Level Up Your Trading

Intermediate Options Trading Course

Go beyond single-leg trades. Learn spreads, iron condors, and how to manage positions.

Course lessons

20 lessons · free forever

01 Why Spreads? Introduction to Multi-Leg Trades Why traders use spreads and how they limit risk and cost.
02 Bull Call Spread Buy a call, sell a higher call: a defined-risk bullish trade.
03 Bear Put Spread Buy a put, sell a lower put: a defined-risk bearish trade.
04 Bull Put Spread (Credit Spread) Sell a put, buy a lower put: collect credit if the stock stays up.
05 Bear Call Spread (Credit Spread) Sell a call, buy a higher call: collect credit if the stock stays down.
06 Debit Spreads vs Credit Spreads When to pay for a spread vs when to collect premium.
07 Iron Condor: Setup and Mechanics Sell both sides of the market with a defined-risk neutral strategy.
08 Iron Butterfly: Setup and Mechanics A tighter version of the iron condor with higher premium.
09 Calendar Spreads Trade time decay across different expiration dates.
10 Diagonal Spreads Combine different strikes and expirations in one spread.
11 Straddles and Strangles Profit from big moves in either direction.
12 How to Pick Strike Prices A framework for choosing the right strikes for any strategy.
13 How to Choose Expiration Dates The trade-offs between short-term and long-term options.
14 Managing Winning Trades When to take profits and why 50% is often the right target.
15 Managing Losing Trades When to cut losses and when to hold through drawdowns.
16 Rolling Options: How and When Extending trades by rolling to new strikes or expirations.
17 Trade Adjustments How to adjust positions when the market moves against you.
18 Earnings Trades: What to Know How to trade options around earnings announcements.
19 IV Rank and IV Percentile How to measure whether implied volatility is high or low.
20 Building a Trade Plan How to create rules for entries, exits, and position sizing.

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