‍What Are the Basic Options Strategies Every Trader Should Know?

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The "Basic Option Strategies" course is an intermediate-level program designed to provide a comprehensive understanding of popular option strategies. It's tailored for those looking to grasp how to use options in different market conditions, specifically focusing on bull and bear markets. This course also emphasizes the practical construction of these strategies using an online trading platform, making it an excellent resource for traders seeking to apply theoretical knowledge in real-world scenarios.
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Points forts du cours :

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1. Stratégies de base en matière d'options: Introduction à l'utilisation des options pour les marchés haussiers et baissiers.
2. Marché haussier - Option d'achat longue : Comprendre l'utilisation des options d'achat lorsqu'on anticipe une hausse du marché.
3. Utilisation pratique - Marché haussier - Long Call: Démonstration de la création d'une position long call dans Trader Workstation (TWS) à l'aide d'Option Chain.
4. Marché haussier - Short Put: Explique comment utiliser des options de vente à découvert dans un scénario de marché haussier.
5. Utilisation pratique - Marché haussier - Short Put: Guides sur la création d'une vente à découvert dans TWS à l'aide de la chaîne d'options.
6. Marché haussier - Appel couvert: La génération de revenus dans un marché haussier grâce à des stratégies d'options d'achat couvertes.
7. Utilisation pratique - Marché haussier - Covered Call: Montre comment créer une option d'achat couverte dans TWS à l'aide de Strategy Builder.
8. Marché baissier - Option de vente longue: Couvre l'utilisation d'options de vente longues dans une perspective de marché baissier.
9. Utilisation pratique - Marché baissier - Long Put: Enseigne la création d'une option de vente longue dans TWS à l'aide de la chaîne d'options.
10. Marché baissier - Vente couverte: Examine la possibilité de générer des revenus dans un marché baissier grâce à des stratégies d'options de vente couvertes.
11. Practical Usage – Bear Market – Covered Put: Demonstrates creating a covered put in TWS using Strategy Builder.
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A l'issue du cours "Stratégies d'options de base", les participants auront une compréhension approfondie des différentes stratégies d'options adaptées aux différentes conditions de marché. Ils apprendront à la fois les aspects théoriques de ces stratégies et leur application pratique à l'aide des outils TWS. Ce cours est idéal pour les traders qui souhaitent améliorer leurs compétences en matière de trading d'options et mettre en œuvre efficacement des stratégies dans des marchés haussiers et baissiers.

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FAQ

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1) Which strategy fits my market view—bullish or bearish?

‍If you think the stock will go up (bullish):
Buy a call to risk only the option cost with unlimited upside.Sell a put if you’re happy to buy the stock at a lower price and earn income meanwhile.Sell a covered call if you already own the stock and want extra income, but this limits your profit.

‍If you think the stock will go down (bearish):
Buy a put to risk only the option cost and profit if the stock falls.A “covered put” (shorting the stock + selling a put) is more advanced and risky, since losses can be very large if the stock rises.

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2) How do I choose strikes and expirations?

‍Choose a strike (the set price of the option) based on your outlook:
Buy calls or puts closer to the stock’s current price if you’re confident in the direction.Sell puts or covered calls further away from the stock price if your goal is steady income.For timing, many traders use options that expire in about 1–2 months. Shorter-term options lose value faster but can also move more sharply.

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3) What are the payoff profiles and key break-evens?

‍Long call: Max loss is what you paid; break-even = strike + cost.

‍Long put: Max loss is what you paid; break-even = strike – cost.

‍Short put: Max profit is what you collected; biggest risk is if the stock goes to zero. You may be forced to buy shares below the strike.

‍Covered call: Profit stops at the strike price; break-even = what you paid for stock – income from option. Risk of early exercise if a dividend is coming.

‍Covered put: Profit capped if the stock falls, but risk is unlimited if the stock rises.

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4) How does implied volatility (IV) affect these trades?

• If you buy options, you want volatility to rise.

• If you sell options (like puts or covered calls), high volatility works in your favor because options are pricier and may lose value later. Always compare today’s volatility with its past levels to see if options are expensive or cheap.

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5) How do I build, manage, and roll positions in TWS?

• Use the Option Chain to see prices and set up trades.

• Use Strategy Builder to create combinations like covered calls or spreads.

• Check the profit/loss graph to see possible outcomes.To manage: set alerts if the stock or risk changes, check your account margin, and if you want to extend a trade, you can “roll” it by closing the current option and opening a new one with a different price or date.

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