, and produce versions for each. Downloads are quick, and traders can sign up via the mobile site as well. Our reviews contain more detail about each brokers mobile app, but most are fully aware that this is a growing area of trading. Traders want to react immediately to news events and market updates, so brokers provide the tools for clients to trade wherever they are.

Trading FAQ

What Does Binary Options Mean?

“Binary options” means, put very simply, a trade where the outcome is a ‘binary’ Yes/No answer. These options pay a fixed amount if they win (known as “in the money”), but the entire investment is lost, if the binary trade loses. So, in short, they are a form of fixed return financial options.

How Does a Stock Trade Work?

Steps to trade a stock via a binary option;

  1. Select the stock or equity.
  2. Identify the desired expiry time (The time the option will end).
  3. Enter the size of the trade or investment
  4. Decide if the value will rise or fall and place a put or call

The steps above will be the same at every single broker. More layers of complexity can be added, but when trading equities the simple Up/Down trade type remains the most popular.

Put and Call Options

Call and Put are simply the terms given to buying or selling an option. If a trader thinks the underlying price will go up in value, they can open a call. But where they expect the price to go down, they can place a put trade.

Different trading platforms label their trading buttons different, some even switch between Buy/Sell and Call/Put. Others drop the phrases put and call altogether. Almost every trading platform will make it absolutely clear which direction a trader is opening an option in.

Are Binary Options a Scam?

As a financial investment tool they in themselves not a scam, but there are brokers, trading robots and signal providers that are untrustworthy and dishonest.

The point is not to write off the concept of binary options, based solely on a handful of dishonest brokers. The image of these financial instruments has suffered as a result of these operators, but regulators are slowly starting to prosecute and fine the offenders and the industry is being cleaned up. Our forum is a great place to raise awareness of any wrongdoing.

These simple checks can help anyone avoid the scams:

  • Marketing promising huge returns. This is clear warning sign. Binaries are a high risk / high reward tool – they are not a “make money online” scheme and should not be sold as such. Operators making such claims are very likely to be untrustworthy.
  • Know the broker. Some operators will ‘funnel’ new customer to a broker they partner with, so the person has no idea who their account is with. A trader should know the broker they are going to trade with! These funnels often fall into the “get rich quick” marketing discussed earlier.
  • Cold Calls. Professional brokers will not make cold calls – they do not market themselves in that way. Cold calls will often be from unregulated brokers interested only in getting an initial deposit. Proceed extremely carefully if joining a company that got in contact this way. This would include email contact as well – any form of contact out of the blue.
  • Terms and Conditions. When taking a bonus or offer, read the full terms and conditions. Some will include locking in an initial deposit (in addition to the bonus funds) until a high volume of trades have been made. The first deposit is the trader’s cash – legitimate brokers would not claim it as theirs before any trading. Some brokers also offer the option of cancelling a bonus if it does not fit the needs of the trader.
  • Do not let anyone trade for you. Avoid allowing any “account manager” to trade for you. There is a clear conflict of interest, but these employees of the broker will encourage traders to make large deposits, and take greater risks . Traders should not let anyone trade on their behalf.

Which Are The Best Trading Strategies?

Binary trading strategies are unique to each trade. We have a strategy section, and there are ideas that traders can experiment with. Technical analysis is of use to some traders, combined with charts, indicators and price action research. Money management is essential to ensure risk management is applied to all trading. Different styles will suit different traders and strategies will also evolve and change.

There is no single “best” strategy. Traders need to ask questions of their investing aims and risk appetite and then learn what works for them.

Are Binary Options Gambling?

This will depend entirely on the habits of the trader. With no strategy or research, then any short term investment is going to win or lose based only on luck. Conversely, a trader making a well researched trade will ensure they have done all they can to avoid relying on good fortune.

Binary options can be used to gamble, but they can also be used to make trades based on value and expected profits. So the answer to the question will come down to the trader.

Advantages of Binary Trading

The main benefit of binaries is the clarity of risk and reward and the structure of the trade.

Minimal Financial Risk

If you have traded forex or its more volatile cousins, crude oil or spot metals such as gold or silver, you will have probably learnt one thing: these markets carry a lot of risk and it is very easy to be blown off the market. Things like leverage and margin, news events, slippages and price re-quotes, etc can all affect a trade negatively. The situation is different in binary options trading. There is no leverage to contend with, and phenomena such as slippage and price re-quotes have no effect on binary option trade outcomes. This reduces the risk in binary option trading to the barest minimum.

Flexibility

The binary options market allows traders to trade financial instruments spread across the currency and commodity markets as well as indices and bonds. This flexibility is unparalleled, and gives traders with the knowledge of how to trade these markets, a one-stop shop to trade all these instruments.

Simplicity

A binary trade outcome is based on just one parameter: direction. The trader is essentially betting on whether a financial asset will end up in a particular direction. In addition, the trader is at liberty to determine when the trade ends, by setting an expiry date. This gives a trade that initially started badly the opportunity to end well. This is not the case with other markets. For example, control of losses can only be achieved using a stop loss. Otherwise, a trader has to endure a drawdown if a trade takes an adverse turn in order to give it room to turn profitable. The simple point being made here is that in binary options, the trader has less to worry about than if he were to trade other markets.

Greater Control of Trades

Traders have better control of trades in binaries. For example, if a trader wants to buy a contract, he knows in advance, what he stands to gain and what he will lose if the trade is out-of-the-money. This is not the case with other markets. For example, when a trader sets a pending order in the forex market to trade a high-impact news event, there is no assurance that his trade will be filled at the entry price or that a losing trade will be closed out at the exit stop loss.

Higher Payouts

The payouts per trade are usually higher in binaries than with other forms of trading. Some brokers offer payouts of up to 80% on a trade. This is achievable without jeopardising the account. In other markets, such payouts can only occur if a trader disregards all rules of money management and exposes a large amount of trading capital to the market, hoping for one big payout (which never occurs in most cases).

Accessibility

In order to trade the highly volatile forex or commodities markets, a trader has to have a reasonable amount of money as trading capital. For instance, trading gold, a commodity with an intra-day volatility of up to 10,000 pips in times of high volatility, requires trading capital in tens of thousands of dollars. However, binary options has much lower entry requirements, as some brokers allow people to start trading with as low as $10.

