What Is Options Trading?
Options trading is a type of investment that allows you to buy or sell an underlying asset at a predetermined price and date. This type of trading is different from buying and selling stocks because it gives you the ability to control a large number of shares with a relatively small amount of money.
There are two main types of options: call options and put options. A call option gives you the right, but not the obligation, to buy the underlying asset at a specific price on or before a certain date. A put option gives you the right, but not the obligation, to sell the underlying asset at a specific price on or before a certain date.
When you buy an option, you pay a premium to the seller. The premium is the price you pay for the right to buy or sell the underlying asset. If you decide to exercise your option, you will pay the strike price, which is the predetermined price at which you have the right to buy or sell the underlying asset.
There are many different strategies you can use when trading options. Some common strategies include buying or selling call or put options, using covered calls to generate income, or using spreads to limit your risk.
Options trading can be a great way to generate income, hedge your risk, or speculate on the direction of an underlying asset. However, it is important to understand the risks and how to manage them, as well as the tax implications of your trades.
Whether you’re a beginner, or have options trading experience, Options Strategies Insider is an invaluable resource for taking your skills to the next level. Below we will dive deeper into our review of Options Strategies Insider, and share why we believe your future in options trading is bright, with Options Strategies Insider on your side.
Is options trading not your thing? Well if you’re more of a swing trader, be sure to check out this review of Mindful Trader. Or for those looking to steer clear of options and just focus on individual stocks, check out The Motley Fool.
What is Option Strategies Insider?
Option Strategies Insider is a service that teaches the fundamentals of options trading. It offers a range of resources, including videos, modules, and swing trading alerts. The videos are easy to follow and provide a mix of theory and practical insights. The service is led by Chris Douthit, an options expert, and offers both free and paid courses. The premium courses provide access to advanced strategies, and the tools and strategies can be applied to markets in any environment. By dedicating a few hours per week to the lessons, users can learn the strategies used by professional options traders.
Who is Chris Douthit?
Chris Douthit is a finance industry veteran with an MBA in finance and several finance degrees. He has worked as a professional trader for Goldman Sachs and other firms, and has written successful books about finance and wealth management. He started Option Strategies Insider after noticing that many investor sites were run by people with no options trading experience. In a personal letter on the site, Chris emphasizes the potential for options trading to generate wealth, but also acknowledges that it takes work to learn how to trade them properly. He offers easy-to-understand modules to help people learn how to trade options.
Options Strategies Insider Free Membership
The Option Strategies Insider entry-level membership offers hours of training on option trading for beginners. The module uses 2-D animation, quizzes, and other resources to teach principles of options trading. The free membership includes a beginning options course, intermediate options course, and other resources for options traders. It is likely suitable for those new to trading options or looking for a refresher.
In addition to the free membership, Option Strategies Insider offers two different membership levels as well: executive, and ultra. So while the free membership is best for complete beginners and offers educational materials but no trading tools or perks. The executive membership costs $97/ month and is best for those who are ready to implement their training and start trading. Executive membership also includes trade ideas with a 90% success rate. Stop playing checkers when it comes to your options trading, and start playing chess.
The ultra membership is for those who want to increase their trade frequency and includes high-risk options, with the potential for high rewards but also typically a higher likelihood of failure. This usually includes one or two extra alerts per month to maximize your returns. It’s also important to know that past results are not guaranteed. The ultra membership is $167/Mo.
For either membership you are able to cancel at any time, and when you pay annually you’ll gain two months for free.
Is Options Strategies Insider Worth It?
Is Options Strategies insider worth it? Option Strategies Insider is absolutely a service worth considering for those interested in learning how to trade options. The platform offers personalized lessons and advanced strategies, and has different membership levels to cater to a range of investors from beginners to advanced traders. Additionally, 60% of the program’s content is available for free, and exclusively for our readers, take advantage of a $7 trial membership – then 20% off forever!