*Still in progress*
The thetatraderz course consists of the definition of options, why sell options, strategies and my thoughts on how to setup and manage trades. Each topic will include a video and a google doc with questions to answer (dont worry I leave a timestamp when I answer the question!) This course is available to thetatraderz members as part of the inner circle. You will receive the password for all the videos in the discord. If interested in joining go to https://thetatraderz.com/ and join in an annual or lifetime membership. To find each topic go to the bottom of this website, under categories click on course, then click on the # video.
Here are the topics, they are meant to be done in order but feel free to do them in whatever order you like.
- What are options?
- What is a call?
- What is a put?
- Benefits to options over stocks
- What does it mean when you buy a call or put?
- What does it mean when you sell a call or put?
- Pros and cons to buying and selling calls and puts
- Delta
- Theta
- Gamma
- Itm, ATM, otm and decay
- Intrinsic and extrinsic value
- Open interest, volume, bid ask spread and opex
- Why sell options to earn consistent income?
- Ways to sell options: cash secured puts, covered calls, spreads
- Cash secured puts
- Covered Calls
- Wheel strategy
- Credit spreads
- Iron Condors
- Strangles
- What I look for in the greeks and technical analysis when selling options (a few videos on this)
- Selling 0 DTE strategy
- Selling longer dated cash secured put strategy
- Selling credit spread strategy.
- Selling long dated iron condor strategy.
- Selling options on futures
- Selling low delta naked puts/strangles on futures strategy
- Selling covered strangles on futures strategy
- Managing cash secured puts
- Managing credit spreads
- Managing iron condors
- Using Roth IRA’s selling options
- Portfolio allocation considerations
- Calculating ROI
- Delta hedging
- Advanced strategy #1 Poor man covered calls
- Advanced strategy #2 Dividend capture via covered calls
- Advanced strategy #3 Naked puts and strangles on stocks and futures
- Advanced strategy #4 How to hedge as insurance
- Conclusion