Expand Your Options!
Whether you are new to investing or are a seasoned professional,
using options can be an efficient and easy way to protect the profits you have
made, limit your loss, gain additional income or secure a specific stock price.
The Options Institute's online courses are designed to help every
level of investor gain a fuller understanding of the uses of listed options.
Complete the courses you feel would be most suitable for building your
knowledge and confidence in using listed options.
Thanks to the generous support of our sponsor, we are now able to offer the CBOE online courses free of charge. If you register for this version of the course, your name and email address will be shared with the sponsor. If you do not wish for CBOE to provide this information to the sponsor, you may register for the fee-based version of this course instead by visiting the following page for registration instructions: Fee-Based Courses.
Please select from the links below to view detailed information regarding each course:
Basic Level Courses:
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Options Warm-up: The Language of Options and Options' Mechanics
Retail Cost—Free
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Fundamentals of Equity Options: Basic terminology, characteristics and concepts of equity options.
Retail Cost—Free
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Fundamentals of Index Options: Basic terminology, characteristics and concepts of index options.
Retail Cost—Free
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Fundamentals of CBOE Index Products: The characteristics of CBOE Indexes and related products. Learn about the OEX, SPX, VIX and NDX.
Retail Cost—Free
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Introduction to Options Basics: Basic options concepts and terminology.
Retail Cost—$50 Free!
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Profit and Loss Diagrams: Teach yourself options strategies using P & L diagrams.
Retail Cost—$50 Free!
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Investment Strategies: Options strategies for investment purposes.
Retail Cost—$50 Free!
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Covered Call Writing: The basics of Covered Call Writing
including assignment, tax implications and the Buy/Write strategy.
Retail Cost—$50 Free!
Register Now!
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Intermediate Level Courses:
Advanced Level Courses:
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Managing Stock Positions: Strategies for managing long stock positions. Various
situations are presented along with a number of possible forecasts for the
underlying stock, and strategies that best fit each forecast.
Retail Cost—$50 Free!
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Managing Option Positions: Strategies that allow you to manage, or take follow-up
action, to protect unrealized profits, or to help eliminate or reduce accrued
losses on your option positions.
Retail Cost—$50 Free!
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Trading Volatility: Various strategies including Long and Short Straddles, Long
and Short Strangles, Butterflies, and Condors. The profit and loss potential of
each strategy is examined as well as how each is related to volatility.
Retail Cost—$50 Free!
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Spreading Courses:
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Spreading I: An introduction to using spreads, including an overview of the four Vertical Spreads: Bull Call Spreads, Bear Put Spreads,
Bear Call Spreads and Bull Put Spreads.
Retail Cost—$50 Free!
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Spreading II: An overview of spreads that are utilized in very specific market conditions, such as: Ratio Spreads, Backspreads and Time Spreads.
Retail Cost—$50 Free!
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Basics of Spreading: Vertical Spreads: Detailed explanations, along with examples of Vertical Spreads.
Retail Cost—$30 Free!
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Basics of Spreading: Ratio and Backspreads: Detailed explanations, along with examples of Ratio and Backspreads.
Retail Cost—$30 Free!
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Basics of Spreading: Time Spreads: Detailed explanations, along with examples of Time Spreads.
Retail Cost—$30 Free!
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Basics of Spreading: Straddles and Strangles: Detailed explanations, along with examples of Straddles and Strangles.
Retail Cost—$30 Free!
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Basics of Spreading: Butterflies and Condors: Detailed explanations, along with examples of Butterflies and Condors.
Retail Cost—$30 Free!
Register Now!
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Options involve risk and are not suitable for all
investors. Prior to buying or selling an option, a person must receive a copy
of Characteristics and Risks of Standardized
Options (ODD). Copies of the ODD are available from your broker, by
calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North
Wacker Drive, Suite 500, Chicago, Illinois 60606. The information on this
website is provided solely for general education and information purposes and
therefore should not be considered complete, precise, or current. Many of the
matters discussed are subject to detailed rules, regulations, and statutory
provisions which should be referred to for additional detail and are subject to
changes that may not be reflected in the website information. No statement
within the website should be construed as a recommendation to buy or sell a
security or to provide investment advice. The inclusion of non-CBOE
advertisements on the website should not be construed as an endorsement or an
indication of the value of any product, service, or website. The
Terms and Conditions govern use of this website and use of this website
will be deemed acceptance of those Terms and Conditions.