Limitless Stock Options Accelerator

Module 1: Introduction to Stock Options
Lesson 1.1: What is the Stock Market? 
Lesson 1.2: Understanding Options: Basics and Terminologies

Lesson 1.3: The Difference Between Stocks and Stock Options

Lesson 1.4: Types of Options: Call and Put

Lesson 1.5: Benefits and Risks of Trading Options

Module 2: Option ContractsLesson 2.1: Elements of an Option Contract

Lesson 2.2: How to Read an Option Chain

Lesson 2.3: Intrinsic Value and Time Value

Lesson 2.4: Moneyness: IntheMoney (ITM), AttheMoney (ATM), OutoftheMoney (OTM)

Lesson 2.5: Option Expiration and Exercise

Module 3: Pricing Options and GreeksLesson 3.1: Understanding Option Pricing

Lesson 3.2: Introduction to Greeks: Delta, Gamma, Theta, Vega, Rho

Lesson 3.3: Impact of Volatility on Option Pricing

Lesson 3.4: The BlackScholes Model for Option Pricing

Lesson 3.5: Application of Greeks in Option Trading

Module 4: Trading Strategies for Stock OptionsLesson 4.1: Basic Option Trading Strategies: Long Call, Long Put

Lesson 4.2: Protective Put and Covered Call

Lesson 4.3: Spreads: Bull Call, Bear Put, Butterfly

Lesson 4.4: Straddles and Strangles

Lesson 4.5: Risk and Reward Analysis for Different Strategies

Module 5: Practical Skills: Trading Platform and Order PlacementLesson 5.1: Introduction to Trading Platforms

Lesson 5.2: Setting Up a Brokerage Account

Lesson 5.3: Placing Option Orders: Market, Limit, Stop, Stop Limit

Lesson 5.4: Managing and Monitoring Your Portfolio

Lesson 5.5: Practical Exercise: Virtual Trading

Module 6: Risk Management and Regulatory ConsiderationsLesson 6.1: Importance of Risk Management in Options Trading

Lesson 6.2: Using Stop Loss and Take Profit in Options

Lesson 6.3: Understanding Margin Requirements for Options

Lesson 6.4: Regulatory Framework for Options Trading

Lesson 6.5: Ethical Considerations in Options Trading

Module 7: Beyond BasicsLesson 7.1: Advanced Trading Strategies: Iron Condor, Calendar Spread, Diagonal Spread

Lesson 7.2: LEAPS and Binary Options

Lesson 7.3: Using Options for Hedging and Speculation

Lesson 7.4: Impact of Corporate Actions on Options

Lesson 7.5: Continuous Learning and Improvement in Options Trading

Lesson
Participants 1588
Lesson 7.1: Advanced Trading Strategies: Iron Condor, Calendar Spread, Diagonal Spread
Michael Gustin July 5, 2023
In this lesson, we delve into more advanced trading strategies.
1. **Iron Condor**: This is a strategy that involves four options with the same expiration date but different strike prices. It’s a combination of a bear call spread and a bull put spread. The goal is to profit from low volatility in the underlying asset. The maximum profit is the net premium received, and the maximum loss is the difference between the strike prices minus the net premium received.
2. **Calendar Spread (or Time Spread)**: This involves buying and selling two options of the same type (calls or puts), same underlying asset, same strike price, but with different expiration dates. It profits from the difference in time decay between the two options.
3. **Diagonal Spread**: This strategy is a combination of horizontal and vertical spreads. It involves two options of the same type, same underlying asset, but with different strike prices and expiration dates. It profits from differences in time decay and changes in implied volatility.
Each of these strategies has its own risk/reward profile and suitability for different market conditions.
– Reference: [Investopedia: Iron Condor](https://www.investopedia.com/terms/i/ironcondor.asp), [Investopedia: Calendar Spread](https://www.investopedia.com/terms/c/calendarspread.asp), [Investopedia: Diagonal Spread](https://www.investopedia.com/terms/d/diagonalspread.asp)