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Options Crash Course: The Basics hero image
Dr. Jim Schultz

Options Crash Course: The Basics

Dr. Jim Schultz hits all the basic concepts, topics, and strategies that surround the world of options trading. If you're looking to get into derivatives, don't miss this crash course!

Plus, check out the next Crash Course on Strategy Management!


Dr. Jim Schultz
Options Crash Course: Ep #1 - The Source of All Strategies
Options Crash Course: The Basics
Options Crash Course: Ep #1 - The Source of All Strategies
Sep 8, 2020
tastylive’s Option Crash Course kicks off with option contract fundamentals, marker maker facilitation, and the...
Options Crash Course: Ep #2 - Deconstructing Option Prices
Options Crash Course: The Basics
Options Crash Course: Ep #2 - Deconstructing Option Prices
Sep 10, 2020
Ep #2 of tastylive's Options Crash Course, we learn option prices break down into intrinsic and extrinsic value...
Options Crash Course: Ep #3 - Extrinsic Value Extras
Options Crash Course: The Basics
Options Crash Course: Ep #3 - Extrinsic Value Extras
Sep 10, 2020
At tastylive, Extrinsic Value alone is arguably the most important concept across all of our strategies, and it...
Options Crash Course: Ep #4 - Profit, Direction, and Probability
Options Crash Course: The Basics
Options Crash Course: Ep #4 - Profit, Direction, and Probability
Sep 11, 2020
Delta is arguably the most flexible Greek, measuring option price movement, directional risk, and probability, all at th...
Options Crash Course: Ep #5 - The Natural Decay of Options
Options Crash Course: The Basics
Options Crash Course: Ep #5 - The Natural Decay of Options
Sep 14, 2020
As premium sellers who focus on out-of-the-money options, we can position our portfolios to take advantage of the natura...
Options Crash Course: The Basics
Options Crash Course: Ep #6 - Trading Changes in Implied Volatility
Sep 15, 2020
The tendency for volatility to both contract and mean revert affords us some very distinct opportunities as premium sell...
Options Crash Course: The Basics
Options Crash Course: Ep #7 - Gamma: Sign, Magnitude, and Risk
Sep 17, 2020
While the sign of gamma is critically important for us to understand our positions, the actual magnitude of gamma is far...
Options Crash Course: The Basics
Options Crash Course: Ep #8 - Contracts, Decay, and IV Overstatement
Sep 17, 2020
Today in tastylive’s Options Crash Course, we wanted to take the opportunity to dive deeper into option contrac...
Options Crash Course: The Basics
Options Crash Course: Ep #9 - Defined-Risk Strategies: Part One
Sep 18, 2020
To kick off our understanding of defined-risk option strategies, we dive into Vertical Spreads and Iron Condors.
Options Crash Course: The Basics
Options Crash Course: Ep #10 - Defined-Risk Strategies: Part Two
Sep 21, 2020
After seeing how Vertical Spreads and Iron Condors establish their directional bias, we now want to better understand th...
Options Crash Course: The Basics
Options Crash Course: Ep #11 - Undefined-Risk Strategies: Part One
Sep 22, 2020
In this episode of tastylive’s Options Crash Course, we dive into the pure Greek exposure and higher POPs that ...
Options Crash Course: The Basics
Options Crash Course: Ep #12 - Undefined-Risk Strategies: Part Two
Sep 23, 2020
There is a huge difference between undefined-risk strategies and defined-risk strategies with POPs and Rolls.
Options Crash Course: The Basics
Options Crash Course: Ep #13 - Managing Winners, Losers, and Rolling
Sep 24, 2020
Our default target on most short premium positions is 50% of max profit, and taking off losing positions at 2x to 3x of ...
Options Crash Course: The Basics
Options Crash Course: Ep #14 - Directional Bias at the Portfolio Level
Sep 25, 2020
At the portfolio level, a case can be made for bullish deltas, bearish deltas, or neutral deltas, so we explore tasty
Options Crash Course: The Basics
Options Crash Course: Ep #15 - Positive Theta at the Portfolio Level
Sep 28, 2020
Once we remember that theta is never the only thing driving the profitability of our positions at tastylive, we...
Options Crash Course: The Basics
Options Crash Course: Ep #16 - Putting It All Together: Trade Entry & Exit
Sep 29, 2020
In tastylive’s Options Crash Course today, we lay out a step-by-step process for using all of the tools we’ve l...
Options Crash Course: The Basics
Options Crash Course: Ep #17 - Putting it all Together: Trade Management
Oct 1, 2020
In the final episode of tastylive’s Options Crash Course, we give a detailed overview of adjusting defined-risk...

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tastytrade has entered into a Marketing Agreement with tastylive (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade. tastytrade and Marketing Agent are separate entities with their own products and services. tastylive is the parent company of tastytrade.

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    If you want to trade like tastynation, you have to learn how to talk like tastynation.  Sit down with Tom and Tony as they dish out and discuss popular trading topics that give you an edge when opening, closing and managing your trades.

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    Learn
    New to trading options? Start with Beginner Options.

    What are options anyway? Take our FREE beginner options course to learn the crucial concepts, strategies, and mechanics that make us successful traders. You'll get the basics on ideal market parameters when picking a trading strategy & what to look for when managing multiple trades.

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    An "Iron Condor" is a directionally neutral, defined risk strategy that profits from a stock trading in a range through the expiration of the options.

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