Course Summary

Entries & Exits

Successful options trading is 100% dependent on your ability to find and entry trades that give you an "edge" in the market. This module helps teach you how to properly scan for and select the best strategies to execute smarter option trades each day. We'll also review different option order types including market, limit and stop orders while highlighting some key tactics and tips you can use today. Plus, you'll dive into some advanced topics with order entry checklists, when to close trades, rolling mechanics, and how to pin specific high probability trades.

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Course Outline

26 Video Lessons

Game of Numbers

Gaining confident with any trading system starts with a firm knowledge and understanding of the numbers. You have to see the end in sight to...

Allocation Per Trade

At the heart of all high probability systems there is a requirement that you have small positions with every trade. If you learn how to trad...

7 Step Entry Checklist

After hundreds of requests I've broken down the top 7 things you need to check or review before each trade. Plus we covered this in a very p...

Strong Liquidity Examples

In this short presentation we'll show you some examples of stocks that have great liquidity as well as stocks that have very poor liquidity ...

Picking The Next Direction

Even though we know we can never consistently pick the next direction of an underline stock's movement we can use some basic technical analy...

Scanning For Trades

Looking for new trades is much easier than most people believe. Most traders assume that scanning for possible trading set ups takes hours o...

Back-Testing Technical Analysis Signals

Traders are stir crazy about technical analysis and using the signals from indicators like MACD to trade. Yet do you really know if the indi...

Strategy Selection Process

The process of selecting the correct option strategy is all about elimination. Eliminating strategies that do not work for that current mark...

Option Pricing Table Basics

Decoding an options pricing table is fairly simple and in this quick video tutorial we'll help you go through all of the different sections ...

Setting Up Your Trade Tab

Once you have identified a possible trade and a strategy that you want to use we will now help you set up your trade tab so that you can cor...

Pinning Your Probability of Profit

Placing high probability trades is actually incredibly easy once you know where to look and in this video tutorial we will help you figure o...

Using Delta For Probabilities

I'm often asked, "Kirk I can't find the option probability factors?" so today I'll show you how you can use Delta as a substitute for the IT...

Buy To Open Vs Sell To Open

Opening orders are very important when trading options. In this video I'll quickly cover Buy to Open vs Sell to Open. Buy to open orders ar...

Buy To Close Vs Sell To Close

Know which type of closing order to enter is just as important when trading options as opening orders. In this video I'll quickly cover Buy ...

Market, Limit, Stop Loss Orders

Online brokerages provide many types of option orders to fulfill our various trading needs. The common types of orders available are market ...

5 Types of Contingent Orders

Contingent orders are a great way to place orders in the market if you are not able to watch positions throughout the day. Anyone who is wor...

Limit Orders

Limit orders are the most widely used order type because it guarantees that you get into or out of a trade at the price you want. For 99% of...

Market Orders

Market Orders are trade orders that are placed at the next available market price. We never suggest using these orders as a general course o...

Limit On Close Orders

If you don't have much time to trade options then using limit on close orders can help you exit your trades at a specific price near the en...

Market On Close Orders

Market on close orders will fill your trade as close to the end of the trading day as possible at the market price. We do not prefer any typ...

Advanced Contingent Orders

So you work a day job and want to trade options for income right? Who doesn't! But you're afraid of not being "there" all the time to make ...

Taking Profits Before Expiration

Using a past video update for our members I'll cover a handful of option trades that I closed for both profits and losses plus some new trad...

Mechanics Of Rolling

Let's first start our discussion on rolling with a conversation about whether or not it's even a viable strategy to begin with for your part...

Consider Future Events

Having an understanding of possible future events that could affect your position either favorably or unfavorably is a key distinction betwe...

Course Objectives

What You'll Learn:

Why the options trading "game" is just about understanding math and probabilities.
The importance of trading liquid stocks and ETFs plus our entry checklist.
Scanning for trades and using the right technical analysis signals.
How to select and setup the best options strategy based on implied volatility.
Mastering different order types and how to automated profit taking.

Course Intructor

Kirk Du Plessis

Founder & CEO at Option Alpha. Former Mergers and Acquisitions Investment Banking Analyst for Deutsche Bank in New York, REIT Analyst for BB&T Capital Markets in Washington D.C., and consultant for multiple funds, family offices, and financial advisors. He’s been featured in dozens of publications including Barron's, Smart Money, Forbes, Nasdaq, and MarketWatch.

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