Disadvantages of Binary Trading

Reduced Trading Odds for Sure-Banker Trades

The payouts for binary options trades are drastically reduced when the odds for that trade succeeding are very high. While it is true that some trades offer as much as 85% payouts per trade, such high payouts are possible only when a trade is made with the expiry date set at some distance away from the date of the trade. Of course in such situations, the trades are more unpredictable.

Lack of Good Trading Tools

Some brokers do not offer truly helpful trading tools such as charts and features for technical analysis to their clients. Experienced traders can get around this by sourcing for these tools elsewhere; inexperienced traders who are new to the market are not as fortunate. This is changing for the better though, as operators mature and become aware of the need for these tools to attract traders.

Limitations on Risk Management

Unlike in forex where traders can get accounts that allow them to trade mini- and micro-lots on small account sizes, many binary option brokers set a trading floor; minimum amounts which a trader can trade in the market. This makes it easier to lose too much capital when trading binaries. As an illustration, a forex broker may allow you to open an account with $200 and trade micro-lots, which allows a trader to expose only acceptable amounts of his capital to the market. However, you will be hard put finding many binary brokers that will allow you to trade below $50, even with a $200 account. In this situation, four losing trades will blow the account.

Cost of Losing Trades

Unlike in other markets where the risk/reward ratio can be controlled and set to give an edge to winning trades, the odds of binary options tilt the risk-reward ratio in favour of losing trades.

Trade Corrections

When trading a market like the forex or commodities market, it is possible to close a trade with minimal losses and open another profitable one, if a repeat analysis of the trade reveals the first trade to have been a mistake. Where binaries are traded on an exchange, this is mitigated however.

Spot Forex vs Binary Trading

These are two different alternatives, traded with two different psychologies, but both can make sense as investment tools. One is more TIME centric and the other is more PRICE centric. They both work in time/price but the focus you will find from one to the other is an interesting split. Spot forex traders might overlook time as a factor in their trading which is a very very big mistake. The successful binary trader has a more balanced view of time/price, which simply makes him a more well rounded trader. Binaries by their nature force one to exit a position within a given time frame win or lose which instills a greater focus on discipline and risk management. In forex trading this lack of discipline is the #1 cause for failure to most traders as they will simply hold losing positions for longer periods of time and cut winning positions in shorter periods of time. In binary options that is not possible as time expires your trade ends win or lose. Below are some examples of how this works.

Above is a trade made on the EUR/USD buying in an under 10 minute window of price and time. As a binary trader this focus will naturally make you better than the below example, where a spot forex trader who focuses on price while ignoring the time element ends up in trouble. This psychology of being able to focus on limits and the dual axis will aid you in becoming a better trader overall.

The very advantage of spot trading is its very same failure – the expansion of profits exponentially from 1 point in price. This is to say that if you enter a position that you believe will increase in value and the price does not increase yet accelerates to the downside, the normal tendency for most spot traders is to wait it out or worse add to the losing positions as they figure it will come back. The acceleration in time to the opposite desired direction causes most spot traders to be trapped in unfavourable positions, all because they do not plan time into their reasoning, and this leads to a complete lack of trading discipline.

The nature of binary options force one to have a more complete mindset of trading off both Y = Price Range and X = Time Range as limits are applied. They will simply make you a better overall trader from the start. Conversely on the flip side, they by their nature require a greater win rate as each bet means a 70-90% gain vs a 100% loss. So your win rate needs to be on average 54%-58% to break even. This imbalance causes many traders to overtrade or revenge trade which is just as bad as holding/adding to losing positions as a spot forex trader. To successfully trade you need to practice money management and emotional control.

In conclusion, when starting out as a trader, binaries might offer a better foundation to learn trading. The simple reasoning is that the focus on TIME/PRICE combined is like looking both ways when crossing the street. The average spot forex trader only looks at price, which means he is only looking in one direction before crossing the street. Learning to trade taking both time and price into consideration should aid in making one a much overall trader.

Options Spreads Explained – A Complete Guide

Every options trader should know what options spreads are and what different types of options spreads exist. If you aren’t completely familiar with options spreads, this article will definitely help you out! After reading this article, you won’t only know what an options spread is. You will also be familiarized with all the different options spreads that exist. This is very powerful because if you fully understand options spreads, you will understand ALL options strategies!

So without further ado, let’s get started.

What Is An Option Spread?

Before we get into the different kinds of options spreads that exist, it is important to understand what an options spread even is. So what is an option spread?

An options spread is an option strategy involving the purchase and sale of options at different strike prices and/or different expiration dates on one underlying asset. An options spread consists of one type of option only. This means that options spreads either solely consist of call or put options, not both. Furthermore, an options spread has the same number of long as short options.

Let me give you a concrete example to make it clear what an options spread is. The following position is an options spread:

  • 1 XYZ short call with a strike price of 100 that expires in 40 days.
  • 1 XYZ long call with a strike price of 105 that expires in 40 days.

As you can see, the just-described options only differ in regards to strike price and opening transaction (one call option is bought and the other one is sold).

Let’s recap the characteristics of an options spread:

  • All involved options are on the same underlying asset (e.g. XYZ).
  • All involved options are of the same type (call or put).
  • An options spread always consists of the same number of purchased as sold options (e.g. 5 short and 5 long).

In other words, the options involved in an options spread only differ in regards to strike price and/or expiration date. This is the case for all options spreads, regardless of kind. So when I will walk you through all the different options spreads in a few moments, keep this in mind.

Even though the options involved in an options spread only differ in regards to 1-2 aspects, it is still possible to create a wide variety of different options spreads.

Next up, I will walk you through all the different kinds of options spreads: vertical spreads, horizontal spreads, diagonal spreads, credit spreads, debit spreads, bull spreads…

Option Spreads Visually Explained

Watch the following video for a visual breakdown of option spreads:

Different types of options spreads explained

What are vertical spreads?

Vertical spreads are options spreads created with options that only differ in regards to strike price. So basically, a vertical spread consists of the same number of short calls as long calls or the same number of long puts as short puts with the same expiration date (on the same underlying asset).

This doesn’t leave too many possibilities. That is also why only four different vertical spreads exist, namely bull call spreads, bear call spreads, bull put spreads and bear put spreads.

