Top Gun Options Webinar 2010 All Levels

Top Gun Options Webinar 2010 All Levels

Top Gun Options 2010 Training Webinars Complete – All Levels, Primary, Intermediate & Advanced Classes + Introduction to options – Outstanding education stuff!

In this high-energy in brief you’ll learn who Options What university is, and how we transferred the processes and methods that we used during combat situations to options trading at Wall Street. Trading is a form or combat. You’ll learn how our unique, proprietary training system can take someone who has no idea what an option is, and in a short amount of time turn them into a proficient trader.

1 – What is an Option?

Check out how we approach a ‘building block approach’ to teach the art and science of options trading, starting with the most basic concept – the option itself. You’ll learn about the benefits of trading options, including leverage and limited risk, and the benefits of options over stocks.

2 – Option Contracts

Options We will examine how options contracts are traded on a market, as well as the role of OCC. You’ll learn the two types of options contracts: call and puts. We will explain the characteristics of options, including expiration, strike price, premium, and expiration. We also cover the rights and obligations associated with options.

3 – Long Calls

Learn the most basic bullish tactic and how it works for the buyer (holder), and how you must begin your options trading with a determination of your strategic mindset – bullish, bearish, volatile or neutral. How to read the profit-loss diagram. This includes max risk, maximum loss and breakeven. A simple example of this bullish tactic is shown using Freeport McMoran FCX and the 3 possible outcomes.

4 – Short Calls

We will look at the opposite side of long calls, the bearish-neutral tactic known as short call. Consider the short call from the standpoint of the seller (the author) and the obligations of being. ‘short’. We review the profit-loss diagram and risk of assignment for short calls and then we look at the most basic strategy for short calls, the covered call. We look at the FCX trade’s other side.

5 – Long Puts

We turn inverted to explore the basic bearish tactic of the long-put and how it can be used to make money when stocks fall. We look at the profit-loss diagram for the long put and determine the max profit, maximum loss, and breakeven. Our bearish example is FCX. We will show you how only 3 things could happen to stock, and how we can profit from the long put.

6 – Short Puts

The short put, which is neutral to bullish, is the other side of a long put. We examine what is. ‘naked’ meaning and how it can potentially be dangerous to the seller (writer). It is possible to be on the opposite side as the buyer ‘short’ Assignment risk is inherent in these options. We look at a huge benefit to selling a put – the ability to buy a stock you like at a discount.

7 – Options Indoc Outbrief

In this high energy out brief you’ll learn that Top Gun Options This is not the right choice for everyone. Investors who sign up for the proprietary Top Gun Options A select group of people are willing to work hard and give their time to achieve the program. Top Gun Options This program is unlike any other. Our skill-based education combined with practical applications makes it a unique one. If you trade options now, we’ll make you better. Discipline. Risk Management. Superior Execution Top Gun Options.

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Tue, August 3, 2010 Primary Education, 8PM ET

Option chains are a great way to understand the price information. This data is consistent between brokers and internet vendors. The option chain columns include stock, month and bid/ask as well as volume. For determining which strike to buy or sale, a discussion of moneyness can be used. It is broken down in the cash, at the time, and out the money. This is the relationship between strike price and current price of the asset. Calculations are made to determine the intrinsic value or real value and the time value concept is examined. Calculations for OTM, ATM, and ITM demonstrate the importance of increasing probability.
Tue, 8/10/2010 2010 Primary Education, 8PM ET

A trade plan is a discipline tool. These components are designed to be objective and provide a method for executing every trade. Our expectations are used to illustrate Google. To build and execute a trading plan, a directional long-call tactic is used. Goldman Sachs’ technical evaluation is done. The expected volatility is calculated to determine strike durations and months. Variable scenarios are evaluated to monitor strikes and greeks reactions in different scenarios.

