Tuesdays Apr 4 - Jun 13, 2017
Time: 6:00 - 7:30 pm
Manoa Innovation Center, Room 160
2800 Woodlawn Drive, Honolulu
RSVP now! Class size is limited.
This 10-week class covers the basic principles, strategies and management of stock options trading on the US markets. The special emphasis this quarter will be on low-risk trades and developing a good track record. Students will download and learn to use TDA’s thinkorswim platform and execute over 100 practice trades. Suitable for both beginners and traders refreshing their knowledge of strategy and management of options.
Apr 4 Time & Price
Apr 11 Reading Charts
Apr 18 The Greeks
Apr 25 Basic Strategies 1 (Puts, Calls, Verticals, Iron Condors)
May 2 Momentum
May 9 Probability
May 16 Volatility
May 23 Basic Strategies 2 (LEAPS, Straddles, Strangles, Butterflies)
May 30 Expiration & Assignment
Jun 6 Special Evening w/ Russell Rhoads (CBOE)
Jun 13 Developing Your Trade Plan
All trading is performed on Simulated Trading platform, and sample trades are for illustration and education purposes only. The order, content and location of classes may be changed without notice. All homework will be coordinated through the class page in the Vault honoluluoptionstraders.com/vault
As a result of this Fundamentals class, students should be able to
• understand the various ways that option traders make money
• describe the benefits of options for investors
• assess current market conditions for direction & volatility
• analyze charts for range, direction, trend, gaps and support
• determine the price components of any option
• keep accurate records of profits and losses
• calculate the probability of an option’s success
• scan and sort candidate stocks
• analyze low-, medium- and high-risk trades
• open and close Level Two trades on thinkorswim
• protect a portfolio of stocks using option
• execute Calls, Puts, Covered Calls, Credit and Debit Spreads, Iron Condors, Straddles, Strangles, Butterflies and LEAPS
• manage expiration of options and stock assignments
• scan and sort candidate stocks
• analyze low-, medium- and high-risk trades
• complete 100 trades in PaperMoney account
These classes will be followed in Fall 2017 by the Advanced Course for those wishing to take their trading skills to the next level. Starting in Fall 2017, when available, this 10-week Fundamentals classes can be repeated for $100.