These four different vertical spreads can be ordered into different categories:

  • Bull Spreads: Bullish spreads (that profit from increases in the underlying asset’s price).
  • Bear Spreads: Bearish spreads (that profit from decreases in the underlying asset’s price).
  • Call Spreads: Spreads that consist of call options only.
  • Put Spreads: Spreads that consist of put options only.
  • Credit Spreads: Spreads that are opened for a credit (you get paid to open).
  • Debit Spreads: Spreads that are opened for a debit (you pay to open).

A bull call spread is a bullish debit spread, whereas a bear call spread is a bearish credit spread. A bull put spread is a bullish credit spread and a bear put spread is a bearish debit spread.

Here is how the four different vertical spreads are set up:

Bull Call Spread (aka. Long Call Spread):

  • 1 long call
  • 1 short call at a higher strike price (with the same expiration date)

Bear Call Spread (aka. Short Call Spread):

  • 1 short call
  • 1 long call at a higher strike price (with the same expiration date)

Bull Put Spread (aka. Short Put Spread):

  • 1 long put
  • 1 short put at a higher strike price (with the same expiration date)

Bear Put Spread (aka. Long Put Spread):

  • 1 short put
  • 1 long put at a higher strike price (with the same expiration date)

All vertical spreads are defined risk and defined profit strategies which means that you can’t lose or profit more than a certain amount. The amount of risk and potential profit depends on the width of the strikes and on the position of the strikes in relation to the underlying’s price.

To calculate the max risk and max profit of vertical spreads, you need one calculation:

Width of Strikes × 100 − Net Credit or Debit

This calculation reveals the max risk of credit spreads (Bull Put Spreads and Bear Call Spreads) and the max profit of debit spreads (Bear Put Spreads and Bull Call Spreads).

The max profit of credit spreads equals the net credit collected to open, whereas the max risk of debit spreads equals the net debit paid to open.

Vertical spreads are directional strategies which means that they mainly profit from price movement in the underlying asset’s price. That’s also why they are called bull/bear spreads. This means that vertical spreads are a strategy principally used to take advantage of price movement. Nevertheless, implied volatility and time still can influence vertical spreads to a certain extent.

What are horizontal spreads?

Horizontal spreads are options strategies that consist of the same number of long as short options that only differ in regards to the expiration date (on the same underlying asset). In other words, the options involved have the same strike price but a different expiration date.

Let me give you a concrete example to explain what a horizontal spread is:

  • 1 long ABC call with a strike price of 50 that expires in 29 days (front-month).
  • 1 short ABC call with a strike price of 50 that expires in 57 days (back-month).

Just like with vertical spreads, there only exist four different kinds of horizontal spreads, namely short call calendar spreads, long call calendar spreads, short put calendar spreads and long put calendar spreads. As you may have noticed, all of these spreads are calendar spreads. That is also the reason why horizontal spreads also are referred to as calendar spreads.

The setup of these four different calendar spreads is relatively simple:

Long Call Calendar Spread:

  • 1 short call (front-month)
  • 1 long call at the same strike price (back-month)

Short Call Calendar Spread:

  • 1 long call (front-month)
  • 1 short call at the same strike price (back-month)

Long Put Calendar Spread:

  • 1 short put (front-month)
  • 1 long put at the same strike price (back-month)

Short Put Calendar Spread:

  • 1 long put (front-month)
  • 1 short put at the same strike price (back-month)

Calendar spreads are mainly used as a strategy to profit from changes in implied volatility and from time decay. For instance, long calendar spreads profit from increases in implied volatility.

Generally, calendar spreads aren’t a very directional strategy. But depending on the strike selection, calendar spreads can be set up more and less directional.

What are diagonal spreads?

Diagonal spreads are a combination of vertical and horizontal spreads. A diagonal spread is a strategy that consists of the same number of long as short options that have different strike prices and different expiration dates.

The options used in vertical spreads only differ in regards to strike price, the options used in horizontal spreads only differ in regards to the expiration date and the options used in diagonal spreads differ in regards to both strike price and the expiration date.

There are many different ways to set up diagonal spreads. But here are a few concrete examples of possible diagonal spreads.

Diagonal spread example 1:

  • 1 short XYZ call with a strike price of 185 that expires in 27 days (front-month).
  • 1 long XYZ call with a strike price of 190 that expires in 55 days (back-month).

Diagonal spread example 2:

  • 1 long ABC put with a strike price of 78 that expires in 20 days (front-month).
  • 1 short ABC put with a strike price of 72 that expires in 48 days (back-month).

Just like I said before, diagonal spreads are a combination of vertical and horizontal spreads. This means that they try to profit from changes in both the underlying asset’s price and implied volatility/time. Diagonal spreads can be slightly to very directional strategies.

Recap – Options Spreads Explained

It is very important to understand what an options spread is and what different kinds of spreads exist. That’s why I want to recap some of the most important points of this article.

I created the following table to visually explain the different options spreads. Furthermore, this table actually reveals why the different spreads are called the way that they are (horizontal, vertical, diagonal).

Now you should know what different spreads exist. But you might ask yourself the question, which of these spreads is best.

There is no one right answer to this question. Not one spread is better than another. It really depends on the current market situation and on personal preferences. For instance, if you are bullish on a stock and want to take advantage of an up-move, a bull call vertical spread might be a good strategy. However, if you want to profit from a rise in implied volatility and don’t have a certain directional assumption, a horizontal/calendar spread would probably be a better choice…

I hope you understand what I am trying to say.

But generally speaking, vertical spreads are the simplest of the three. Horizontal and especially diagonal spreads are much more complex due to the different expiration dates of the different options. Therefore, I wouldn’t necessarily recommend trading (horizontal or) diagonal spreads if you aren’t completely familiar with them.

In the introduction, I mentioned that if you fully understand options spreads, you will understand all options strategies. But why do I think this?

The reason why I am saying this is that options spreads are the building blocks of almost all other options strategies. If you combine multiple options spreads, you can create almost any strategy. So instead of trying to understand how these dozens of different strategies work, it is much more efficient to learn how the building blocks of these strategies work.

Let me give you a few examples:

You probably realized that vertical spreads are relatively simple (compared to other options strategies). They are a two-leg strategy that consists of a long call and short call or a long put and short put.

But what happens if we combine multiple vertical spreads?

A new strategy is born! There are four different vertical spreads that can be combined to create a new strategy. I will now give you some concrete examples of what happens when you combine multiple vertical spreads.