This session covered the How and Why of pricing options and the factors that impact them. The six factors that determine the price of an item are explained in a brief history of pricing models. For each input change in pricing variables, the OTM, ATM and ITM comparisons are made. These factors are discussed in greater detail in the Option “greeks” You can also use sensitivity measures. This information can be used to predict how prices will react to market conditions when buying or selling options. Historical volatility is an example of how volatility can be used as a critical input. The bell curve illustration illustrates this. Implied volatility is used to determine whether an option is too expensive or too cheap in order to choose the right trading strategy. This class ends with an introduction of the VIX, and how to calculate expected volatility.
Wed, August 11 2010 Primary Education, 8 PM EDT

Put tactics are discussed. Long put basics are reviewed. This includes OTM, ITM and ATM strikes. The stock technicals, expected volatility, greeks and other factors are used to assess an IBM option. This information is used for comparing strike payoffs as well as premium action from changes in stock prices and time. The trade management program examines how we can control risk and adjust for position changes. Stock positions are protected by the protective put analogy. This tactic is covered by a strike comparison. Sandisk shows an example of a substantial stock profit. It compares different levels and the cost of protection. Tax implications for married puts are something you need to be aware.
Mon, August 16 2010 Expiration Week Special

You can view the recast of the special expiration week webinar by clicking on this link:

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Tue, August 17 2010 Primary Education (Final Grade)

The second primary class consists of two tactics. These are selling techniques that generate income for your portfolio. With an example trade and a trading strategy, the cash secured naked puts is broken down. Starbucks can be used to bring up topics such as support, fundamentals, break even costs basis calculations and choosing strike prices. Covered calls are the final tactic. This tactic is used to increase stockholders’ revenue. The discussion covers profit and loss and risk control, as well as how to sell APPLE stock. The trade plan for Bristol Meyers Squibb’s covered call is designed to improve performance on long shares.
Wed, August 18 2010 Intermediate Education (First-Class)

Synthetic Long Stock
By trading long calls and short puts in combination we can create a position that acts just like a long stock position – with all of the risks and rewards. The only difference is that you don’t receive a dividend. Synthetic stock is often cheaper than stock purchased on margin.

Synthetic Short Stock
This is synthetic long stock in reverse, with all of the risk and rewards that come with real short stock positions. Both synthetic short and long stock trades can be used independently or as adjustments for existing positions.
Mon, 23 August 2010 TradeMONSTER Platform Short

You can view a recording of the TradeMONSTER Platform brief by clicking the link below.

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Register for TradeMONSTER paper trading accounts if you don’t already have one. Please allow time to register before class. TradeMONSTER will be used by the instructors for much of the instruction. Top Gun Options You will also benefit from having an account with them.

Tue, August 24 2010 Intermediate Education

For short calls
We look at the other side to the long call, which is a neutral or bearish tactic called the short call. Consider the seller (writer) as the buyer and what the obligations are. ‘short’. We will examine the profit and loss diagram for the short call and the risk of assigning, as well as the basic covered call strategy.

Short puts
The short put, which can be neutral or bullish, is the other side to the long put. We examine what is. ‘naked’ What it means and how it could be dangerous for the seller (writer). It is possible to be on the opposite side as the buyer ‘short’ Assignment risk is inherent in these options. We look at a huge benefit to selling a put – the ability to buy a stock you like at a discount.

Wed, August 25 2010 Intermediate Education

Spread Bull Call
We will look at another bullish tactic, which combines a long-term call and a shorter call within the same month. Call spreads are a low-risk, high-reward strategy that offers limited reward. They also offer protection against volatility drops. By moving the spread in the money, call spreads can be traded to make higher probability trades.

Bear Call Spread
This is the Bull Call Spread’s opposite. It can be used to trade if you believe a stock is falling. It is also a risk-reward trade that has a lower probability of success. The strikes can be placed out of the money to create a higher probability trade.
Tue, August 31 2010 Intermediate Education

Bear Put Spread
This tactic is used for bearish trades. Spreads are created by a long and a short put, both with the same expiration month. Like call spreads, put spreads have a limited risk and reward. The spread provides protection against volatility drop.

