Welcome to the DiscoverOptions Personal Mentoring Program

The DiscoverOptions Mentoring Program provides the information you need through recorded videos and a learn-by-doing emphasis. Critical to the success of our program are live sessions with a personal Mentor using web conferencing and phone conversations until the mentor feels you fully understand the material in each lesson or course.

Below are all the available Mentoring courses with brief explanations and preview videos for courses each individual session. You must be a registered user and logged in to access the free orientation video.

To register and receive instant access to the Orientation video please fill out the Registration Form.

Mentoring Session
  Preview Video  
Free
Orientation
Intro to Options
Introduction to Options
$99

Intro to Options
Introduction to Options


Session 1: Introduction to Options
Introduction to the DiscoverOptions philosophy of learning to trade, options basics including concepts of in-at and out-of-the-money and time premium.
Personal Instructor: Ken Dole

Intro to Options
Long Calls & Long Puts


Session 2: Long Calls & Long Puts
Basics of option pricing; behavior of put and call option prices in various time frames; determine which call or put is best to purchase given your market outlook.
Personal Instructor: Ken Dole

Covered Calls
Covered Calls
$199

Covered Calls
Covered Calls Basics & Campaigning


Session 1: Covered Call Basics & Campaigning
Covered call basics; evaluate at, in, and out-of-the-money covered calls; compare an at-the-money covered call campaign to a modulating covered call campaign.
Personal Instructor: Steve Papale

Covered Calls
Searching For One-Month Covered Call Trades


Session 2: Searching For One-Month Covered Call Trades
OpScan basics; use OpScan to scan for and trade High Yielding Covered Calls on Upward Trending Stocks & High Yielding in-the-money Covered Calls.
Personal Instructor: Steve Papale

Puts & Collars
Puts & Collars
$199

Puts & Collars
Protective Puts, Married Puts and Collars


Session 1: Protective Puts, Married Puts and Collars
Basics of protective puts, married puts and collars fully explained. Also, we explore a modulating collar approach and present results of a multi-year study.
Personal Instructor: Frank Fahey

Puts & Collars
Naked Put Selling


Session 2: Naked Put Selling
Basics of selling puts, margin vs. cash secured, OpScan formulas for candidates including High Yielding Puts Located 20 percent Out-of-the-Money.
Personal Instructor: Frank Fahey

Equity Track
Equity Track
$3,999

Equity Track
Greeks


Session 1: Greeks
Options risk measurements---delta, gamma, theta, vega --- fully explained with examples and intermittent quizzes. Understand directional, time and volatility risk.
Personal Instructor: Steve Papale

Equity Track
Vertical Spreads


Session 2: Vertical Spreads
Open yourself to the vast world of options spreads. Mechanics of debit spreads, credit spreads, ratio spreads, a stock repair strategy, straddles and strangles.
Personal Instructor: Steve Papale

Equity Track
Horizontal Spreads


Session 3: Horizontal Spreads
Continuing from above, we'll discuss the mechanics of calendar spreads, double calendar spreads, diagonal spreads and double diagonal spreads.
Personal Instructor: Steve Papale

Equity Track
Trend Trading with Spreads


Session 4: Trend Trading with Spreads
Two mechanical credit spread systems fully explained and tested with positive results. Both approaches trade with the prevailing trend and incorporate technical analysis.
Personal Instructor: Ken Dole

Equity Track
Counter Trend Trading with Spreads


Session 5: Counter Trend Trading with Spreads
Two mechanical credit spread systems fully explained and tested with positive results. Both approaches trade counter to the prevailing trend and have very high winning percentages.
Personal Instructor: Ken Dole

Equity Track
Advanced Principles of Directional Spreads


Session 6: Advanced Principles of Directional Spreads
Determine stop levels, establish a benchmark option spread and then find potential improvement spreads. Learn how to make the best decision.
Personal Instructor: Frank Fahey