Iron Condor

You may or may not know the option strategy iron condors. It is a very good and popular four-leg options strategy. Due to its four legs, it is usually labeled as an ‘advanced’ options strategy. But in reality, it isn’t anything else than a combination of two simple credit spreads.

I created the following image to explain this concept visually.

Hopefully, you can see how a combination of a bear call spread and a bull put spread create an iron condor.

Butterflies

Now let me give you another concrete example. Butterflies are another options strategy often referred to as complex and thus, only suitable for ‘advanced’ traders. But just like with iron condors, butterflies aren’t very complicated either. They are simply a combination of a bear call spread and a bull call spread.

Hopefully, these two examples make it clear how options spreads are the building blocks of most options strategies. These were just two of many examples where this is the case.

So in conclusion, options spreads can be thought of as Lego bricks. Just like Legos, options spreads can be combined in many different ways to create whatever your heart desires.

If you want to learn more about options strategies and when to use which strategies, you might want to check out my free strategy selection handbook.

My goal with this article was to introduce you to options spreads and thereby build a stable foundation for options trading strategies. It would be awesome of you to let me know if I achieved this goal in the comment section below!

Furthermore, if you have any questions, feedback or other comments, please tell me in the comment section.

10 Replies to “Options Spreads Explained – A Complete Guide”

Your explanation of the Option Spreads as building blocks to other strategies makes sense, but I am confused by the Iron Condor and Butterfly.

Does the Iron Condor and Butterfly make you money if the underlying asset price does not go over a certain amount or go over and then come back down before expiration?

That’s kind of what it looks like from looking at the graphs you included.

Thanks for your question. Iron condors and butterflies profit if the underlying asset’s price stays in a certain range. The size of this range depends on the strikes selected and the premium received/paid. I hope this helps with clarifying the confusion.

Otherwise, you could check out my article on Iron Condors and Butterflies.

Reading through this very comprehensive article on Option Spreads in Trading was so interesting. For someone new to this world of Trading it would need to be gone through a few times to fully understand all the terminology and nuances of trading. It is really complex for an ordinary person not versed in doing anything like this previously.

To my mind, if you are ready to Trade, you would need to be aware of the risks involved and not be afraid of losses. Only Trade with the amount you can afford, would be my way of thinking. Perhaps am too conservative.

It was very interesting to learn something new. Will take a look at it again at a later stage.

Thanks for the comment Jill. It is completely normal for people new to the world of trading to have trouble understanding everything. That’s actually also why I created a free trading terminology handbook in which you can look up all the seemingly complicated trading terms. So judging from your comment, you could definitely use my free trading glossary.

And no you are not too conservative! You should never risk more than you can afford to lose.

Hi Louis, I have completed your education classes and they are good, and I have learnt a lot. Best of all, I have learnt more from your free education than all the other programs I have paid for. Be leave me I have spent a lot of money on paid sites and it is not worth it. Selling short term options is my goal. However, I am have trouble comprehending receiving a credit when I sell an option. When I sell an option for a credit, I only receive the credit if it expires worthless Right. Thanks for your help

Hi Tom,
Thanks for the question. I hope I can clarify your confusion. When you sell an option to open a position, you receive a credit. So now you have a negative position open. To close this position, you could either buy back the sold option or wait until expiration. If you buy it back, you will give up some of the received credit. The amount of credit that you give back depends on the option’s price. If it has gone up, you might even have to pay more to close the position than you received when opening it.
If at expiration, the underlying’s price is at the right point, the option might expire worthless and only then, you could keep the entire credit that you collected when putting on the position.

Let me give you a concrete example:
You sell a call option with a strike price of $105 on XYZ which is trading at $100. You receive a credit of $1,50 (so $150). But now you have an open position which has to be closed for you to lock in the profit. As long as the position is open, the profits (or losses) are purely paper profits (or losses). They are only realized if you close the position which you can do by buying back the call option or by waiting until the expiration date.
Let’s say, you buy back the call option for $0,7 two weeks later. This would mean that you have a realized profit of $1,5 – $0,7 = $0,8 (or $80). So you can keep $80 of the collected credit.
If you instead wait until expiration and XYZ’s price is still below $105, you can keep the entire $150 of credit.

I really hope this helps. If you have any other follow-up questions, let me know.

Hi Louis,
In your reply to Tom looks like you did not mention that at expirations time if the stock price is above the strike price in a short call or below the strike price in short put, he would be forced to buy the stock at the strike price.

Thanks for the comment. Usually, when a trade such as a short call or short put is ITM shortly before expiration, I recommend closing the position for a loss. If you do this, you won’t have to buy or sell any shares at the strike price. I never recommend holding a losing short option position into expiration (unless you want to buy or sell stock at the strike price).
But you are right that if you would hold such a position into expiration, you would have to buy/sell stock at the strike price.

since a call spread would probably be assigned if the stock price goes above the strike price, it seems to me that it would be better to use a put spread when one expects the stock to go up and a call spread when one expects it to go down. Opposite of single options.

Hi and thanks for your comment,
I wouldn’t use assignment risk as a main factor when choosing which strategy to go for. Instead, I recommend looking at different market variables such as implied volatility, time till expiration, underlying asset, and price. Depending on the situation and your market assumption, a bull put spread can be better than a bull call spread and vice versa. The same goes for bear spreads. It depends on the situation.

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Listen, if you’re like most people today, you’re probably:

  • Tired of making next to nothing on your investments.
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Monday 5:30 AM

Whether you’re a seasoned trader or a complete beginner, you’re about to discover options are not nearly as complicated or as risky as you have been led to believe.

The truth is, most people, even many experienced stock brokers, just don’t understand options. You see, stocks have been around for literally hundreds of years, but listed options are relatively new. They are just a little over 40 years old. So it’s understandable that most people don’t know how they work.

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(NOTE: The course contains FULL SIZE videos so you can see everything clearly.)

And Now, I’m Here to Share
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First, let’s make sure you understand what options are. You may already know, but just in case you don’t, let me give you a simple example to illustrate how options work:

Let’s say you see an ad in your local paper for a pair of blue jeans. Your local clothing store is running a sale on them, and for next three days they are only $30. However, by the time you make it to the store they are all sold out of your size.

To keep you as a happy customer, the store clerk offers you a rain check. It entitles you to purchase a pair of the jeans at the sale price – $30 anytime within the next 60 days.

