Learning Objectives:
- Master options-specific risk management
- Understand psychological challenges in options trading
- Learn portfolio-level risk control
- Develop systematic risk management approach
- Master position sizing for options
- Options Risk Management
- Risk Parameters
- Position-level risk
- Strategy-specific risk
- Greek exposure limits
- Maximum loss scenarios
- Assignment risk
- Portfolio Risk
- Correlation risk
- Sector exposure
- Strategy diversification
- Margin requirements
- Capital allocation
- Risk Control Methods
- Stop-loss implementation
- Position sizing rules
- Adjustment triggers
- Rolling guidelines
- Emergency procedures
- Options Psychology
- Common Challenges
- Leverage psychology
- Premium decay stress
- Assignment anxiety
- Adjustment paralysis
- Overtrading tendencies
- Emotional Management
- Fear and greed with options
- Managing winning trades
- Handling losses
- Adjustment decisions
- Exit timing
- Behavioral Patterns
- Strategy selection bias
- Position sizing errors
- Over-adjustment tendency
- Premium addiction
- Risk perception issues
- Risk Management Systems
- System Development
- Risk parameters
- Position limits
- Strategy allocation
- Adjustment rules
- Exit criteria
- Implementation
- Trade planning
- Risk monitoring
- Position tracking
- Performance review
- System refinement
- Documentation
- Trade journal
- Risk logs
- Adjustment records
- Performance metrics
- Learning outcomes
- Advanced Risk Concepts
- Black Swan Events
- Tail risk management
- Portfolio protection
- Insurance strategies
- Crisis management
- Recovery plans
- Volatility Risk
- Vega risk management
- Skew risk
- Term structure risk
- Correlation shifts
- Volatility spikes
Glossary of Key Terms:
- Greeks Management
- Portfolio Greeks
- Maximum Loss
- Risk Metrics
- Psychological Biases
- Trade Management
- Adjustment Criteria
- Risk Parameter
- Position Sizing
- Portfolio Heat
- Greek Exposure
- Assignment Risk
- Correlation Risk
- Stop Loss
- Rolling Strategy
- Leverage Risk
- Premium Decay
- Adjustment Trigger
- Risk Tolerance
- System Parameters
- Trade Journal
- Black Swan
- Tail Risk
- Volatility Risk
- Risk Monitoring
- Position Limit
- Risk Profile
- Hedging
Assessment Methods:
- Risk scenario analysis
- Psychology self-assessment
- System development project
- Risk calculation exercises
- Final module assessment
Resources Provided:
- Risk management templates
- Psychology questionnaires
- Trading journal templates
- Risk calculation tools
- Case studies