TGO 2010 Training Webinars All Levels
English | [email protected]×480 29.97fps | [email protected] | 2.67 GB
Options Indoc Inbrief
In this high energy in brief youll learn who Options University is and how we transferred the same processes and methodologies that we used in combat situations and applied them to options trading on Wall Street. Trading is a form of combat. Youll learn how our unique, proprietary training system can take someone who has no idea what an option is, and in a short amount of time turn them into a proficient trader.
1 What is an Option?
See how we take a building block approach to teach the art and science of options trading, starting with the most basic concept the option itself. Youll learn about the benefits of trading options, including leverage and limited risk, and the benefits of options over stocks.
2 Option Contracts
Options are traded in a market and we look at how they work, including a behind the scenes look at the role of OCC. Youll learn the two types of options contracts: call and puts. We explain the specific characteristics of options including: strike price, expiration, and premium. We also explain the rights and obligations that come with options.
3 Long Calls
Learn the most basic bullish tactic and how it works for the buyer (holder), and how you must begin your options trading with a determination of your strategic mindset bullish, bearish, volatile or neutral. Learn how to read the profit and loss diagram, including max risk, max loss, and breakeven. We show a simple example of this bullish tactic using Freeport McMoran (FCX) and how only 3 things can happen to the stock.
4 Short Calls
We take a look at the other side of the long call, a bearish to neutral tactic known as the short call. Explore the short call in terms of the seller (writer), and the obligations of being short. We look at the profit and loss diagram of the short call, the risk of assignment, and review the most basic short call strategy, the covered call. We take a look at the other side of the FCX trade.
5 Long Puts
We roll inverted and explore the most basic bearish tactic, the long put, and how you can make money when a stock falls. We take a look at the profit and loss diagram of the long put and identify the max profit, max loss, and breakeven. We use FCX as our bearish example and how only 3 things can happen to stock and how we can profit using the long put.
6 Short Puts
The other side of the long put is the short put, a neutral to bullish tactic. We look at what being naked means and how it can be potentially dangerous to the seller (writer). Being on the opposite side of the buyer you are short and carry risk of assignment. We look at a huge benefit to selling a put the ability to buy a stock you like at a discount.
7 Options Indoc Outbrief
In this high energy out brief youll learn that Top Gun Options is not for everyone. Investors who join the proprietary Top Gun Options program are a select group who are ready to commit the effort and dedicate the time required to succeed. Top Gun Options is a program like no other, where our skill based education and practical applications will set up for success. If you trade options now, well make you better. Discipline. Risk Management. Superior Execution. Top Gun Options.
Tue, August 03, 2010 Primary Education, 8PM EDT
An introduction to option chains helps to better understand price information. The data is consistent from brokers and internet vendors and the option chain columns are explained including stock, month, bid/ask, volume and more. A discus ion of moneyness for determing which strike to buy or sell breaks down in the money, at the money, and out of the money. This is the relationship between the strike price and the current price of the underlying asset. Intrinsic or real value of an option is calculated and time value concept is explored. Calculations for ITM, ATM and OTM show the importance for increasing probability.
Tue, August 10, 2010 Primary Education, 8PM EDT
The importance of a trade plan is discussed as a discipline tool. The components of this plan are laid out to have an objective approach for each and every trade. An example of Google is used based on our expectations. A directional long call tactic is introduced to build and executed a trading plan. Goldman Sachs is evaluated technically and the expected volatility calculated to select months and strikes. Varying scenarios are evaluated to watch strikes and greeks reactions for different options.
This session began with the How and Why options are priced and the factors that effect them. A brief history of pricing models lays a foundation for the six factors that influence the price of an option. The ITM, ATM and OTM comparison for separate inputs changes in pricing variables. A more in depth discussion of these factors introduces the option greeks and sensitivity measures. When buying or selling options this information is used to anticipate how the price will react in varying market conditions. Volatility as a critical input is discussed at length using the bell curve illustration for historical volatility. Implied volatility helps indicate expectations and weather an option is expensive or cheap to select proper trading tactic. This class finishes with an introduction to the VIX and how to determine expected volatility.
Wed, August 11, 2010 Primary Education, 8PM EDT
Put tactics are introduced. A review of long put basics looks at OTM, ITM, and ATM strikes. An IBM option is evaluated using stock technicals, expected volatility and greeks. This information is used to compare strike payoffs and premium action from time and stock price changes. The trade management plan examines the risk control and position moving both for and against us. The protective put as insurance analogy is used to protect stock positions. A strike comparison shows the coverage of this tactic. An example of a significant stock profit in Sandisk looks at different levels of protection and the cost and payoff. Married puts have tax implications that are important to to be aware.
Mon, August 16, 2010 Expiration Week Special
The recast of this special expiration week webinar can be seen using the below:
Replay The Webinar
Tue, August 17, 2010 Primary Education (Final Class)
The last primary class breaks down two tactics. These are useful selling tactics to generate income for the portfolio. The cash secured naked put is broken down with and example trade and a trading plan. A discussion using Starbucks brings in topics of fundamentals, support, break even cost basis calculations and selecting strike prices. The final primary tactic is the covered call. This is designed to increase revenue form stocks held. A discussion of profit and loss outcomes and risk control is examined for APPLE stock at different strikes and a way to sell a stock. A trade plan is constructed for Bristol Meyers Squibb covered call to increase performance on long shares.
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