Professional Options Trader Course

Course Type: On Location / Online

Duration: 5 days, Days are approximately 6.5 hours / 10, 3 hr. sessions online

Overview

Most people who trade Options think they can profit by ignoring price direction; this is why
most Options traders are unsuccessful and lose money. The OTA Professional Options
Trader Course incorporates a simple step-by-step trading/investment rule-based strategy with
Options, giving you a powerful edge needed for success. Market Timing is the ability to
identify key market turning points and strong market moves in advance with a very high
degree of accuracy. Combining proper market timing with key Options tools and strategies
taught in this course gives the Options trader the best chance at success, offering very low
risk, high reward, and high probability trading opportunities. The Professional Options Trader
Course delivers this strategic edge by combining powerful step-by-step skill building lessons,
hands on live market strategy sessions, and key interactive lab exercises during this five day
course. What you will learn in this class you will not find anywhere else or read it in any
industry trading books.

Why trade the Options markets?

• Long term / Short term Strategies – Options offer unique directional debit and credit
strategies that allow you to take advantage of long and short-term market moves.

• Leveraged Reward on Limited Risk – Options offer the ability to customize

strategies, offering leveraged reward with limited risk

• Portfolio Protection – Options offer this much needed benefit which is a critical part
of your financial future.

• Time – Options trading is not time intensive.

• Income Generation – Certain simple Options strategies offer consistent low risk
income generation opportunities.

• OTA Core Strategy – Knowing price direction (market timing) is the single greatest
edge for the Options trader as your competition doesn't know how to do this properly.

Audience

This course is designed for students of all experience levels who are serious about trading
like a professional Options trader.
Prerequisites

Core Strategy, Online Student Orientation, Option pre-essential videos and the Platform
Orientation are recommended pre-requisites for this course. No trading experience is
required.

Format

• Each day’s agenda contains powerful step-by-step interactive lectures led by a

professional trader combined with multiple real-time lab trading and analysis
sessions focusing on market analysis and trade execution.

• Maximum 25 person capacity providing individual attention from your instructor.

• Each student is provided a classroom computer where they learn in a hands-on

environment.

• Students are provided trading workstations with real time data so they can practice
strategy execution while under the guidance of a seasoned trader/instructor.

Course Objective

To clearly understand and properly execute OTA’s rule-based Core Strategy in order to attain
short term income and long term wealth.

Detailed Course Outline

PRE-CLASS ESSENTIALS

An introduction to basic Option Terminology and a review of the six-step Core Strategy
Blueprint.

DAY 1

• Options Foundation
Understanding the proper Options terminology and step-by-step methodology for
identifying high probability, high reward, low risk Options trades

• Why We Trade Options

Understand the benefits and fundamentals of risk and reward trading options. Who
uses options and why and how we can start positioning ourselves with the
professionals in all of our portfolios.
 • Options Terminology
You'll learn the language of options and options trading techniques using a state-of-
the-art platform and live streaming data. You'll build on the fundamentals before
constructing several rule-based strategies for bullish, bearish and neutral markets. We
show you how to choose the best options strategy for the direction the market is taking
- giving you a true edge in options trading.

• Options Trade Blueprint

We don't want you to skip a beat, or a step. Dive into the markets from the top, down
where we'll give you the proper steps to take when getting started in the options
markets. Having a “blue print” for a simple rule based plan ensures the consistency
you need when selecting your trades. This will also give us the information we need to
analyze your successes and your failures, which is a necessary part of your business.

• Core Strategy Review: Supply and Demand

Supply and Demand is the foundation of all asset trades

• Step 1: Core Strategy 1 - Finding Quality Supply and Demand Zones

Learn the first three steps of Core Strategy (Set Curve, Identify Zones, and Check
Trend)

• Step 2: Core Strategy 2 - Score and S.E.T. Trades

Learn steps 4 and 5 of Core Strategy (Score Trade and place Stop, Entry and Target
on chart)

• Volatility
Options Trading is about having choices. There are many different strategies to
choose from, but knowing which one is the right one to choose, takes knowing whether
an option is overpriced, underpriced or fairly valued. We must know how to evaluate
whether the markets are in a state of Calm or Panic and we do this through the use of
our proprietary volatility tool for Options. Being on the wrong side of a volatility move
can be devastating. Here we teach you how to time your entry into the market using
proper volatility analysis, which determines the right Options strategy for the current
market conditions.

• Learn about Odds Enhancers

DAY 2

• The Greeks
Getting into any option position is simple. Understanding why options prices fluctuate
as they do, takes understanding the options Greeks. Here we teach you how and why
the options react to ever changing market conditions and how to use the options
Greeks to construct the right position for the any market condition. The key to any
options trade is to be able to predict the future value of the options. You’ll now be able
to make that prediction and understand how an option is expected to change in value
due to time, changes in volatility and direction of the underlying.
 • Step 3: Strategy Selection
Learn how to use volatility to help you select the appropriate options strategy to trade

• Step 4: Strike Selection

Understand where to place your Options strike price(s) using Supply and Demand

• Analysis Techniques
Understand the proper use of analysis techniques that most Market Speculators use
the wrong way

• Step 5: Strategy Confirmation

Learn how to use Optionstation Pro® to confirm the rules of each option strategy

• Step 6: Risk-Reward (Profit/Loss Graph)

It's imperative that we understand the potential risk and reward of any trade before
entering. An options position graph is a visual representation of just that.
Understanding options position graphs, position analyzers and how to use them will
give us a deeper understanding of our risk and reward. You will also learn how to
assess the likely profitability and probability of the trade and identify any unusual
characteristics of an options trade using position graphs before you ever enter the
trade.

• Step 7: Position Size

Learn how to set option trade position sizes based upon your own risk trading rules

DAY 3

• Step 8: Placing Orders

How to execute your trade plan and place your order using bracket orders

• Review the Options Trading Blueprint

It's imperative that you understand how to not only set up trades for profit, but equally
important learn how to manage and review your trades for confidence and consistency.

• Directional vs. Non Directional

How to utilize directional option strategies when the markets are trading up or down

• Directional Single Leg Debit Option Strategies:

Understand how to build and time Single-Leg Debit Options Trades for profit

• Long Call Strategy

How to buy a single leg option when the market is bullish

• Long Put Strategy

How to buy a single leg option when the market is bearish

• Multi-Leg Strategies
How to utilize Multi-leg Options Strategies for protection
 • Directional Debit Multi-Leg Option Strategies:
Understand how to build and time Multi-Leg Debit Options Trades for profit

• Vertical Bull Call Spread Strategy

How to buy a Vertical Multi- leg option when the market is bullish

DAY 4

• Vertical Bear Put Spread Strategy

Buying a Vertical Multi-leg option when the market is bearish

• Directional Credit Multi-Leg Options Spreads

Understanding how to build and time Multi-Leg Options Credit Trades for income

• Vertical Bear Call Spread Strategy

Selling Vertical Multi-leg option spreads for income when the market is bearish

• Vertical Bull Put Spread Strategy

Selling a Vertical Multi-leg option spreads for income when the market is bullish

• Preparing to Trade
Utilizing various OTA resources to help you identify Options trading opportunities

• Options Trading Levels

Realizing brokers’ interests vs. your interests

DAY 5

• Prepare to Trade
Utilizing various OTA resources to help you identify Options trading opportunities

• Put it all together with Live Trading Labs

Setting up Options positions using the 8-step Options blueprint, as though you are on
your own

• Test your Options knowledge and skills

Taking the Professional Options Course Final Exam