That rain check is just like an option. You have the right – but not the obligation – to buy the blue jeans at the guaranteed price of $30 any time before the expiration date in 60 days. The only difference is, with an option they charge you a small premium for that right.

What Makes Options
So Special?

Well, let’s take a look at the difference between buying a share of stock and buying an option.

Let’s say you get a hot tip. Your buddy tells you about a stock that’s just getting ready to take off. You know that everything your buddy touches turns to gold, so you decide to invest $10,000 in the stock.

Let’s assume the stock is priced at $100 per share, so you end up with 100 shares of the stock.

Now, let’s say your buddy is right and the stock takes off. It increases in value by fifty percent.

Not bad. Your stock went up by $50 a share. So if you decide to sell your 100 shares, you’ll profit $5000 ($50 X 100 shares).

Now, let’s go back to the beginning and consider what would have happened if you had invested your $10,000 into options to buy the stock, rather than investing in the stock itself.

Let’s assume you could purchase an option to buy a share of the same hot stock for $5 each (you are paying a $5 “premium” for the right – but not the obligation – to buy the stock). So now, your same $10,000 would get you the option on 2000 shares of stock.

Once again, we’ll say your buddy knew what he was talking about and the stock went up by fifty percent.

So, once again you made a killing. However, because we’re dealing with options, we have to calculate your profits a little differently this time. We have to figure in the price of the premium you paid for the option. So instead of making a profit of $50 on each share, you only made $45 on each option.

But wait a minute, since you were able to purchase the option on 2000 shares of stock, your profit jumps to $90,000!

Yes, Your Profit Jumps
to $90,000!

Now that illustrates the Power and Leverage you get with options.

And get this, that’s just one of the reasons options have become increasingly popular recently. There are many more including:

  • You get unlimited profit potential. five-figure monthly incomes are realistically within reach!
  • You can easily limit your risk and make losses virtually nonexistent!
  • You get the ability to profit whether the market is falling or rising (In fact, smart investors can make oodles of cash even during a market crash!)
  • You can quickly change your strategy mid-stream, to actually make money off a losing trade!
  • You can easily diversify your portfolio. options are readily available on stocks, indexes, futures and currencies.

If you get it wrong. you can lose money just as fast as you can make it with options!

So don’t think you can run right out and start making a ton of money with options. It’s critical that you have a good understanding of the options market before you dive in.

You need to find a good mentor. Someone that’s been extremely successful trading options. Someone with a proven system. Someone that can take you by the hand and walk you step-by-step through the entire process.

That’s where I come in.

But — that also brings up a good point: Unlike many people who teach stocks and options, I am not a former “market-maker” or specialist or a licensed professional in the financial industry.

I am a retail investor just like you, who after 23 years of testing and tweaking found a way to be successful and profitable trading stocks and options as a business. A successful business I run from home.

And, the business methods I use are the same ones used by professional hedge fund managers and market professionals who rarely, if ever, talk about their strategies.

So Why On Earth
Would I Share
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1) First, in this business, competition is good.

The markets are huge and worldwide. You can’t have too many traders. In fact, the more traders you have, the more money you can make and the more liquid the market becomes.

You actually want more people in the market.

2) Second, I want to give back.

This business has been very good to me. I’ve been fortunate enough to use it to build a lifestyle for my family that allows us the freedom to go wherever we want and do pretty much whatever we want. As long as I’ve got my laptop and an Internet connection, I’m all set.

Just imagine what it would be like for you to be able to give your family the same freedom.

3) Third, I love to teach.

I have been teaching people how to use the Internet to start a business since 1999. Thousands of people have learned how to make their living online with my courses, and that’s been very rewarding for me.

Now, it can be very rewarding for you too. You see, one thing I’ve learned in all my years of teaching is the very best way for you to learn is to have me show you how to do something – step-by-step – before you attempt it yourself. That’s why throughout my “Expert Option Trading” course you get to.

Look Over My Shoulder as
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That’s right. You actually get to watch as I make my daily trades and listen as I explain why I make the moves I do. You get to see exactly how I make money in the market.

  • Watch and listen as I pick which options I want to buy and sell and then explain why.
  • Look over my shoulder as I strategize about which trades to put together into a portfolio that will maximize profits and minimize risk.
  • Watch as I manage my portfolio in less than 15 minutes a day.
  • Follow along as I decide when to close a trade out and take my profits.

You get to look over my shoulder and watch me actually make money in the market . Who else does that? No one that I know of. You may be able to hire a personal trading coach that will do the same thing if you’re willing to spend thousands of dollars, but I’ve never seen anyone offering it.

And it doesn’t have to stop when you’re done with the course. Just sign up for my newsletter and you’ll be able to continue to watch as I make trades and manage my portfolio on a daily basis . See exactly how I make my living in the market.

“This Information is Priceless”

I just wanted to say. I bought your course and it is great! I watched all the videos in about one week and will be reviewing them again. I’m hooked on this stuff! I just started trading paper to try it out and hopefully build my confidence.

This information is priceless whether you want to follow the strategies presented or not. I’m very excited and hope that in a couple years I can do this as a business. I’ve always wanted or at least loved the idea of trading as a business at home, but I didn’t think it was possible. My experience was that it was a total crap shoot. But, as your course pointed out I’ve been trading blind.

This think or swim application is so unbelievable how you can analyze just about every possibility instantly in real time. And your strategies are so sound and logical. I love how the videos demonstrate exactly what you are teaching. Excellent!

A Radically Different
Approach to Options Trading!

Look, most people approach the options market as pure speculation or worse yet, gambling. That’s why most people think the options market is too risky. In this course, you’ll discover how to virtually eliminate the risk and approach trading as a real business.

It’s simple: All businesses buy and sell something to make money. you’ll be buying and selling options in your business. In addition, all good businesses are managed based on numbers and ratios – you’ll discover how to do the same exact thing. You’ll manage your business strictly by the numbers.

This takes your emotions totally out of the picture, which in turn removes most of the risk.

In fact, you’ll know exactly what your maximum profits are going to be BEFORE you ever place a trade. You won’t have to guess or speculate – you’ll have a plan.

Then – You’ll simply manage your position. And – if necessary, you’ll make adjustments to remain profitable. Or – you’ll use smart risk management tactics to cut your losses. Then – you’ll just collect your profits at the end of the trading cycle (monthly). That’s it!

And the best part is.

You Can Do All This In
Just 15 Minutes A Day
!

