Being a successful and consistently profitable options trader is not easy, but it’s not impossible! If you’re looking to learn options trading, there are plenty of resources available that can help you learn the skills needed to be a successful trader.
Between countless books, seminars, and online trading courses, if you’re willing to put in the work, you too can learn options trading. We’ve done the research and compiled a list of the best options trading courses.
Table of Contents:
- What Is Options Trading?
- How Does Options Trading Work?
- What Makes a Good Options Trading Course?
- 5 Best Options Trading Courses
- Options Trading to Generate Wealth
What Is Options Trading?
Before diving into the best options trading courses, let’s take a step back and review what is options trading? Options are quite different from the more traditional route of investing or trading in stocks.
When one is trading options, it’s important to note they are trading a contract. Options are also considered derivatives as their value comes from an underlying asset.
When you trade options, you have the right – but not the obligation – to buy or sell the trade. An option trader can either; buy/sell calls, or buy/sell puts. An option is predicting the price of the underlying asset, the stock, and betting that it reaches a certain price by a certain date.
How Does Options Trading Work?
When one trades options, they are speculating the price of the underlying asset reaches a certain point by a specific date in the future. For example, imagine a stock has a current stock price of $115.
A trader purchases an option contract with a strike price of $125, and an expiration 30 days from now. If the underlying stock prices rise above $125 in the next 30 days, the trader can sell their options contract and in exchange, buy shares of the stock at $125.
This can become wildly profitable because the underlying stock may be far beyond $125. For example, if shares are currently trading at $155/share, the one who owns the option will purchase the shares at $125 and could immediately sell the shares on the open market for a $30/profit.
Not all option trades bet on the underlying stock increasing in value. A trader can bet on the exact opposite, similar to buying a stock long or selling the stock short.
What Makes a Good Options Trading Course?
As shown above, trading options can be confusing. If you’re curious how to learn options trading, you’re not the only one! Luckily, there are numerous courses available that can teach you this complex investing style.
But what makes a good options trading course? The best options trading courses will all have the following:
First and foremost, the best options trading courses will all be through an accredited program. Accreditation will demonstrate that the course curriculum is tried and true, and that the course is producing positive results.
You do not want to attend a class that does not have a history of developing successful option traders!
Not only do you want your option trading class to be accredited, the best option trading courses will also be taught by a credible instructor. This instructor may be a former trader at a large multinational bank or hedge fund.
Or, perhaps the instructor was an average individual who taught themselves options trading and earned freedom and wealth. Nonetheless, the course should most certainly be taught by someone who has years of successful experience in this arena.
Available Investor Resources
Last but not least, if you’re looking to learn options trading, the best option trading courses will all have plenty of investor resources readily available for you. Investor resources include; live chat rooms, on-demand videos, and documents you can use to help you formulate and craft a strategy.
5 Best Options Trading Courses
Now with the requirements out of the way, let’s dive into the best options trading courses available to you today!
Udemy: Ultimate Guide to Options Trading: From Novice to Pro (Best for a General Overview of Options Trading)
Udemy offers a wide range of educational material. If you’re looking to learn options trading, consider their Ultimate Guide to Options Trading class. From beginner to trading pro, this class will provide a general overview of some of the most important information you’ll need for option trading.
What You’ll Learn:
- How to create income
- Leveraging option trading strategies
- How to manage losing trades
Standout Features: The best feature of this class is the fact that there is a 30-day money back guarantee!
- The class is taught online
- You have lifetime access to the course materials
- You can access the course on a mobile platform or laptop
- This course does not dive deep into strategies, but instead provides a high level overview of options trading
Pricing: This course retails for $89.99
Duration: You can complete this course in a few hours
Fidelity: Getting Started: A Weekly Options Class for Beginners (Best for Beginners)
Fidelity is a well known and respected brokerage platform. Not only can you use fidelity to buy and execute your trades, Fidelity also offers an educational component. Their weekly options trading class for beginners is an excellent place to start learning how to trade options.
What You’ll Learn:
- An introduction to options trading
- How to buy and sell options
- How to manage your options trade
Standout Features: This course is taught in live time from a registered options principal – this is someone who has certification to oversee options trading within financial firms.
- The course is 4 weeks long, and each week builds on one another
- The course is taught by someone with a thorough understanding of option trading
- This course is only 4 weeks long, it’s near impossible to learn everything you need to know in such a short time frame
- Each class is only 1 hour long, and meets once per week
Duration: This course is 4 weeks long
Options Animal: Options Trading Training (Best for a Complete Options Trading Curriculum)
If you’re looking for a more complete options trading course, Options Animal is a great option. Options Animal is often ranked #1 in the options trading educational community and is designed to take you from a beginner options trader to the advanced level.
What You’ll Learn:
- Charting techniques
- The fundamentals of options trading
- Advanced option trading techniques
- How to manage risk
Standout Features: These courses are live time and taught by great teachers!
- Options Animal has courses for beginners and advanced students
- The teaching is well polished and takes you through what you need to know step by step
- There is limited recorded information that you can listen to at your leisure
Pricing: Many of the webinars are free!
Duration: The length depends on how many webinars a student wants to sign up to attend. Each webinar is typically 60-120 minutes long.
Black Box Stocks (Best for a Community Driven Options Trading Course)
Black Box Stocks is a wonderful training program if you’re looking to learn options trading. They offer live educational classes, a community where all traders can trade together, and real-time alerts.
What You’ll Learn:
- This is a robust training program, it will take you from beginner to advanced level
- Various charting techniques
- Risk management
Standout Features: The best feature must be the community! The live chat room is a great place to ask questions, formulate a strategy, and execute your trading plan.
- Students will have great teachers to learn from
- There is live and continuing education classes
- The community provides real-time alerts on whats moving in the market
- This is a pricey option, see below for pricing details.
Pricing: You have two payment options:
- Monthly, which is $99.97/month
- Yearly, which is $959/year
Duration: Continuous! You’ll have access to all the information as long as you are paying monthly or yearly.
Udemy: Options Trading for Beginners (Best for a Brief Overview of Options Trading)
Udemy offers another great options trading class, Options Trading for Beginners. This class is short and to the point, but can provide you with a very brief overview of options trading.
What You’ll Learn:
- What a call and put mean
- How to calculate your max profit per trade
- How to read basic patterns on a chart
Standout Features: The biggest standout feature is the lifetime access you have to this class.
- This course is short and to the point
- It provides a very brief summary of options trading for beginners
- The course is taught by someone who has over 40 years of experience trading options on Wall Street
- This course is just step one. If you want to trade options, most likely you’ll need to take more courses to learn more strategies.
Pricing: This course retails for $34.99
Duration: This course is 2 hours long and includes a downloadable resource
Options Trading to Generate Wealth
Without question, the above list of best option trading courses can help you become more comfortable taking on the risk of trading options. If you put in the work, manage your risk accordingly, and stick to a strategy, you can trade options and generate serious wealth or side income.
However, options trading comes with its fair share of risk. The best way to manage this risk is to work with a financial advisor. A financial advisor can watch over your long term investments, and ensure you’re setting aside enough money for retirement, while you keep your mind clear and focus on trading options.
A: There are plenty of free resources available today to teach you options trading. Some of the best options trading courses mentioned above are free!
A: Without question, if you want to learn options trading, it is extremely difficult. With that said, there is tremendous upside potential.
A: Options trading is a great wealth building tool! It can most certainly make you rich.
Investment Firms is a ready supported website. Our content is free to consume and most of the time we do not earn revenue from publishing articles. In some instances, clicking on links in articles may earn us a commission if you are to purchase something.