Equity Track
Directional Money Management


Session 7: Directional Money Management
Psychology of successful trading, risk management, building a trading plan, and day-to-day operations.
Personal Instructor: Frank Fahey

Equity Track
Volatility


Session 8: Volatility
Concepts explained include: historical, statistical and implied volatility, constant elasticity of volatility, over and under valued options, probability.
Personal Instructor: Ken Dole

Equity Track
Proper Entry Timing of SPX Condors and Butterflies


Session 9: Proper Entry Timing of SPX Condors and Butterflies
Learn the favorable market conditions for entering SPX Condor and Butterfly-type positions using never-before-seen market analysis tools based on Steve Lentz’s Volatility Edge Analysis.  Learn which common indicators to use on the SPX to judge for yourself in any market condition.
Personal Instructor: Ken Dole

Equity Track
Campaigning with Condors


Session 10: Campaigning with Condors
Learn about the most proven strategy in the DiscoverOptions arsenal. Mechanics of trading a condor campaign fully explained; adjustments and when to roll positions and exit.
Personal Instructor: Steve Papale

Equity Track
Hedged Bull Put Spread Campaigning


Session 11: Hedged Bull Put Spread Campaigning
Learn the favorable market conditions for entering SPX Hedged Bull Put Spread Campaigns based on Steve Lentz’s Volatility Edge Analysis customized to this approach. Also, learn details of placing and managing these positions, i.e. taking profits and managing the position when the SPX moves downward.
Personal Instructor: Steve Papale

Equity Track
Calendars


Session 12: Calendars
Learn two different approaches to trading Calendar Spreads around stock earnings announcements. Understand fully how OptionVue 8's advanced modeling gives you an edge nobody else has.
Personal Instructor: Frank Fahey

Equity Track
Butterflies


Session 13: Butterflies
Mechanics of trading a successful butterfly spread campaign. Learn about yield grab targets, the proper adjustments and when to take profits and exit.
Personal Instructor: Frank Fahey

Equity Track
Non-Directional Money Management


Session 14: Non-Directional Money Management
Psychology of successful trading, risk management, building a trading plan, and day-to-day operations.
Personal Instructor: Frank Fahey

Futures Track
Futures Track
$1,999

Futures Track
Introduction to Futures and Futures Options


Session 1: Introduction to Futures and Futures Options
Introduction to the futures markets and options concepts including in-at-and out-of-the money, intrinsic/extrinsic value and time premium.
Personal Instructor: Paul Forchione

Futures Track
Volatility


Session 2: Volatility
Concepts explained include: historical, statistical and implied volatility, constant elasticity of volatility, probability, volatility skews, overvalued options and building the Lentz Volatility Indicator (LVI).
Personal Instructor: Paul Forchione

Futures Track
The Greeks


Session 3: The Greeks
Options risk measurements – Delta, Gamma, Theta, Vega – fully explained with examples and visual cues.
Personal Instructor: Ken Dole

Futures Track
Principles of Directional Spread Trading


Session 4: Principles of Directional Spread Trading
Determine stop levels; how to establish a benchmark spread position; how to compare spread positions and finding the best stop level.
Personal Instructor: Ken Dole

Futures Track
Trend Trading with Spreads


Session 5: Trend Trading with Spreads
Mechanical credit spread system that can be used with any market. How to properly deal with commissions and spread levels
Personal Instructor: Ken Dole

Futures Track
Non-Directional Trading with Strangles and Condors


Session 6: Non-Directional Trading with Strangles and Condors
Mechanics of trading naked strangle and condor campaigns. Special emphasis on making adjustments over time to avoid big losses. Determine which underlying futures markets are best for this approach.
Personal Instructor: Paul Forchione

Futures Track
Money Management


Session 7: Money management
Develop a trading plan using a robust fixed risk, trade rotation model. Other concepts include diversification, contract size calculation, organizational tools and your personal goals.
Personal Instructor: Paul Forchione

Full Mentoring
Full Mentoring (Equity & Futures Track)
$4,999