As the New Year kicks off I thought I'd do a recap of The Options Playbook webinar series. The first on-demand video for this series was posted in October of 2009, the hour long web casts covered virtually all the key concepts a newer options trader should understand thoroughly. I cover one concept per webinar, run through some real-world examples where possible, then field questions from live attendees. These are all based on the popular print version of the Options Playbook, in its expanded 2nd edition. The Q&A part of these is often the best - you guys really know how to probe all the particulars, folks! It gives a fresh angle on these topics you won't find anywhere else.
If you haven't already attended these (or have missed a few), here's a chronological list of the series to date. These are free videos, so remember to share the links with friends and family.
1) What is an Option?
2) Where Do Options Prices Come From?
3) When and Which Option to Buy 1
4) Options Traders' Top 10 Mistakes
5) Which Option to Buy 2
6) Meet the Greeks
7) What is Volatility?
8) Options Strategies for Rookies 1
9) Options Strategies for Rookies 2
10) Cashing Out Options 1
11) Cashing Out Options 2
12) The Fig Leaf Strategy
13) Long Puts Spreads: Setups and Uses 1
14) Long Puts Spreads: Setups and Uses 2
15) Short Call Spreads: Setups, Risks and Uses
16) Short Put Spreads: Setup, Risks, and Uses
17) Long Straddles and Strangles: Setup, Risks, and Uses
18) Long Calendar Spreads: Setup, Risks, and Uses
19) Diagonal Spreads: Setup, Risks, and Uses
To find out when the my next live Options Playbook webinar will be go to http://webinars.tradeking.com.
TradeKing's Options Guy
Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options available at http://www.tradeking.com/ODD.
Multiple-leg options strategies involving additional risks and multiple commissions and may result in complex tax treatments. Consult with your tax advisor as to how taxes may affect the outcome of these strategies.
Content, research, tools, and stock or option symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or to engage in any particular investment strategy. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results and are not guarantees of future results.
Implied volatility represents the consensus of the marketplace as to the future level of stock price volatility. Delta represents the consensus of the marketplace as to the theoretical price movement of the option relative to the underlying security. Gamma represents the consensus of the marketplace as to the theoretical rate of change of Delta relative to the underlying security. Theta represents the consensus of the marketplace as to the amount a theoretical option's price will change for a corresponding one-unit (day) change in the days to expiration of the option contract. There is no guarantee that these forecasts will be correct.
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