Options Risk Management

About this course

Options can reduce risk or multiply it. Learn how to size positions, prefer defined-risk structures, manage early assignment, avoid earnings surprises and monitor portfolio-level delta and theta.

What you will learn

• Size options positions by maximum loss
• Manage assignment and dividend risk
• Plan around earnings and events
• Monitor portfolio delta and theta

1. Module 1

   Introduction

   2 lessons
   • Welcome to Options Risk ManagementVideo · 9 min · Free preview
   • Course Roadmap and Completion RequirementsWritten lesson · 6 min · Free preview

2. Module 2

   Core Principles

   2 lessons
   • Options Contracts: Strike, Expiration and PremiumVideo · 9 min
   • Calls and PutsWritten lesson · 6 min

3. Module 3

   Position Structure

   2 lessons
   • Long vs Short OptionsVideo · 9 min
   • Covered CallsWritten lesson · 6 min

4. Module 4

   Financial Analysis

   2 lessons
   • Reading an Option ChainVideo · 9 min
   • The Greeks: Delta, Gamma, Theta and VegaWritten lesson · 6 min

5. Module 5

   Risk Management

   2 lessons
   • Sizing Options PositionsVideo · 9 min
   • Assignment and Early ExerciseWritten lesson · 6 min

6. Module 6

   Real-World Examples

   1 lessons
   • Example: Selling a Covered CallVideo · 9 min

7. Module 7

   Case Study

   1 lessons
   • Case Study: One Year of Covered CallsCase study · 9 min

8. Module 8

   Final Assessment

   2 lessons
   • Final AssessmentQuiz · 4 min
   • Applied AssignmentAssignment · 7 min

Downloads included

• Options Risk CalculatorXLSX · included with the course
• Options Trading JournalXLSX · included with the course

Member reviews

• “Good overview; the risk management module was especially valuable.”

  ANAndrea Nakamura · Jul 9, 2026