Bull Put Spread
This is exactly the opposite strategy to the Bear Put Spread. It is created by selling one put short, and buying a longer put, both with the same expiration. Also, bull put spreads have a low risk and limited return. This tactic is an alternative to selling naked put.

Wed, September 01st 2010 Intermediate Education

Calendar Spreads
This neutral tactic works for stocks that are expected to remain within a trading range. This trade is made from time decay. Call Calendar Spreads are created when you buy a longer term call, and then sell a shorter term call at the same strike rate. Similar to call calendars, put calendars can also be created in the same manner. Both tactics have limited risk and reward.

Tue, September 21 2010 Collar Spreads Class

This class is an additional one on collars. Click the link to view the recording.

Wed, October 27, 2010 First Advanced Class

The first advanced options class covered volatility, straddles or strangles. The class started with an explanation of how volatility affects both your risk and your choices of tactics. We examined and compared volatility using ATR and BETA, offering a three-pronged approach to understanding volatility in its various forms. It is important to understand both the stock’s movements and the implied volatility of the options when using a neutral approach.

We then looked at the most simple volatility strategies, the strangle and long straddle. We discussed the risks and rewards of each, as well as the effects on time, volatility and stock price changes. Strangles and short straddles are a way of expressing negative views about stock volatility and neutrality. These will be covered in the next session. We also discussed safer alternatives to naked selling, which we will go into detail in session 2. We ended the class with examples from real life of the two strategies.

Wed, November 3rd 2010 Second Advanced Class

This week’s session was all about straddles and strangles. Strangles and straddles can be used in the marketplace to express neutral sentiments. We spent a lot time quantifying exactly what it was. ‘neutral’ Straddles and strangles are used to express range bound sentiments or volatile moves in one direction. The Greeks, namely Vega and Theta are extremely important when it comes to straddles and strangles, as they both can have dramatic effects on your P&L. Gamma and Delta play an important role in deciding where to place your strikes. They also determine how your risk and position will change with changes of the underlying stock prices.

Straddles can also be used to measure the option market’s expected move over earnings. Next Week, learn butterflies and reduce your risk.

Wed, November 10, 2010 Third Advanced Class

Wednesday’s advanced educational session was a detailed discussion on butterflies, in all of their forms. Both calls and puts are used to make the long, short, iron and iron. While you were trading, we reviewed the risk/reward attributes of each strategy and discussed the Greeks, behavior, and other details.

The main focus was on Short Irons and Long Regular Butterflies. We also looked at several real-life trade examples. Before entering, it is important to understand the risk/reward ratio and breakeven levels.

We created our trade checklist using live examples. It included everything from creating our strategic mindset to exiting trades.

Next week, we will be looking into how to convert those trades in broken wing butterflies or ratios.

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Wed, November 17, 2010 Fourth Advanced Class

The fourth Advanced class will cover broken wing butterflies. We will discuss the changing risk profile as well as some tips and tricks on how to select the right stocks to use call or put broken wing butterflies. We go in-depth on the Greeks and show you real trade examples.

Mon, 22 November 2010 Fifth Advanced Class

We learn two critical strategies in the fifth Advanced class: condors as well as iron condors. We begin by looking at butterflies. Then we compare condors with iron condors. These new tactics can change your risk profile. Both call and put condors/iron Condors are covered and when they can be used. We go in-depth on the Greeks and show you real-world trade examples.

Wed, December 1, 2010 Sixth and Final Advanced Classes

The final Advanced class began by looking at vertical spreads and the ways they can be morphed into a tactic known as a diagonal. We will discuss how to use direction and time decay to transform into credit verticals. We also discuss how a diagonal can substitute for a covered call. We go over the various criteria that we use, including risk versus reward.