Silver

Who Should Take Option Pit Silver Course

Are you new to option trading and wonder how options really trade? Have you read several books but forgotten most of what you read? Have you watched an option TV show and been intrigued on how options work? Have you gone through the mountains of free information out there but found yourself confused? Then the Silver Course, Option Pit’s Option Trader Foundations Course is for you.

The Option Pit Silver Level Course

Option Pit’s Silver Course is a 7 part series designed to introduce new option traders to the fundamentals in a cohesive fashion where the knowledge builds from one level to the next. New traders will gain a concrete understanding of the basics that they can leverage toward more advanced training and trading. The Option Pit Silver Course curriculum is designed to help all of our clients gain the most out of the option coaching in both Option Pit Live and the Gold Course.

With an approach that starts with the option quote and focuses on the mechanics of options (the way professional option traders learn), new option traders have the necessary foundation for success. Without a foundation, option trading is all luck and no calculation.

Option Pit’s mentors have 25 years of floor trading experience and practice teaching floor traders to be successful. We have put “the basics” into an easy to follow course that acts as a stepping stone to budding option traders as they work toward learning more advanced option trading strategies.

Simultaneous to signing up, you will receive Option Pit’s subscription service that includes the Daily Pit Report and the Daily Strategy letter, so new traders (and old) can see the theory put into practice in real time..

What Will Be Covered in the Option Pit Silver Course

Part 1- Learn the mechanics of options from the option quote out. Master the basics of calls and puts, relative value and the directional relationship to the underlying security.

Part 2-  Use the action of Settlement, Exercise and Expiration to understand how options and the underlying truly relate to one another.

Part 3- Profit, loss and risk are combined and applied for an introduction to how basic option positions behave.

Part 4- Learn to read an option screen like a professional trader by applying synthetic option relationships to real world situations.

Part 5-  Use and understand the difference between Margin and Risk, Opportunity Cost and Time for applied option strategies.

Part 6-  Feel how market volatility affects option prices by applying the mechanical knowledge of the entire course.

Part 7- Apply all the mechanics and fundamentals for beginning risk management, trade structure and efficient use of capital by analyzing intermediate option positions.