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Online Trading Academy Online Trading Academy

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Price:$ 49.95
Overview

Get the real story behind the "Greek" letters and how they affect options!

Description


Get the Real Story Behind the "Greek" Letters and How They Affect Options!

Shakespeare wrote, in "Julius Caesar", the line "It is Greek to Me". Thus, anything "Greek" has become a cliché of confusion or lack of understanding. This course takes you deep into the world of Option Sensitivites - The Greeks - which at first blush do seem confusing. But, in order to succeed at options, you need to understand the risks and rewards as as your option position matures. You need to be able to select the right Strike Price and the right Option Premium to maximize your profits and to minimize your losses. Delta, Gamma, Theta, Vega and Rho - all Greek Letters - but all with tremendous impact on the performance of your position. So what exactly are the Greeks? They are individual measurements of option risk sensitivities. Having a comprehensive understanding of what the Greek calculations represent, as well as how each individual Greek affects an option’s price is fundamental to truly understanding why options behave in the way that they do. Armed with this knowledge you will have a deeper understanding of risk, and in turn this will allow you to structure more intelligent option positions. This will thus have a powerful effect on the profitability of your trading. Delta - Are you going in a direction or do you wish to be Delta Neutral, unsure of which way the market is going. Yes, you can make money in either direction but also in flat markets. Gamma - You learn to adjust to changing effects of the underlying stock or asset in correlation with the overall market. Theta - Time can work for you or against you - or you can learn how to neutralize it. Vega - also known as Kappa. Learn to measure a positions volatility - both Historical and Implied Volatility. These help answer a lot of questions on what strategy to use in specific times Rho - Yes, interest rates do affect Option Premiums - learn when to use it to your advantage. Take the test at the end of the course and see what you have learned. Options are only difficult because traders do not have enough education in these sensitivities. Put another arrow in your quiver - Learn the Greeks today.
Course Information Skill Level: Advanced Media Type: CD
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