Recent Testimonials

"I just wanted to thank you for the seminar you gave in San Bruno. I was impressed with your interest and response to the Vega risk and how you reduced it. This obviously reflects a deep understanding of the issue." --Stan Shellum San Jose, California "I really enjoyed your Montreal seminar and have greatly benefited from your trading tactics." --Sylvain Leboeuf Hawkesbury, Ontario "I enjoyed your Salt Lake City seminar and found the refresher much needed. Your presentation was excellent and I loved the case studies--best case, worst case, averages--which I found very compelling. Best regards." --Mike Smith Salt Lake City, Utah "I just wanted to thank you again for putting on your Washington DC seminar. It was extremely educational." --Ryan Mariner Washington, DC "What a great seminar! I am generally impatient in this type of venue, but found your presentation very compelling. Many thanks." --George Berbeco Boston, Massachusetts "Your material was presented methodically and progressed logically. This permitted all the students to grasp the content without missing a step. I want to take this opportunity to thank you for coming to Toronto and facilitating your options course. A job well done" --Murray Kaufman Toronto, Canada "Your work is very thoughtful, systematic and presented in a very structured methodical manner. The seminar answered several questions that I had been working through and solidified my thinking in a number of areas. It was very valuable and a money maker! Thanks!" --Marc Call Salt Lake City, Utah Seminar Price Includes book by OptionsNerd.com's founder, John Summa!     See John's Options Bookshelf

"I just wanted to thank you for the seminar you gave in San Bruno. I was impressed with your interest and response to the Vega risk and how you reduced it. This obviously reflects a deep understanding of the issue." --Stan Shellum San Jose, California "I really enjoyed your Montreal seminar and have greatly benefited from your trading tactics." --Sylvain Leboeuf Hawkesbury, Ontario "I enjoyed your Salt Lake City seminar and found the refresher much needed. Your presentation was excellent and I loved the case studies--best case, worst case, averages--which I found very compelling. Best regards." --Mike Smith Salt Lake City, Utah "I just wanted to thank you again for putting on your Washington DC seminar. It was extremely educational." --Ryan Mariner Washington, DC "What a great seminar! I am generally impatient in this type of venue, but found your presentation very compelling. Many thanks." --George Berbeco Boston, Massachusetts "Your material was presented methodically and progressed logically. This permitted all the students to grasp the content without missing a step. I want to take this opportunity to thank you for coming to Toronto and facilitating your options course. A job well done" --Murray Kaufman Toronto, Canada "Your work is very thoughtful, systematic and presented in a very structured methodical manner. The seminar answered several questions that I had been working through and solidified my thinking in a number of areas. It was very valuable and a money maker! Thanks!" --Marc Call Salt Lake City, Utah Seminar Price Includes book by OptionsNerd.com's founder, John Summa!     See John's Options Bookshelf

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The Master Strategist Options Course Content

Module 1: Essential Characteristics of Options & the Underlying Back Stocks as the Underlying The Futures Contract as the Underlying Cash Index as the Underlying Special Characteristics of the Underlying Stocks/Cash Index vs. Futures as Underlying Advantages/Disadvantages of Equity Index Futures Focus: S&P 500 Futures Contract Specifications Daily Settlement Prices Nearby (front-month ) Futures Futures Expiration Dates Futures vs Cash Product Specifications Front- and Back-Month Futures Front-Month Equity Futures Back-Month Equity Futures Expiration Dates S&P 500, Dow, Russell and Nasdaq Equity Index Futures (Asia seminars include strategy discussion of SPI 200 & NK 225) Index Futures Options Contract Specs Cash & Futures Index Options Premium Values Stock, Index & Futures & Options Multipliers Minimum Tick & Strike Sizes Options Trading Hours: Pit/Electronic Serial and Non-Serial Options Option Strikes Chains Options Price Matrix Back

The Master Strategist Options Course Content

Module 2: Basic Options Strategy Dynamics--P&Ls, Risk, and "Greeks" Analysis Back Long Calls & Puts Short Calls & Puts The 'Greeks': Delta, Vega and Theta Price Movement Exposure Long vs. Short Volatility Volatility Exposure Time Value Decay Exposure Positive vs. Negative Theta Neutral, Positive and Negative Delta Negative Delta Positive Delta Neutral Delta Naked Option Positions S&P 500 Naked Call S&P 500 Naked Put Vertical Options Spreads Concepts Vertical Credit Spreads Bear Call Spread Bull Put Spread Vertical Debit Spreads Bull Call Spread Bear Put Spread Vertical Bear Call Spread Vertical Bull Call Spread Vertical Bear Put Spread Vertical Bull Put Spread Horizontal Time Spreads Position Structure Debit Spread Prices Risk Dimensions Reverse Horizontal Time Spreads |Position Structure Credit Spread Prices Risk Dimensions Bullish Time Spreads Bearish Time Spreads Diagonal Call Time Credit Spreads Diagonal Put Time Credit Spreads: Structure Diagonal Put Time Credit Spreads: Risk Diagonal Put Time Credit Spread Vertical vs. Diagonal Credit Spread Comparison of Put Option Premium Credits Vertical vs. Diagonal Credit Spreads Differential Rate of Time Value Decay Back

