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OPTION CLASS 4 - Advanced Option Strategies

Now that you have mastered the basic option strategies, it is time to learn about the advanced strategies. The advanced strategies differ from the basic strategies in the fact that advanced strategies feature options teamed with other options as opposed to options teamed with stock. In this class, see how vertical spreads, calendar spreads, straddles, strangles, butterflies and condors and collars offer you large profit potential in a hedged position with lower entry dollar costs. Each strategy will be defined and explained in detail. The maximum profits, maximum loss, risks and rewards of each strategy will be explored with examples showing how the strategy will perform under a variety of changing variables. Finally, the “when to use” and all important “how to close” procedures will be discussed.

• Calendar / Time Spread
• Jellyroll
• Straddle
• Synthetic Straddle
• Strangle
• Butterfly
• Iron Butterfly
• Condor
• Iron Condor
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