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WDIS: Options 101 hero image

WDIS: Options 101

Dr. Jim returns to his academic roots to teach Brittany how to trade options! Download the syllabus and follow along as Brit tries to navigate her first semester, starting at the basics of stock and finishing with essential options trading strategies!

Brittany's Story
Jan 4, 2017
Brittany & Jim are taking it back to square one! With the new year we have a new trader ready to take on options. Download their syllabus and follow along!
What are Stocks?
Jan 5, 2017
Dr. Jim lays the foundation for Brittany by asking...what are stocks? Brittany bounces back with important questions to solidify her understanding
The "Lost Decade"
Jan 6, 2017
Dr. Jim takes Brittany back to her younger years to provide her a brief history on stocks and begin the transition into options.
Platform "Drive-By"
Jan 7, 2017
Today, Dr. Jim becomes the "back seat driver" as Brittany "takes the wheel" navigating the tastyworks platform.
Let the Games Begin!
Jan 10, 2017
With all the frills aside, it is time to let the learning begin. Dr. Jim starts from square one to facilitate Brittany's understanding of options basics.
Calls & Puts (continued)
Jan 11, 2017
Dr. Jim and Brittany continue the discussion around the basics of calls vs. puts, setting up for Brittany's first trade coming tomorrow!
Brittany's First Trade
Jan 12, 2017
Today's the day! Brittany places her first trade! Dr. Jim does not let her get off easy & provides her w/ homework to explain the "why".
Option Pricing Fundamentals
Jan 13, 2017
Dr. Jim explains to Brittany the components of an options price, which include intrinsic value and extrinsic value. These values depended heavily upon the "moneyness" of the option. What exactly does that mean? Brush up on the basics with this WDIS duo.
Quiz #1
Jan 14, 2017
Brittany takes the floor to go over her notes from week #2, and takes her first quiz, which was made to be interactive with our twitter tastynation!
Nobody Knows Anything
Jan 18, 2017
Dr. Jim opens the show with a very important statement to Brittany: nobody knows anything. Dr. Jim touches on what we do know quantitative, properties like probabilities.
Show & Tell
Jan 19, 2017
Brittany places her 2nd trade, a vertical call spread, and takes a walk down statistics memory lane.
Winner, Winner, Chicken Dinner
Jan 20, 2017
Dr. Jim starts off the show by handing Brittany the "mic" to explain what they did with her short vertical call spread in CMG. Brittany begins to learn that prices in the market tend to obey the properties of the normal distribution.
Quiz #2
Jan 21, 2017
Brittany ends the week by taking her second quiz, which was an interactive quiz with our twitter tastynation.
Get her to the GREEKS
Jan 24, 2017
Today, Dr. Jim takes Brittany back down memory lane (again) to her Greek days to prepare her for first first introduction of Greeks, as they relate to the options pricing model.
Delta Wears Multiple Hats
Jan 25, 2017
Dr. Jim and Brittany discuss how delta measures your directional risk, and that delta is a non static value.
Brittany Starts to Spread Her Wings
Jan 26, 2017
Brittany tested her knowledge and places her first trade with minimal help from Dr. Jim. Guys watch out, she is spreading her wings!
Another Delta?!?!?
Jan 27, 2017
Today Brittany learns delta's last meaning - delta as an ITM probability approximation.
"The Legend of Delta"
Jan 28, 2017
It is time for Brittany's third quiz! Today, "The Legend of Delta" worked in her favor.
Not Needing to be Right
Jan 31, 2017
Picking a directional assumption can be tough for any trader. Today, Brit & Dr. Jim discuss OTM options and how they enable traders to be correct regardless of which way the stock moves.
Theta - Option Move per Day
Feb 1, 2017
Today, Brittany builds on what she learned yesterday, and she sees why she doesn’t have to be right
Positive and Negative Theta
Feb 4, 2017
Today, Brittany rounds out her learning on theta. Dr. Jim reminds her to have her homework ready next week.
Diversification - Huh?!?!?
Feb 8, 2017
Dr. Jim and Brittany discuss and define "risk aversion" and "strategic diversification." How do we vary our strategies, asset classes and products?
Those Scattered Ducks...
Feb 9, 2017
In today's episode Brittany learns the tastytrade way to scatter her "ducks" (trades) in different "buckets" (sectors, assets, equities, etc)
The Intuition of Correlation
Feb 10, 2017
Brittany branches out from diversification to include correlation. Brittany then puts in the last trade from her homework, a short vertical call spread in GLD
Quiz #4
Feb 11, 2017
It is time for Brittany's fourth quiz! Check it out to see how Brittany and our twitter tastynation did!

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