Option Basics No. 2

Option Trading for Rookies: Complete Guide to Options

Introduction

Covered Calls

Why You Must Learn Covered Calls (3:22)
Mutual Fund Managers are Destroying Your Retirement Account (3:05)
"Lowering Cost Basis" Explained (1:42)
Option Basics Recap (3:28)
Using Our Rules to Setup a Covered Call (2:57)
Lowering Cost Basis with Stock (2:07)
The Golden 3 Criteria Used to Create the Covered Call (4:19)
The Golden 3 Criteria Explained (2:35)
Visual Illustration of Covered Call - Part 1 (1:58)
Visual Illustration of Covered Call - Part 2 (4:21)
Options: Let's get on the same page (0:10)

Understand Options Completely

What is an Option (1:53)
Option Basics No. 1 (2:37)
Option Basics No. 2 (0:57)
Option Basics No. 2 - Non-Standard Expirations (1:55)
Option Basics No. 3 (1:33)
Option Basics No. 4 (1:54)
Option Basics No. 5 (4:01)
Kinds of Options - Calls (2:15)
Kinds of Options - Puts (1:29)

Buying Options vs. Selling Options

Selling Options for Monthly Income

What is a Short Put (1:42)
Short Puts Visual Illustration (5:36)
When to Use Short Puts (2:21)
Caution: The Risk of Assignment (3:06)
Danger: Selling Puts on High Priced Stocks (2:48)
Trading Checklist: Selling Puts (1:15)
Trading Rule No. 1: Duration over Direction (1:32)
Trading Rule No. 2: Volatility (Explained and Illustrated) (4:11)
Trading Checklist: Trading Platform Illustration (8:18)
Define Risk with Verticals (0:16)

Verticals: Call and Put Options

What Is a Vertical (1:00)
Shorting or Selling Call Verticals (2:42)
Visual Illustration of Short Call Verticals (1:24)
Deeper Look into How Short Call Vertical Works (3:02)
How Profits and Losses Work within Verticals (1:52)
Selling Naked Call Option Compared to Selling Call Vertical (2:41)
"Shorting" or Selling Put Verticals (2:16)
Visual Illustration of Selling Put Vertical (1:51)
Selling Naked Put Compared to Selling Put Vertical (1:18)
Next Stop... Iron Condor (0:04)

Iron Condor: The "Bread & Butter" Strategy

What is an Iron Condor (2:42)
"Bread & Butter" Iron Condor Rules, POPs and Visuals (4:15)
Trade Page Setup Illustration (3:29)
Trade Page Profit/Loss, POP & Managing Winners Explained (4:19)
Breakeven Price Explained (2:44)
Live Trading Platform Setup (5:18)
Managing Winning Trades (3:09)
Key to Long Term Success in Option Trading (0:10)

Making Profitable Option Trades

What Fundamental Analysis Is (0:59)
What Technical Analysis Is (1:29)
What the Greeks Are (1:23)
Making a Trade: The Checklist (0:43)
Step 1: How to Create a List of Tradable Stocks (2:03)
Step 2a: Checking Liquidity (1:28)
Step 2b: Checking Liquidity Continued (1:06)
Step 3a: Watch List Creation (1:02)
Step. 3b Check for Earnings (3:50)
Step 4. Check Implied Volatility (2:33)
Step 5: Think like Warren Buffet (4:04)
Making a Trade: Recap of Five Steps (1:27)