That’s right — Once your trades are set up for the month, it takes less than 15 minutes a day to look over the numbers and make any adjustments necessary. You won’t find a simpler business to run.

And listen, this business will never change. The principles, once you learn them, are yours forever. You’ll be able to hand them down to your children and grandchildren.

The principles will never change because the markets never really change. New products may come on the market, but as long as the stock market is still around, the basics of this business will never change.

This business is ‘Evergreen’, and the principles you’re learning will be valuable for many, many years to come.

And here are just a few of those principles you’ll be discovering:

  • How you can use options to Generate a Steady Monthly Cash Flow. you may even decide to walk away from your day job!
  • How to manage your options business strictly by the numbers. take your emotions completely out of the picture (this is HUGE!)
  • Why Risk Management is the key to your success in any type of trading. and why it’s essential in options trading!
  • How to create and utilize “Risk Profiles”. visually determine a trade’s potential profitability in one glance.
  • The secret that 99.8% of option traders don’t know. how to quickly change your strategy if the stock goes against you – up or down.

What Will Be Covered
for You In The Course?

You will get a total of 12 modules. Each one contains several ‘hands-on’ videos. Look over my shoulder and follow along as I walk you step-by-step through each topic.

Here’s just a small sample of things you’ll discover:


Module 1:
Introduction To Trading As A Business
Description:
This section introduces you to a new way of trading options — as a business. Emphasis is on risk management and building a portfolio of trades that can be managed strictly ‘by the numbers’.

Module 2: Introduction To Trade Types and Analysis
Description: This module includes a brief overview of buying and selling options using vertical spreads, double vertical spreads, bull call spreads, straddles, calendars, double calendars, and iron condors. It also includes a discussion of time value, intrinsic value, extrinsic value, and in-the-money (ITM), at-the-money (ATM), and out-of-the-money (OTM) options. In addition you’ll learn how to setup and use the thinkorswim platform to analyze your trades.


Module 3:
The Greeks – Managing By The Numbers
Description:
The ‘Greeks’ play a critical role in your trading business. They are the numbers you’ll use to manage your portfolio profitably.

In this module, you’ll gain an understanding of exactly what the Greeks are and, exactly how they impact your business. This section includes a video and a comprehensive, yet easy to read 5 page CONFIDENTIAL REPORT on how to profit from “The Greeks”.

Module 4 : Trade Selection And Strategy
Description:
In this module you’ll learn how to determine which positions to put on and precisely when and how to put them on. You’ll also learn what charts, if any, really matter, and we’ll take a look at the big picture behind what we’re doing.


Module 5: Portfolio Building
Description:
You’ll discover how to build a portfolio by putting on positions that work together. This is where many traders go wrong – they put on individual positions and do not understand how they affect their overall portfolio.


Module 6: Using The TOS Platform – The Tools Of The Trade
Description:
ThinkorSwim (TOS), is in my opinion, the best broker and has the best trading platform available. If you had to pay separately for the types of analysis tools they give you as an account holder, it would cost you hundreds of dollars a month in fees – with TOS they’re totally free.

I take you inside the TOS platform and help you access the power that’s available to you. (There are other software programs you can use to analyze your trades, but TOS is free when you open an account.)

Module 7: Portfolio Management By The Greeks, Adjustments, VIX and More.
Description:
Now that you’ve built your portfolio, your key to success is to manage it by the numbers. You learned the Greeks, now it’s time to put them into action. When you’ve completed this section you’ll be able to look at the numbers and quickly determine what they mean and what to do with them, if anything.

Module 8: The Art Of Adjustments – The Secret Key
Description:
What happens when your numbers don’t look good? This is where 99% of all traders get killed. they have no clue what to do when a position goes against them. So they just take the loss.

It’s too bad because most trades can be saved. They can be made profitable by adjusting. Imagine making one small change to your position and increasing your odds of making a profit by 80%! That’s what adjusting can do for you!

Adjustments are the missing link in option trading that almost no one teaches.

Module 9: Closing Positions
Description:
Discover how and when to close your positions for maximum profits. The risks of holding positions into expiration week. When and how to ‘buy’ short-term insurance to protect your profits. How to close positions and get free trades left over — that have a chance of DOUBLING your profits.

Module 10: The Big Picture – Technical Analysis
Description:
Part 1 – In this section you’ll find out which key analysis tools are critical in helping you determine the probabilities of market direction. We’ll discuss why the market moves up and down in a seemingly random fashion, and you’ll get a historical perspective on market movements going back to 1900.

You’ll end up with a realistic plan of attack for determining future market direction based on factual evidence.

In Part 2, you’ll learn about short-term indicators that can help you to better time your trades. And you’ll discover an indicator that predicts short-term and opening market direction with an amazing degree of accuracy. It’s right nearly 95% of the time!

Module 11: Advanced Techniques And Explosive Wealth Building Strategies
Description:
This should actually be titled as a bonus section. It not only contains the most powerful options strategies on the planet, it also introduces you to a couple of Super High-Powered stock trading strategies.

Explosive Strategy #1: Using this one method a $14,000 trade turned into a $75,000 profit in just 8 months. The most money at risk? Just $650. That was the total amount that was at risk when this position was initiated and NO more money was ever put into the position.

It has an amazing profit/loss ratio. It does require a longer time frame – 6 to 8 months, but it’s not uncommon for these trades to create the type of profits you can brag about. Want to make a killing in the market? It doesn’t get any better than this.

Explosive Strategy #2: Another method I call “Flipping Stocks” let’s you buy stocks cheaper than anyone else, and if the market does not cooperate – you get paid lots of money for waiting until it does! This is for bigger players with more capital. but when you have $15k or more to put to work, these longer term trades will generate explosive profits for you.

Explosive Strategy #3: With this new strategy you have unlimited upside or downside potential and only about $50 at risk. This strategy is extremely powerful and one of the biggest real ‘secrets’ that I know of. I’ve never seen anyone else discuss this tactic.

Wait until you see the power of this strategy. You can make $1000’s with a total risk of about $50. This is as close as it gets to a free-lunch on Wall Street! This is the perfect low-risk strategy for playing earnings reports, takeover news, or any stock you think will move big in either direction.

Explosive Strategy #4: If you want to be more active in stocks but hate the risk, you’ll love this strategy. With it, you can day trade without the risk normally associated with day trading. You can also set it up as a ‘semi-automated’ trading system.

