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Options Learning Tools

 
     
 

On this page I have put a list of the Options Learning Tools that I have found most helpful. Some are free, some are not. All are good!

Smart Options Trading

 
     
 
 
     
  Looking for some further study on option trading and all its aspects? Here is my top pick:

Trading Pro System 

Trading Pro System: Trade Stocks & Options
You can get this incredibly comprehensive course on Stock Market Technical Analysis and Trading. This course has serious "WOW" factor at amazingly good value. Apart from all the e-books that you get, there is more than 24 hours worth of video material. If you can find a more thorough training at better value, I will eat my hat after you have passed it through the sewers of Paris! Read my full review, or get it Here


     
 
 
     
 
 
     
 

On this page is a collection of Options learning tools that I have collected and used over time. Some are free; some are not; one or two are even quite expensive. All are useful. All have value. This is the result of years of filtering through hype, fluff and marketing to get to a narrowed down list of good quality material that will help option traders at every level.

Too often we think of investment in terms of money and/or time. Don't forget that EDUCATION is an investment that has multiple, highly leveraged returns in the long run.

NOTE: All links will open on a new page.

Articles and Tutorials - FREE

1. The Options Industry Council - online tutorial and lots of helpful articles
2. Wikinvest - a good Wiki with lots of free articles on Options Trading Strategies
3. Learn Stock Options Trading - a new site with good tutorials for beginners
4. Great Option Trading Strategies - the name speaks for itself
5. CBOE Options Toolbox. An outstanding piece of software that demonstrates how any options trade can work in theory. Read my review on my Options Software page.

Training Courses - the free articles are great, but sometimes investing in a good training package is more helpful for developing you strategies. If you are serious about trading, then
Articles = "what"; These courses = "How"

  1. Options University - provides a series of online courses and software that will give you the edge and help you become a successful options trader. The material I provide on this website is free, but OU provide a ton of top class material that is literally at the university level in terms of derivatives trading. If you are serious about trading, and need the good software that goes with the course material, you really should consider doing this excellent course.

  2. Trading Pro System - this very popular course focuses on some option trading strategies that are ideal for beginners or the risk averse. With 25 hours of video material, the exact details of technical analysis, setting a trade and exits. The material is clearly presented, and I have had incredibly positive feed back from my readers.

Technical Analysis Tools

Chart Analysis - various free tools for chart analysis
1.INO's Free Trend Analysis - enter your symbol and receive a free technical analysis. If you setup a portfolio of your favourite stocks, you get a daily email with a trend analysis for your picks about an hour before trading begins, making it easy to set up trades. This is one of my most utilised tools, and I use it every day with Credit Spread Trading.

2. Stock Consultants - a very detailed a thorough analysis of any stock. Up to 10 stocks per day for free. This is another one that I use daily for my Credit Spread Trading - it provides excellent data on trends, and in particular, support and resistance levels.

Stock Picking Tools

1. Flag Trader- this one is expensive, but is by far the best one I have seen so far. I use it for picks for straight options trades. Using a combination of insider trading analysis, money flow and flag chart signals, the system comes up with daily picks for you to use. Check out the video before deciding. You can also sign up for their newsletter and watch their trades (after they happen) for a couple of months. I paid for the whole training course and years subscription in about two weeks of trading. Click here.

2. Top 50 Trending stocks - I use this service for picking stocks for credit spreads, naked puts and iron condors. Free for 14 days, then $8.95 per month - cheaper than the commission on one trade.Click Here


Software - some essential software tools. See my reviews on the Options Software page.

1. Volcone Analyzer Pro - OU's excellent software for live options trading. Volatility analysis instantly lets you know whether your proposed trade has profit potential or not.


Calculators

1. Optionvue Research's Probability Calculator - simple, free calculator that I use constantly for setting up credit spread trades.
2. Optionvue Research's Fair Value Calculator - To see whether an option being traded is fairly valued, use the Fair Value Calculator to determine your trade bias. As options trading is primarily based of this concept, this is an important feature that helps determine whether current options prices are over-valued or under-valued.

Data

1. Volatility
2. Put Call ratios

 

 

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