01
Risk Profile of Stocks vs. Options
Stock and options positions can have very different risk characteristics. This course introduces risk graphs as a way to visualise potential outcomes and understand how the risk profile of a stock position differs from that of an options strategy.
02
Stock and Options Quote Screens
Trading platforms can feel overwhelming when you are unfamiliar with the information displayed on screen. Learn what the key elements of an options quote screen represent and how to interpret the different parameters.
03
Understanding Order Types
Market, limit, and other order types can affect how a trade is entered or exited. This course introduces the main order types available on trading platforms and explains why understanding their differences matters.
04
Capital Efficiency of Stocks and Options
Stocks and options have different capital requirements, leverage characteristics, and potential risks. Explore how capital is deployed across different types of positions and why the amount required for a trade should not be confused with its overall risk.
05
Risk Graphs and Options Greeks
Risk graphs help traders visualise possible outcomes, while the Greeks describe how an option's value may respond to factors such as changes in the underlying price, time, and implied volatility. This course introduces how these concepts relate to one another.
06
Debit Spreads and Credit Spreads
Debit and credit spreads involve different trade structures and risk-reward profiles. Learn how they differ, how buyers and sellers approach these positions, and why understanding the maximum potential loss is important before entering a trade.
07
Risks and Margins for Debit and Credit Spreads
Explore the distinctions between debit and credit spreads, including how their risk characteristics and margin requirements may vary. The course helps explain why these structures should be evaluated individually rather than treated as interchangeable strategies.
08
Probability Analysis in Options Trading
Probability is one way to evaluate possible trading outcomes, but it does not guarantee how a trade will perform. This mini course introduces probability analysis in options markets and its role in assessing potential scenarios.
09
Beta and Strategy Selection
Beta offers a way to understand a stock's historical sensitivity to broader market movements. Learn why beta can be relevant when comparing potential trading candidates and evaluating strategy selection.
10
Options Trading Simulator
A simulator allows traders to examine hypothetical scenarios before applying a strategy in live markets. This course introduces the basics of options simulation and modelling, helping you understand how changing assumptions can affect potential outcomes.
11
Understanding the Limitations of the VIX Index
The VIX is widely followed as a measure of expected near-term volatility in the S&P 500, but it can be misinterpreted when viewed without context. Explore some of the limitations involved in interpreting the index and understand why it should not be treated as a standalone market-direction signal.
12
Trading SPX Options With Leverage
SPX options offer exposure to the S&P 500 index, but leveraged trading structures can introduce additional complexity and risk. This course explores instruments used to obtain leveraged SPX exposure and the considerations traders should understand before using them.
13
Rolling an Iron Condor
Adjusting an iron condor can involve multiple option legs and additional decisions about risk and position management. This course introduces the concept of rolling an iron condor and the considerations involved when evaluating an adjustment.
14
Index Intermarket Analysis
The Dow Jones Industrial Average, S&P 500, Nasdaq, and Russell 2000 can move together—or diverge under changing market conditions. Learn how traders examine relationships between major U.S. indices and why divergences may warrant further analysis rather than automatically signalling a reversal.