It’s another very powerful low risk, high earning strategy for more active participants (requires capital of $25,000 due to ‘pattern day trading’ regulations).

Explosive Strategy #5: If you like the idea of the monthly income trades but you were wondering how to ‘turbo charge’ them to make a fortune, then you will love THIS strategy. Instead of $1000-$2000 a month you can start generating $5,000 to $40,000 a month after learning this.

This last strategy is the ‘icing’ on the cake – the peak moment in all your hard study. It will be worth 100 times what you paid for this course. maybe even more.

Why didn’t I reveal this to you before? Because you wouldn’t be able to use this strategy without the foundation laid out in Modules 0 to 10. Everything you’ve learned thus far has been leading up to this. AND Explosive Strategy #4.

There you have it. those are some highlights from what you’ll be learning in the course – I guarantee you won’t find anyone else teaching all this.

The course consists of 42 videos delivered to you on DVD.

I made the course incredibly affordable to make sure you could learn all this without having to stress over the price. I have paid as much as $3,000 for one course and $5,000 for another – you will get much more from this course than both of those combined. There’s even one online trading course that charges $7,500 for online access just to learn the basics of options.

How About Bonuses?


Bonus #1

M odule 12-1 : Inside Days
This is the One Trading Secret That Could Finally Make You Rich!

I’m not going to make any promises about how much money you’ll make using this trading strategy (that very few people know about and even fewer people understand). I’ll only say that it could make you rich. How much money you make using it depends entirely on you!

This one, simple, easy to learn strategy for trading stocks, options, futures, forex or any other liquid investment is, in my opinion, one of the greatest trading strategies anyone can use to start making money in the markets. “So What Are Inside Days?” An “Inside Day” is a day which has a ‘lower high’ and a ‘higher low’ than the previous day. Find out how to exploit these days for profit now!


Bonus #2

M odule 12-2 : Extreme Trading
Description: Watch this introduction to extreme Day Trading, and get ready for some really fast action excitement and profits! Watch me buy and trade the extremes and learn how you can do the same while you watch!

Bonus #3
FREE IMMEDIATE ACCESS :
GET STARTED RIGHT AWAY
Your course on DVD will take a few days to arrive, but you won’t have to wait until it does. You’ll get immediate online access to the entire course so you can get started right away. We’ll be charging $67 for that in the future because of the bandwidth required to view all 42 videos online, but you get it for free if you order today.

Here’s What a Few of Our Members Are Saying

[comments used with permission]

“I’m Very Impressed with Your Videos”

I have to say that you’re a very good teacher! I had absolutely no knowledge about options, so I followed your advice and went to the optionseducation.org web site to get some basics before beginning your course.

I’m very impressed with your videos and the helpful info and tips you’re giving. I’m through module 4 and I’m starting to get a good grasp of it. :-)

I’ll let you know how it goes!

“How Come It Was Hidden From Me For So Long?”

You are a good guy (what an understatement). I just reviewed the first part of strategy 1 in module 11. I can’t believe I haven’t read about it in any of the trading books (and I have read many). This is so simple. How come it was hidden from me for so long? Anyway, thanks for doing a great service for the trading community. God Bless.

“Your System Demystifies the Options Game”

Its Dave Ward here we swapped a few emails lately through your site. Why am I writing? Well I’ve been thinking about your course a lot lately (in fact all the time) and how fantastic it is. Since I got your videos I haven’t stopped thinking about the massive potential for ordinary guys like me to make money with options. I finish work and I’m reviewing your videos all night, I’m reading stuff, researching, talking to people about it. I don’t think I’ve ever been this excited about any other opportunity I have come across.

Your system demystifies the options game to a degree where almost anyone with good work ethic and willingness to learn can succeed. I’m positive that your course could have a positive impact on thousands of not tens of thousands of people who are struggling both on and off the internet to make money just like me. I know you have a massive list and already partner with some of the big names in network in network marketing but if you are looking for someone down in the trenches so to speak to partner with to further get the message out about your course through and affiliate program or whatever I would really love to be involved.

I hope you don’t mind me being so forward I’ve never written to anyone like this before but I have a good feeling about your course. I also know that that if you don’t ask you don’t get and that great opportunities don’t come around very often so you need to grab them with both hands if they do.

(Additional Testimonials Below )

What All Do You Get?

  • You get 42 videos shipped to you on DVD so you can easily watch them at home on your computer
  • You get the Core Training Program – 11 Modules that walk you step-by-step through the entire “Trading as a Business” system
  • You get the bonus Module which includes two High-Powered advanced strategies – “Inside Days” and “Extreme Trading”
  • You get immediate online access so you can get started right away
  • You get a 7 page course guide and a 5 page report on the “Greeks” in PDF format

Ok. so by now I’m sure you realize just how powerful the “Expert Option Trading” system is, and how it can dramatically change your life with all the additional income it will create for you.

But, now you’re probably wondering.

How Much Is This Going
To Set You Back?

Well, the real question you should be asking is how much is it worth to have an expert with over 23 years of stock and options trading experience take you by the hand and literally walk you step-by-step through the entire Expert Option Trading system? Someone who’s currently using the same system to generate an income that most people only dream about.

That’s exactly what I’ll do for you.

What would it be worth for you to be able to look over my shoulder while I make my own trades?

The answer should be obvious. It’s “Priceless”!

Remember, I reveal absolutely everything. All the tips, tricks, and strategies that allow me to make more money every month than many people make in a FULL year!

Here’s the bottom line.

Considering I’m handing you the exact formula I use to generate a full-time yearly income every month, this system is easily worth $1997. And considering similar option trading courses are priced between $5,000 and $10,000, even $1997 would be a bargain.

But don’t worry, I’m not going to charge you anywhere near that much. After much consideration, I’ve decided to price the course very fairly at only $497. However, in light of the economy right now I wanted to make it affordable to everyone. So if you grab a copy today.

You Get a
Massive Discount!

For a VERY limited time only, you can literally steal the entire course from me at an almost insane $1997. $497. $197!

But grab your copy now. this special price is only temporary and will be increased to $497 soon. possibly even before you get done reading this letter. And don’t worry. There’s absolutely zero risk on your part because. I’m shouldering all the risk (as I should) with a.

100% Iron Clad Unconditional Money-Back Guarantee.

