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Advanced Options Strategies Virtual Workshop

May 24 @ 7:00 pm - May 27 @ 8:30 pm EDT

Welcome to our Advanced Options Strategies virtual workshop, designed to build on strategies learned in the Options Strategies series.

Welcome to our four-part series of the Advanced Options Strategies virtual workshop, designed to build on strategies learned in the Options Strategies virtual workshop series. This event is designed to be for those with a solid understanding of options looking to explore more advanced strategies.

Each of these virtual sessions will be 90 minutes long, moderated by the event managers and taught by an education coach. We welcome you to join one or all of the sessions.

  • Learn about Long Vertical Spreads and characteristics to look for in this trading strategy
  • Combine both short call and short vertical spreads to create an Iron Condor
  • Understand the benefits of time spreads as we dive into Calendar Spreads by combining options with different expirations
  • Structure Diagonal spreads by combining options with both different strikes and expirations

Part 1 of 4: Long Vertical Spreads

Monday May 24th | 7:00 – 8:30 PM

In part one of this four-part series you’ll learn how to combine a long option, which drives potential profit, and a short option, which helps define risk, to construct a long vertical spread for both bullish and bearish strategies.

Key Takeaways:

  • Understand criteria for selecting Long Verticals (debit spreads) instead of Short Verticals (credit spreads)
  • Understand how Option Greeks are used to help define the trade
  • Learn the mechanics of placing this trade in the thinkorswim platform
  • Understand how this strategy could potentially benefit an overall portfolio

Learning Outcome: After this session you will have an understanding of criteria used to choose Long Vertical spreads, and how they can potentially benefit a portfolio.

Part 2 of 4: Iron Condors

Tuesday May 25th | 7:00 – 8:30 PM

In part two of this four-part series, you’ll learn how using both a short call vertical spread and short put vertical spread simultaneously to construct the Iron Condor. This trade can benefit from a range-bound stock price action and from the decline in implied volatility.

Key Takeaways:

  • Learn how volatility impacts this strategy, and ways to identify ideal conditions
  • Learn criteria for selecting an Iron Condor, including price, time and volatility
  • Learn how to analyze the Iron Condor with the thinkorswim Analyze tool
  • Understand management of the Iron Condor strategy

Learning Outcome: After this session you will have an understanding of how to identify criteria for an Iron Condor, how to construct the trade and analyze the trade for the proper management of the position.

Part 3 of 4: Calendar Spreads

Wednesday May 26th | 7:00 – 8:30 PM

In part three this four-part series you’ll learn how to combine a long option and a short option at the same strike but different expiration date to create a calendar spread. We will see how the short option helps reduce the cost of the long option, and why that is a desired outcome.

Key Takeaways:

  • Learn about the benefits of time spreads and when to use them
  • Understand the importance of Option Greeks in defining the calendar spread
  • Discover how a short option helps offset the cost of a long option in this strategy
  • Learn the mechanics of placing this trade in the thinkorswim platform

Learning Outcome: After this session you will have a basic working knowledge of how to use calendar spreads. Additionally, you’ll learn to sell multiple short options over

Part 4 of 4: Diagonal Spreads

Thursday May 27th | 7:00 – 8:30 PM

In our final session, of this four-part series, we’ll build on principles from Calendar Spreads to introduce the Diagonal spread, which introduces different strike prices in addition to different expirations.

Key Takeaways:

  • Become familiar with the reason a trader might use this strategy over vertical spreads or calendar spreads
  • Understand how implied volatility and the passing time impacts this strategy
  • Trade with a direction bias while reducing risk of long options
  • Learn the mechanics of placing and managing this strategy in the thinkorswim platform

Learning Outcome: After this session you will have been introduced to a strategy where a trader or investor might benefit from a neutral-to-up trending underlying, and the goal is to take advantage of rising implied volatility and passing time.

Details

Start:
May 24 @ 7:00 pm EDT
End:
May 27 @ 8:30 pm EDT
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