Options for Beginners

Straightforward options classes and training, teaching you real strategies to increase consistency of returns and put the odds in your favor

Led by Luke Downey View Instructor Bio

See what other students are saying
$399.00 $399 USD
Lifetime Access
  • One time payment, money back guarantee
  • Self-paced online course, lifetime access
  • Interactive content and downloadable materials
FAQs

Course Description

Options have an unearned reputation as being “complicated,” but if you know how to sell a home or buy insurance, you can find success with options.

This course is for intermediate and experienced traders, and a brokerage account is a prerequisite. It simplifies options buying (a Call) and selling (a Put) and—above all—shows you how to “wait for the slow pitch.”

You’ll learn to:

  • Improve flexibility in your portfolio by adding options
  • Approach Calls as down-payments, and Puts as insurance
  • Interpret expiration dates, and distinguish intrinsic value from time value
  • Calculate breakevens and risk management
  • Explore advanced concepts such as spreads, straddles, and strangles

This course includes:

  • Over 5 hours of on-demand video, exercises, and interactive content.
  • A free Excel spreadsheet that helps you calculate the value of your options over an inputted time and value.
  • Certificate of Completion

    Receive an Investopedia Academy Certificate of Completion when you finish this course

  • Financial Assistance

    Students, individuals in emerging international markets, and U.S. military may be eligible for reduced pricing. Email AcademySupport@investopedia.com.

Course Curriculum

Glossary
  • Pre-Test
  • Options Course Intro
  • Course Goals
  • What You'll Need
Understanding Options
  • Understanding Options Intro
  • What Are Options?
  • Intrinsic Value vs. Time Value
  • Greeks
  • Understanding Options Conclusion/Recap
Puts & Calls: Overview
  • Puts and Calls Introduction
  • What are Puts?
  • What are Calls?
  • Buying Options
  • Selling Options
Puts & Calls: Buying & Selling
  • Buying Puts
  • Buying Calls
  • Selling Puts
  • Selling Calls
  • Puts and Calls Conclusion
  • Buying & Selling Review
Calculating Breakevens & Risk Management
  • Breakeven & Risk Management Workbook
  • Calculating Risk Intro
  • Calculating Buying Calls
  • Calculating Selling Calls
  • Calculating Buying Puts
  • Calculating Selling Puts
  • Calculating Risk Conclusion
Patient Analysis
  • Patient Analysis Intro
  • Volatility
  • Time On Your Side
  • Patient Analysis Conclusion
Four Trades: Set-Ups
  • Four Trade Setup Workbook
  • Trade One - Income Trade - Selling Call
  • Trade Two - Income Trade - Selling Put
  • Trade Three - Insurance Protection
  • Trade Four - Stock Replacement
  • Trade Setup Conclusion
Live Examples: Putting The Pieces Together
  • Charts & Grids Intro
  • Live Trade Intro
  • Covered Call Sale
  • Targeted Purchase
  • Buy Insurance
  • Long Exposure
  • Bonus Trade
  • Live Trade Conclusion

About the Instructor

Lucas Downey
Lucas Downey Co-Founder of Macro Analytics for Professionals

Lucas Downey is Co-Founder of Macro Analytics for Professionals (www.mapsignals.com) where he produces proprietary equity long/short signals via accumulation/distribution research. This research continues to identify market beating long and short stock ideas for both professionals and individual investors. MAP was selected as 1 of 10 research partners exclusively marketed by Bloomberg to institutional clients. Previously, Mr. Downey served as a Director of Equity Derivatives for Cantor Fitzgerald & Co, where he brokered and traded options for 8 years. Additionally, he was Head of ETF sales focusing on client execution & relationships and publishing strong performing stock ideas to clients. With Options for Beginners - his first course for Investopedia Academy - Luke takes his 10+ years of knowledge in options to make the course easy and relatable to anyone in the world. Additionally, he served as Senior Vice President, Equity Derivatives for Jefferies, LLC.

Students are Saying...

Options for Beginners is an outstanding course that is well structured and easy to navigate. I really valued the professional approach of Luke. I now feel confident to go out and do some basic options trades after taking this course.

Daniel Tscherry
Options for Beginners student

Investopedia Academy provided me the tools to expand my financial analysis skills with a fun and easy to understand course.

Greg Curl
Project Manager of Algorithmic Lending

I love the way Investopedia designed their courses. The Academy allows me to have complete on demand access to each course I purchase. Investopedia Academy was perfect in that it allowed me to take the courses at my own pace and I could rewatch any lessons I wanted. 

Samy Abouseda
Student at HEG, Bachelor in Business Administration

Investopedia Academy provided me the tools to expand my financial analysis skills with a fun and easy to understand course.

Greg Curl
Project Manager of Algorithmic Lending

I needed an entry-level understanding of the markets, and this course provided me with the crisp and clear information I was after. Most courses and sites make trading very complex, but David Green laid out his strategy in a very easy and straightforward manner. David aligned the content of the course perfectly with his day trading strategy; he could be an outstanding Business School Professor too.

Simon Joseph
Engineer

I am really enjoying the Technical Analysis course. They have a great professor that is simple and easy to understand, especially for a beginner like me!

Hung Le Phuoc
Student at MacEwan University