Go through the entire “Expert Option Trading” system. Watch the videos, complete the training. and if at any time within 60 days you’re not thoroughly convinced the course is worth twice what you paid for it, just send it back.

That’s right. Take 60 days to check it out and, if for any reason. or no reason at all. you’re not TOTALLY satisfied with the income producing power of these revolutionary strategies, send it back and I’ll quickly refund every penny of your investment. It truly is risk free . So.

If you’d like a proven system capable of earning you a full-time income from home then take action right now. Get your hands on this program today.

YES – Dave, I want you to give me the exact
strategies and techniques I need to start
making my living trading stock options.

Send me the Expert Option Trading System:
Trading as a Business Training Program
A Total Value of $1,997 for ONLY $197.00!

  • I understand I will receive 4 2 videos delivered to my door on DVD.
  • I will also receive immediate online access to all 4 2 videos so I can get started right away.
  • I also understand my investment is backed by your Iron-Clad 60-Day No Questions Asked Money Back Guarantee.

There Are Two Easy Ways To Order

Option #1

Regular Price $ 4 97 Sale Only $197

Option #2

Two Payments Of $ 10 7 (now and in 30 days)

Trade with confidence!

David Vallieres Tim Warren
Course Developer/Creator Authorized Licensee

P. S. – Get instant access now before the price goes up. Remember, if you order today you’ll get the entire course for only $197. If you wait you may have to pay $497.

P. P. S. – Don’t forget, You can try it risk-free. With my 60-Day No Questions Asked Money Back Guarantee, all the risk is on me.

“I Found This Program Phenomenal”

After reviewing the Course on DVD several times I found this program PHENOMENAL. I went LIVE on thinkorswim platform right away and I started to make good money already with small losses. I am doing spreads and adjustments and I am very excited. I thank you very very much.

Sincerely,
Tadeusz Przechodzki

“I Have Been Trading . And Making Money!”

Yes, I have been trading . and making money! I was aware of many of these types of trades, but was not very good at adjustments – until now. There are so many trading secrets, and you do a GREAT job teaching them. Thank you for sharing this awesome course and improving my trading . now I trade with confidence!

“I’ve Been Very Un-successful in Trading Until I Found Your Videos”

It’s coming along very well.

I established an account with TDAmeritrade sometime ago, so I could trade on a daily basis. I already had the software but I’ve been very un-successful in trading until I found your videos.

I think your videos are really good for people like myself, I’ve been looking for someone to show me the secrets to trading. My goal is to establish a second monthly income and build wealth.

I’m extremely excited about the videos.

Thanks,
James Sims

“Safe Reliable Way to Earn a Monthly Income”

I have been trying to do stocks, forex, and options over the last 10 years or so and never found a safe reliable way to earn a monthly income from the money markets. That is until now! This information is so logical it blows me away. Thanks for awakening my dream (the one that got crushed by the FX markets).

Best Regards
Kevin. R. Davies

“Money Very Well Spent”

I appreciate these emails, I think they are great. This is a wonderful program. Money very well spent. I have been studying options for 7 months now and this is giving me far more information than anything else I have done.

“I Can’t Believe What I Have Been Missing”

Tim, Thanks for the msg. I can’t believe what I have been missing all this time. Makes me ill to think of all the money I have let slip through my fingers. Keep in touch, and Thank You.

“What a Great System”

What a great system i can’t belive it. It is in front of you and you just can’t see it. Thank you soo much, this will be a lot of fun after all my losses I had.
Great work thank you so much.

“Your Program Is The Best”

The videos are great.

I invested in all types of books went to seminars on stocks and options and not one them ever made it so simple to invest in options. For years I have been looking on how to invest properly in the market like the big boys who constantly make money in all markets. The thing that is most mind boggling is your program is the best and I didn’t have to pay $5,000 to get the information.

I just want thank you for having an awesome product that didn’t cost an arm and a leg and a few other body parts to obtain knowledge on trading options.

Thank you,
Ron Richardson

“Learned a LOT and Really Enjoyed It”

I just wanted to say how much we enjoyed and learned from your videos. I shared this with my Father who is a retired M.I.T. mathematician and an active trader. We both learned a LOT and really enjoyed it.

I have read over 100 books on trading and options and never learned as much as I did in your lessons.

Best Regards, Jeff & David Assael :)
Los Angeles, CA

Hi, I am extremely happy with your product. It is incredible value, something I did not get from other providers after speding upwards of $30,000!

“Over $1700 in Less Than a Day”

By the way, purchased a 4 day option with AAPL at $379 got out at $388 (I know risky move, on a four day option) made over $1700 in less than a day. I know that this is not the norm, but definitely now see the value of Options trading.

Once again, Thanks
Richard Maciel

“I Feel More Confident”

Hi. I’ve really been enjoying the Expert Option Trading course. I am learning so much, and it’s gotten me excited about trading in the market again. The only difference is this time I feel more confident.

“These Videos Are Brilliant”

I was unsure in the beginning but I got to say that these
videos are brilliant.

Best regards,
Lorenz Sommerer

“Explanation of His System is Awesome”

Thanks for the follow up. Yes, I’ve been using Thinkorswim for awhile now. Man, Dave’s explanation of of his system is awesome. I’m learning alot.

Again, Thanks Tim for checking up on me,
Kimmakone Siharath

“Service is Great”

My videos arrived yesterday! That was fast and am very happy. This quick service helps me trust you and Dave. When buying on-line I am always a bit leary but so far I am very happy with your products and service is great.

Thanks, Randy Scheffel

“Your Customer Service is as Great as Your Course”

Thanks a lot for your help and support and I must sat that your customer service is as great as your course. I sincerely appreciate.

All the Best, and a Warm Greeting from a Remote Island,
Thierry Pierre

© ExpertOptionTrading.com All rights reserved

Additional Disclaimer: I strongly recommend that you consult with a licensed financial professional or therapist before using any information provided on this web site Any market data or commentary used on this page is for illustrative, educational, and creative expression purposes only. Although it may provide information relating to investment ideas and trading as a business, visual ideas or opportunities to buy or sell securities or options, you should not construe anything on this page as legal, tax, investment, financial or any other type of advice. If you do, it’s your own fault. Nothing contained on this page constitutes a solicitation, recommendation, promotion, endorsement, push or offer to buy or sell any security by anyone involved with this site Copyright © 2020 by Expert Option Trading All rights reserved

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