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9 Weeks to Better Options Trading: 5 Rookie Mistakes to Avoid Like the Plague

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Veteran options trader Steve Smith identifies five pitfalls that options traders need to know about -- and avoid at all costs.

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Where We Go From Here

Next week, we'll be moving on to our next lesson, understanding implied volatility and time decay, which will give you a basic understanding of how options are priced, and how one can profitably navigate changes in those prices.

From there, we'll move onto breaking down a variety of key trading strategies before ending with a piece on handling special situations like earnings reports and takeovers.

Here is a complete schedule for "9 Weeks to Better Options Trading":

Week 1: 5 Rookie Mistakes to Avoid Like the Plague

Week 2: Option Pricing Basics: Understanding Implied Volatility and Time Decay

Week 3: Trading Strategy: Calendar Spreads

Week 4: Trading Strategy: Butterfly Spreads

Week 5: Trading Strategy: Iron Condors

Week 6: Trading Strategy: Risk/Reversals

Week 7: Trading Strategy: Back Spreads

Week 8: Managing Risk

Week 9: Special Situations: Earnings Reports, Takeovers, and Extreme Market Moves

For more from Steve Smith, take a FREE 14-day trial to OptionSmith and get his specific options trades emailed to you along with exclusive access to his full portfolio. Learn more.

Twitter: @steve13smith

For more from Steve Smith, take a FREE 14-day trial to OptionSmith and get his specific options trades emailed to you along with exclusive access to his full portfolio. Learn more.

Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
No positions in stocks mentioned.

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