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Schaeffer's Options 101


Are you ready to start learning about options, and how to use them properly for faster, more leveraged overall profit than simple stock trading? You've come to the right place. Here at Schaeffer's Investment Research, we have over 40 years of experience specializing in not only trading equity options, but teaching hundreds of thousands of traders around the world to profit from options trading!

Whether you're looking to quickly cover basic options trading concepts, explore different ways of evaluating options trading opportunities, or dig into options trading strategies, we are here for you. Schaeffer's Investment Research's Options 101 is backed by over 120 combined years of options trading experience  from our professional trading team, and we are constantly updating with new material, so be sure to check back with us regularly, especially for new ways to use options to capitalize on the power of CONVEXITY! Let's go.

Options Basics

Getting Started with Options
What Are Stock Options?
What Is a Call Option?
What Is a Put Option?
Uses of Stock Options
Advantages of Stock Options
Mini Options
Weekly Options


Key Option Concepts
Leverage
Understanding Volatility
Understanding Option Pricing
Open Interest and Volume
Option Greeks
Dividends, Stock Splits, and Other Option Contract Adjustments

Options Trading Mechanics
Entering an Option Trade
Exiting an Option Trade
Options Expiration, Assignment, and Exercise
Automatic Exercise
Rolling Options Out, Up, and Down
Money Management

Basic Options Vocabulary
Basic Option Terms
The Greeks

Options Strategies

Bullish Options Strategies
Long Call Options
Long Call Spread
Call Ratio Spread
Short Put
Short Put Spread
Synthetic Long


Bearish Options Strategies
Long Put Options
Long Put Spread
Put Ratio Spread
Short Call
Short Call Spread
Synthetic Short

Volatility Options Strategies
Long Straddle
Long Strangle
Call Ratio Backspread
Put Ratio Backspread


Sideways Options Strategies
Short Straddle
Short Strangle
Long Call Calendar Spread
Long Put Calendar Spread
Iron Butterfly
Iron Condor


Hedging Options Strategies
Protective Put
Protective Call
Covered Call
Collar
Pairs Trade

Volatility Basics

What Is Volatility?
Historical Volatility
Implied Volatility


Volatility and Options
Impact of Implied Volatility on Options
Volatility Crush
VIX Options


Volatility Indexes and ETNs
VIX and VXO
Volatility ETNs


Volatility Strategies
Straddle
Strangle

Expectational Analysis

Introduction to Expectational Analysis

Technical Analysis
Chart Support and Resistance
Moving Averages
Gaps
Oscillators
Relative Strength
Retracement and Fibonacci Levels
Trends vs. Trading Range
Options-Related Support and Resistance


Fundamental Analysis
Buybacks and Stock Splits
Earnings Surprises and Earnings History
Management Changes and New CEOs
Interest Rates and Fed Moves


Sentiment Analysis
Option Volume and Put/Call Volume Ratios
Short Interest
Analyst Rankings
Open Interest Configuration
Sentiment Surveys
Cover Stories
Mutual Fund Flows
New Highs and New Lows


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Schaeffer's Investment Research Options Education

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