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Advanced Options Strategies

Calendars, diagonals, ratio spreads and volatility-based strategies.

Victor NguyenVictor NguyenOptions Strategist, 20 Years in DerivativesAdvanced 27 lessons 6h 19m
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About this course

The final course in the Stock Options Trader Path. Study calendar and diagonal spreads, ratio spreads, protective collars and volatility-driven positioning, with a strong emphasis on risk graphs and scenario planning.

What you will learn

  • Construct calendar and diagonal spreads
  • Understand ratio spread risk
  • Use collars to protect concentrated positions
  • Position around implied volatility

Curriculum

8 modules · 27 lessons · 6h 19m

  1. Module 1

    Introduction

    3 lessons

  2. Module 2

    Core Principles

    5 lessons
    • Options Contracts: Strike, Expiration and PremiumVideo · 17 min
    • Calls and PutsWritten lesson · 12 min
    • Intrinsic and Extrinsic ValueVideo · 17 min
    • Implied Volatility and Time DecayWritten lesson · 12 min
    • Knowledge CheckQuiz · 7 min

  3. Module 3

    Position Structure

    4 lessons
    • Long vs Short OptionsVideo · 17 min
    • Covered CallsWritten lesson · 12 min
    • Cash-Secured PutsVideo · 17 min
    • Defined-Risk SpreadsWritten lesson · 12 min

  4. Module 4

    Financial Analysis

    4 lessons
    • Reading an Option ChainVideo · 17 min
    • The Greeks: Delta, Gamma, Theta and VegaWritten lesson · 12 min
    • Calculating Break-Even and Return on CapitalVideo · 17 min
    • Annualizing Returns HonestlyWritten lesson · 12 min

  5. Module 5

    Risk Management

    4 lessons
    • Sizing Options PositionsVideo · 17 min
    • Assignment and Early ExerciseWritten lesson · 12 min
    • Earnings, Events and Gap RiskVideo · 17 min
    • When Not to TradeWritten lesson · 12 min

  6. Module 6

    Real-World Examples

    3 lessons
    • Example: Selling a Covered CallVideo · 17 min
    • Example: Assignment on a Cash-Secured PutWritten lesson · 12 min
    • Example: Rolling a PositionVideo · 17 min

  7. Module 7

    Case Study

    2 lessons
    • Case Study: One Year of Covered CallsCase study · 19 min
    • Debrief: Income vs Opportunity CostWritten lesson · 12 min

  8. Module 8

    Final Assessment

    2 lessons
    • Final AssessmentQuiz · 7 min
    • Applied AssignmentAssignment · 15 min

Your instructor

Victor Nguyen

Victor Nguyen

Options Strategist, 20 Years in Derivatives

Victor spent two decades on institutional derivatives desks before teaching individual investors. His courses emphasize probability, position sizing and risk first.

Stock OptionsIncome StrategiesRisk Management
All courses by Victor

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