Description
What you’ll learn.
Understand the importance of an options trading plan and how options expiration impacts it
Review the impact of the exercise and assignment processes in options trading
Determine how pin risk and dividend risk can have an impact on your options strategies
Use the Delta-Gamma approximation formula
Apply the quick formulas for at-the-money straddles and 20-delta strangles
Analyze the differences in distribution between an option’s intrinsic and extrinsic values
Understand the principles behind the Black-Scholes option pricing model
Assess the impact of volatility skew and term structure in options strategies
Understand put-call parity and its applications such as synthetic positions, box spreads and the impact of hard-to-borrow status on option pricing
Apply put-call parity to positions such as covered calls, condors, butterflies and vertical spreads
Analyze second and third order greeks and how they react to changes in underlying price, volatility and time to expiration
Review premium-selling strategies by implied volatility level and directional outlook
Learn how to trade the VIX using VIX Futures, VIX ETFs and ETNs and VIX Options
Learn to adjust and roll options positions
Understand how to manage an Options Portfolio and all its components to maximize profits and minimize risks
