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Learning Center Resources

Education Snapshot

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This week at the Options Institute

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Available Resources

Syllabus

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Beginner Level Syllabus

View the required items for the Beginner Level Curriculum.

Required

Seminars

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College Day "CRAM SESSION"

Grab a study buddy and get ready to immerse yourself in a world of options at The Chicago Board Options Exchange!

Optional

Options Institute Plus - Level 1 Beginner

This 2-day classroom experience plus 10 hours of distance coaching will introduce you to the basics of options and the basics of market timing, stock selection and risk management.

Optional

The Options Initiative

Two-day seminar will offer a great introduction to investors new to options.

Required

Trading Options and Managing Positions

This free seminar is designed for all levels of traders who want to improve their ability to select option strategies.

Optional

Online Courses

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Covered Call Writing

Course discusses the basic terms of Covered Call Writing.

Required

Fundamentals of CBOE Index Products

In this course, the specifications of several CBOE Indexes (OEX, SPX, VIX, and the NDX) are discussed.

Optional

Fundamentals of Equity Options

In this course we cover the fundamentals of equity options.

Required

Fundamentals of Index Options

In this course we cover the fundamentals of Index options.

Required

Index Options

Course that explores the basics of Index Options.

Optional

Index Options and the Dow Jones

An overview of DJX options and the basics of trading them.

Optional

Introduction to Options Basics

View this course to learn the unique attributes of options.

Required

Language of Options

Part 2 of a 2-part course covering the fundamentals of options and basic option terminology.

Required

Options' Mechanics

Part 1 of a 2-part course covering the fundamentals of options and basic option terminology.

Required

Proficiency Exam - Beginner Level

Successfully complete the Beginner Level exam to move on to the Intermediate Level.

Required

Strategy Discussions

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Dow Jones Index (DJX) Bullish on Blue Chips - Buy DJX Calls

A strategy paper on taking a bullish stance on the direction of the Dow Jones Index using call options.

Optional

Equity Option Strategies - Buying Calls

View this discussion on who should consider buying equity calls and the risk / reward payoff.

Required

Equity Option Strategies - Buying Puts

View this discussion on who should consider buying equity puts and the risk / reward payoff.

Required

Equity Option Strategies - Cash-Secured Puts

View this discussion on a cash secured put position and the risk / reward involved in this strategy.

Required

Equity Option Strategies - Covered Calls

View this strategy that combines the flexibility of listed equity options with the benefits of stock ownership.

Required

Equity Option Strategies - Protective Puts

View this discussion on when to use protective puts related to an equity position.

Required

Index Option Strategies - Buying Index Calls to Participate in Market Advances

A discussion of buying calls on an index in anticipation of a market advance.

Optional

Index Option Strategies - Buying Index Puts in Anticipation of a Market Correction

A discussion of buying puts on an index in anticipation of a market decline.

Optional

Interest Rate Options Buying TYX Calls To Profit

A discussion of buying TYX call options to benefit from a rise in 30 year interest rates.

Optional

LEAPS Option Strategies - Buying Equity LEAPS Calls As A Stock Alternative

A discussion of using LEAPS Calls as an alternative to owning stock.

Optional

Tasks

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Simulated Trading Tools

Explore both programs, choose one and open a 'paper trading' account with $50,000

Required

Simulated Trading Tools

Place an order for a Short Put in your account.

Required

Simulated Trading Tools

Place an order for a Short Call in your account.

Required

Simulated Trading Tools

Using the recommendation from one of the S&P reports buy a stock and sell a covered call against this stock position.

Required

Simulated Trading Tools

Place an order for a Long Call in your account.

Required

Simulated Trading Tools

Place an order for a Long Put in your account.

Required

Trading Tools

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Advanced Charts

This page gives you the ability to chart stocks, etfs, and indexes.

Optional

CBOE - Virtual Trade

Program designed to let you test your trading knowledge and market savvy.

Optional

Equity Research Center

Allows an investor to scan news by date or ticker on equity securities.

Optional

paperMoney

Program with functionality is the same as the best "real" trading systems.

Optional

Standard & Poor's Daily Select 10 Options Reports

Each day we present reports on 10 stocks selected from S&P's options research.

Optional

Strategy of the Week Discussions

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Weekly Strategy Buying A Call

Quick overview of buying a call.

Optional

Weekly Strategy Buying A Put

Quick overview of buying a put.

Optional

Weekly Strategy Covered Call

Quick overview of writing a covered call.

Optional

Weekly Strategy Long Call

Quick overview of a long call position.

Optional

Weekly Strategy Protective Put

Quick overview of a protective put.

Optional

Weekly Strategy Selling A Put

Quick overview of shorting a put.

Optional

Books

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LEAPS Trading Strategies

Great book on LEAPS by the CBOE's Marty Kearney.

Optional

Options for the Stock Investor

Excellent book for beginners and intermediate traders by the CBOE's Jim Bittman.

Optional