Learning Objectives:
- Master complex options strategies
- Understand volatility trading methods
- Learn advanced spread techniques
- Develop adjustment frameworks
- Master portfolio-level strategy implementation
- Complex Spreads
- Iron Condors
- Structure and setup
- Width selection
- Strike placement
- Margin requirements
- Risk management
- Butterflies
- Long butterflies
- Short butterflies
- Broken wing butterflies
- Skip-strike butterflies
- Iron butterflies
- Ratio Spreads
- Call ratio spreads
- Put ratio spreads
- Back spreads
- Front spreads
- Risk/reward profiles
- Volatility Strategies
- Straddles
- Long straddles
- Short straddles
- Strike selection
- Timing considerations
- Risk management
- Strangles
- Long strangles
- Short strangles
- Width selection
- Greek management
- Adjustment strategies
- Volatility Spreads
- Calendar spreads for volatility
- Double calendars
- Diagonal spreads
- Volatility skew trades
- Term structure trades
- Income Strategies
- Covered Combinations
- Covered calls
- Covered strangles
- Collar strategies
- Protected puts
- Rolling techniques
- Premium Selling
- Naked puts
- Put spreads
- Iron condors
- Premium ladders
- Portfolio protection
- Advanced Management
- Adjustment Framework
- When to adjust
- How to adjust
- Cost of adjustment
- Risk reassessment
- Position sizing changes
- Portfolio Integration
- Strategy correlation
- Margin efficiency
- Risk distribution
- Capital allocation
- Performance tracking
Glossary of Key Terms:
- Iron Condor
- Butterfly
- Ratio Spread
- Straddle
- Strangle
- Back Spread
- Front Spread
- Calendar Diagonal
- Volatility Skew
- Term Structure
- Covered Call
- Naked Put
- Collar
- Iron Condor
- Protected Put
- Adjustment Techniques
- Complex Spreads
- Volatility Strategies
- Position Delta
- Strategy Correlation
- Margin Efficiency
- Portfolio Heat
- Risk Distribution
- Rolling Strategies
Assessment Methods:
- Complex strategy building exercises
- Adjustment scenario practice
- Portfolio management projects
- Risk analysis assignments
- Final module assessment
Resources Provided:
- Strategy construction templates
- Adjustment flowcharts
- Portfolio tracking tools
- Risk management guides
- Real market case studies