‍What Are the Basic Options Strategies Every Trader Should Know?

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The "Basic Option Strategies" course is an intermediate-level program designed to provide a comprehensive understanding of popular option strategies. It's tailored for those looking to grasp how to use options in different market conditions, specifically focusing on bull and bear markets. This course also emphasizes the practical construction of these strategies using an online trading platform, making it an excellent resource for traders seeking to apply theoretical knowledge in real-world scenarios.
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Belangrijkste punten van de cursus:

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1. Overzicht basisoptiestrategieën: Introduceert het gebruik van opties voor stijgende en dalende marktvooruitzichten.
2. Bull Market - Long Call: Inzicht in het gebruik van lange callopties als je anticipeert op een marktstijging.
3. Praktisch gebruik - Bull Market - Long Call: Demonstreert het creëren van een long call positie in Trader Workstation (TWS) met behulp van Option Chain.
4. Bull Market - Short Put: Uitleg over het gebruik van short putopties in een bullish marktscenario.
5. Praktisch gebruik - Bull Market - Short Put: Richtlijnen voor het maken van een short put in TWS met behulp van Option Chain.
6. Stierende markt - Gedekte call: Bespreekt het genereren van inkomen in een stijgende markt via gedekte call strategieën.
7. Praktisch gebruik - Bull Market - Gedekte call: Laat zien hoe je een gedekte call maakt in TWS met behulp van Strategy Builder.
8. Bear Market - Long Put: Gaat in op het gebruik van long put opties in een bearish marktvooruitzicht.
9. Praktisch gebruik - Bear Market - Long Put: Leert hoe je een long put kunt creëren in TWS met behulp van Option Chain.
10. Dalende markt - Gedekte put: Onderzoekt het genereren van inkomsten in een dalende markt met gedekte putstrategieën.
11. Practical Usage – Bear Market – Covered Put: Demonstrates creating a covered put in TWS using Strategy Builder.
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Na afloop van de cursus "Basisoptiestrategieën" hebben de deelnemers een grondig inzicht in verschillende optiestrategieën die geschikt zijn voor verschillende marktomstandigheden. Ze leren zowel de theoretische aspecten van deze strategieën als de praktische toepassing ervan met behulp van TWS tools. Deze cursus is ideaal voor traders die hun vaardigheden op het gebied van optiebeleg willen verbeteren en strategieën effectief willen implementeren in bull- en bearmarkten.

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FAQ

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1) Which strategy fits my market view—bullish or bearish?

‍If you think the stock will go up (bullish):
Buy a call to risk only the option cost with unlimited upside.Sell a put if you’re happy to buy the stock at a lower price and earn income meanwhile.Sell a covered call if you already own the stock and want extra income, but this limits your profit.

‍If you think the stock will go down (bearish):
Buy a put to risk only the option cost and profit if the stock falls.A “covered put” (shorting the stock + selling a put) is more advanced and risky, since losses can be very large if the stock rises.

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2) How do I choose strikes and expirations?

‍Choose a strike (the set price of the option) based on your outlook:
Buy calls or puts closer to the stock’s current price if you’re confident in the direction.Sell puts or covered calls further away from the stock price if your goal is steady income.For timing, many traders use options that expire in about 1–2 months. Shorter-term options lose value faster but can also move more sharply.

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3) What are the payoff profiles and key break-evens?

‍Long call: Max loss is what you paid; break-even = strike + cost.

‍Long put: Max loss is what you paid; break-even = strike – cost.

‍Short put: Max profit is what you collected; biggest risk is if the stock goes to zero. You may be forced to buy shares below the strike.

‍Covered call: Profit stops at the strike price; break-even = what you paid for stock – income from option. Risk of early exercise if a dividend is coming.

‍Covered put: Profit capped if the stock falls, but risk is unlimited if the stock rises.

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4) How does implied volatility (IV) affect these trades?

• If you buy options, you want volatility to rise.

• If you sell options (like puts or covered calls), high volatility works in your favor because options are pricier and may lose value later. Always compare today’s volatility with its past levels to see if options are expensive or cheap.

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5) How do I build, manage, and roll positions in TWS?

• Use the Option Chain to see prices and set up trades.

• Use Strategy Builder to create combinations like covered calls or spreads.

• Check the profit/loss graph to see possible outcomes.To manage: set alerts if the stock or risk changes, check your account margin, and if you want to extend a trade, you can “roll” it by closing the current option and opening a new one with a different price or date.

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