The Master Strategist Options Course Content

Module 3: Advanced Spreads & Combination Options Trades--P&Ls, Risk, and Position "Greeks" Analysis Back Combination Trades: Strangles Short Strangle vs. Long Strangle Combination Trades: Straddles Short Vs Long Straddle Covered Combination Spread Trades: Strangles Covered Vertical vs. Diagonal Short & Long Strangles Covered Combination Spread Trades: Straddle Covered Vertical vs. Diagonal Short & Long Straddles Combo Diagonal Spreads (Calendars): Position Structures Combo Diagonals Spreads: Theta Risk Dimensions Combo Diagonals Spreads: Vega Risk Dimensions Combo Diagonals Spreads: Delta Risk Dimensions Back

The Master Strategist Options Course Content

Module 4: Setting Up & Managing High Probability Options Trades Back Choosing Months Selecting Strikes Getting Filled Adjustment Rules Closing the Position Money Management Short Options Selection Long Option Selection Use Vertical or Viagonal Long Strikes Defense Lines Determination Follow-Up Action & Adjustment Rules Setting Up Lines of Defense Buying back short options Rolling Short & Long Options Writing New Options Positions Using Simple Price Points Calculating Adjustments Points General Adjustment Rules Rules for Adjusting Short Options Adjustment Plans/Techniques Mathematical Adjustment Plans Position Delta/Gamma Monitoring Position Theta Tracking Tips for Closing Positions Using Limit Orders to Close Positions Legging In/Out of Positions: Pros and Cons Letting Positions Go Off the Books How to Get Filled, Not Killed Types of Orders for Options Trades Market Orders: Pros and Cons Stop Loss Orders Management Entries to Avoid Money Management Position Sizing Margin Management T-Bills As Margin Tax Implications Back

The Master Strategist Options Course Content

Module 5: Real Trades Analysis--Detailed Case Studies Back Examines in Detail Multiple Case Studies of Real Trades Under Maximum, Moderate & Minimal Stress Conditions. Provides Concrete Feel for Trading High Probability Trading Setups With An Emphasis on Strategic Options Spreads Selling & And Tactical Options Buying. Ratio Credit Spreads Included. Back

The Master Strategist Options Course Content

Module 6: Top Trading Tactics for Options Traders Back Provides Professional Insider Tips and Tactics on How to Read Price Charts to Optimize Entry, Exit and Adjustment Points for High Probability Options Trading Setups. No Software is Required. Uses Price Patterns Tthat Are Simple to Identify and Are Highly Reliable. Back

The Complete Options Strategist Course Content

Module 1: Basic Options Characteristics-- Specs, Terminology, Pricing, & Mechanics Back Options Mechanics Explained Definition of Key Terms & Principles Symbols, Underlying & Prices Excercise & Expiration Issues What to Know About Theory & Models Why Options Are Confusing At First How to Understand Options Fast Why Books Don't Help That Much Tips About Brokers & Software Back

**This course is a for beginner to intermeidate level traders who want to establish a solid foundation for advanced level trading strategies and tactics.

The Complete Options Strategist Course Content

Module 2: Simple Call & Put Strategies For Any Market Condition Back Call Buying Strategies Calls As Stock Surrogates Call Selling Strategies Naked Call Selling Covered Call Writing Put Buying Strategies Puts As Stock Surrogates Put Selling Strategies Naked Put Selling Covered Put Writing What Works Best Back

The Complete Options Strategist Course Content

Module 3: Vertical Bull/Bear Spreads--P&Ls, Risk, Selection Criteria & Repair Strategies for Simple & Combination Setups Back Bullish Call Spreads Bearish Call Spreads Bullish Put Spreads Bearish Put Spreads Selection Criteria Risk Parameters Follow-Up Action Repair Strategies Long & Short Combinations Strangles & Straddles Iron Condors Position Greeks and Spread Risks What Works Best Back

The Complete Options Strategist Course Content

Module 4: Ratio & Time Spreads--P&Ls, Risk, Selection Criteria & Repair Strategies for Simple & Combination Setups Back Put Backspreads Call & Put Ratio Credit Spreads Horizontal Calendar Spreads Butterfly Spreads Diagonal Spreads Reverse Time Spreads Combination Ratio Spreads Combinatioin Time Spreads Selection Criteria Adjustment Actions Repair Strategies What Works Best Back

The Complete Options Strategist Course Content

Module 5: Traditional & Alternative Covered Call Writing Strategies--LEAPS, Margin & P&Ls Back Covered Calls Covered Puts In The Money Writes Out of The Money Writes Using LEAPS Surrogates Covered LEAPS Writes Calculation of Returns Margined Returns Equivalent Positions Adjustment & Follow-up Actions Back

The Complete Options Strategist Course Content

Module 6: Volatility & Other Risk Factors--Getting a Handle On The "Greeks" Before They Get a Grip of You Back Defining Volatility Implied Volatility Statistical Volatility Volatility (Vega) Risk Trading Volatility Hedging Volatility Delta & Position Delta Theta & Position Theta Gamma & Delta Relationship Theta & Delta Relationship Theta & Vega Relationship Practical Considerations Back