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

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

Session 3: 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

Session 4: 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

Session 5: 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

Session 6: 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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