Best Options Trading Courses In 2023 – Options trading is a form of investing that involves buying and selling contracts that give you the right, but not the obligation, to buy or sell an underlying asset at a specific price and time. Options trading can be a way to diversify your portfolio, hedge your risk, generate income and speculate on market movements.
Options trading is not for everyone. It requires a lot of knowledge, skills, and practice to master. You need to understand the concepts of options pricing, volatility, strategies, risk management, and more. You also need to have access to a reliable broker, platform, and tools to execute your trades.
If you want to learn options trading or improve your existing skills, you can benefit from taking an online course. An online course can teach you the fundamentals and advanced techniques of options trading, as well as provide you with practical examples, exercises, and feedback. You can also learn at your own pace and schedule, without having to travel or pay for expensive tuition.
- PenFed Credit Union Review (All You Need To Know 2023)
- How To Sell Your Home Fast (7 Effective Tips That Works All The Time)
- What Is PITI and Why Is It Important for Homebuyers?
- Term Life Insurance: What It Means And Pros and Cons (Overview)
- Do You Need A Brokerage Account To Buy Stocks?
But how do you choose the best online course for options trading? There are many factors to consider, such as:
- Cost: How much does the course cost? Does it offer a free trial or a money-back guarantee? Are there any discounts or coupons available?
- Content: What topics does the course cover? Does it suit your experience level and learning goals? Does it provide clear and comprehensive explanations and examples?
- Format: How is the course delivered? Is it self-paced or instructor-led? Is it video-based or text-based? Does it include quizzes, assignments, and tests?
- Support: How can you get help or feedback from the instructor or other students? Is there a community forum or chat group? Is there a customer service or technical support team?
- Reviews: What do other students say about the course? Are they satisfied with their learning outcomes and experience? Are there any complaints or issues?
Best Options Trading Courses In 2023
To help you find the best online course for options trading in 2023, we have reviewed and ranked six of the most popular and reputable options in the market. Here are our top picks:
1. Benzinga’s Proprietary Options Trading Service: Best Overall
Benzinga’s Proprietary Options Trading Service is not just a course, but a complete service that provides you with everything you need to succeed in options trading. It includes:
- A comprehensive course that covers all aspects of options trading, from basics to advanced strategies
- A live trading room where you can watch professional traders execute real trades and explain their analysis and decision-making process
- A trade alert service that sends you real-time notifications of high-probability trade setups via email or text message
- A weekly newsletter that summarizes the market trends, news, and opportunities for options trading
- A community forum where you can interact with other traders, ask questions and share ideas
Benzinga’s Proprietary Options Trading Service is suitable for beginners and experienced traders alike. It is designed to help you learn options trading in a practical and profitable way. You can access the service from any device with an internet connection.
Benzinga’s Proprietary Options Trading Service costs $97 per month or $997 per year. You can try it for free for 14 days with no risk or obligation.
- Comprehensive and practical course
- Live trading room and trade alert service
- Weekly newsletter and community forum
- Free trial and money-back guarantee
- Relatively expensive compared to some competitors
- No certification or accreditation
2. Udemy: The Complete Foundation Stock Trading Course: Most Affordable
Udemy is an online learning platform that offers thousands of courses on various topics, including options trading. One of the best courses on Udemy for options trading is The Complete Foundation Stock Trading Course by Mohsen Hassan.
This course covers everything you need to know about stock trading, including options trading. It teaches you the fundamentals of stock market analysis, technical analysis, risk management, and trading psychology. It also introduces you to various options strategies, such as calls, puts, spreads, and straddles.
The course consists of 9 hours of on-demand video lectures, 2 articles, and 34 downloadable resources. You can access the course from any device with an internet connection. You can also ask questions to the instructor and other students through the Q&A section.
The course costs $94.99, but you can often find it on sale for as low as $12.99. You also get lifetime access to the course and a certificate of completion.
- Affordable and accessible
- Comprehensive and clear content
- Lifetime access and certificate of completion
- No live interaction or feedback
- No trade alert service or newsletter
3. Fidelity: Getting Started: A Weekly Options Class for Beginners: Best for Beginners on a Budget
Fidelity is one of the largest and most reputable brokers in the world, offering a wide range of products and services for investors, including options trading. Fidelity also offers free online courses on various topics, including options trading.
One of the best courses on Fidelity for options trading is Getting Started: A Weekly Options Class for Beginners. This course is designed for beginners who want to learn the basics of options trading in a simple and interactive way.
The course consists of four weekly live webinars, each lasting one hour. You can watch the webinars live or on-demand. You can also ask questions to the instructor and other students through the chat feature.
The course covers topics such as:
- What are options and how do they work
- How to read and interpret options quotes and chains
- How to use options to hedge, speculate or generate income
- How to place and manage options trades on Fidelity’s platform
The course is free to join, but you need to have a Fidelity account to access it. You also get access to other free resources and tools on Fidelity’s website.
- Free and interactive
- Live webinars and chat feature
- Access to other free resources and tools
- Requires a Fidelity account
- No certificate or accreditation
- No advanced strategies or trade alerts
In conclusion, Options trading is a powerful and versatile tool for investors who want to take advantage of market movements and opportunities. However, options trading is not easy and requires a lot of education, practice, and discipline. You need to understand the concepts, strategies, risks, and rewards of options trading before you start.
In this article, we have reviewed and ranked six of the best online courses for options trading in 2023. We hope this article has helped you find the best online course for options trading in 2023. If you have any questions or feedback, please let us know in the comments below.
Frequently Asked Questions (F&Qs) Best Options Trading Courses In 2023
Is there any course for option trading?
Yes, there are many courses available for options trading. Here are a few of the most popular options trading courses:
- Options Trading Basics (3-Course Bundle) on Udemy
- Options Alpha
- Warrior Trading
- Simpler Trading
What is the most expensive option course?
The most expensive options trading course is the Professional Options Trader course from the Online Trading Academy. It costs $5,500.
Which course has the highest demand?
The course with the highest demand is constantly changing as new technologies and industries emerge. However, some of the most in-demand courses today include:
- Computer science
- Data Science
How long does it take to learn options?
If you have no prior knowledge of finance, you will need to spend some time learning the basics of the stock market and how options work. This could take a few weeks or even months, depending on how quickly you learn.
What is the most successful options trading strategy?
Some of the most popular and successful options trading strategies include:
- Covered calls: This strategy involves selling call options on a stock that you already own. If the stock price rises above the strike price of the call option, you will be obligated to sell the stock at that price. However, you will also receive the premium that you received for selling the call option, which can help to offset your losses if the stock price falls.
- Cash-secured puts: This strategy involves selling put options on a stock that you have the cash to buy. If the stock price falls below the strike price of the put option, you will be obligated to buy the stock at that price. However, you will also receive the premium that you received for selling the put option, which can help to offset your losses if the stock price rises.
- Long straddles: This strategy involves buying both calls and put options on the same stock with the same strike price and expiration date. This strategy is a neutral strategy, as it profits from both rising and falling stock prices. However, it is also a risky strategy, as it can result in large losses if the stock price does not move much.
- Iron condors: This strategy is a variation of the long straddle that involves buying a call option and a put option with different strike prices and expiration dates. This strategy is less risky than a long straddle, as it profits from a narrower range of stock price movements.