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Coursera

Advanced Options: Spreads, Volatility & Profitable Trades

via Coursera

Overview

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This course teaches advanced options trading strategies, emphasizing the importance of leveraging spreads, straddles, and complex combination trades. Participants learn to adapt techniques to varying market conditions and maximize profit potential. Learners enhance practical skills by analyzing ETFs, sector trends, and volatility indicators. Structured examples and exercises allow participants to execute trades confidently and manage multifaceted positions. The course uniquely blends theory with real-world application, offering actionable guidance on both trending and sideways markets. Quizzes and case examples reinforce strategic thinking and decision-making. This course benefits intermediate to experienced traders seeking to refine strategy and execution. Prior knowledge of basic options trading concepts is recommended for full comprehension. This course is part three of a three-course Specialization designed to provide a comprehensive learning pathway in this subject area. While it delivers standalone value and practical skills, learners seeking a more integrated and in-depth progression may benefit from completing the full Specialization. This Specialization is based on the book Options Trading For Dummies, by Joe Duarte. From Options Trading For Dummies Copyright © 2026 by John Wiley & Sons, Inc. All rights reserved, including rights for text and data mining and training of artificial technologies or similar technologies. Used by arrangement with John Wiley & Sons, Inc.

Syllabus

  • Combination Strategies: Spreads and Other Twists and Turns
    • This module delves into advanced options trading strategies, including collars, vertical spreads, calendar spreads, and diagonal spreads. Learners will discover how to combine options and stocks to manage risk, generate income, and optimize profit potential in various market conditions.
  • Understanding ETFs, Options, and Other Useful Tricks
    • This module introduces the fundamentals of exchange-traded funds (ETFs), their comparison to indexes, and the strategic use of ETF and index options. Learners will explore how ETFs can be leveraged to reduce portfolio volatility, generate income, and implement sector tilts for enhanced investment outcomes.
  • Making Money without Worrying About the Market's Direction
    • This module introduces delta-neutral trading strategies, focusing on how to construct and manage straddles and strangles to profit regardless of market direction. Learners will analyze risk profiles, calculate position deltas, and explore trade adjustments to maintain neutrality in uncertain markets.
  • Letting Volatility and Price Charts Show You the Way to Trading Opportunities
    • This module explores how implied volatility, volatility skews, and price charts can be leveraged to identify trading opportunities in options markets. Learners will compare ratio spreads and ratio backspreads, understand their risk profiles, and discover optimal market conditions for each strategy. By the end, you'll be able to recognize and apply these advanced options strategies to real-world trading scenarios.
  • Trading Profitably When Markets Move Sideways
    • This module introduces options strategies such as butterflies and condors designed to generate income and manage risk during sideways market conditions. Learners will explore the mechanics, benefits, and trade-offs of these strategies, including covered calls and iron butterflies. By the end, you'll be able to recognize and implement structured approaches for profiting when markets lack clear direction.
  • Ten Top Option Strategies
    • This module introduces a variety of limited-risk option strategies, guiding learners through their structure, risk management, and optimal market conditions for use. Participants will gain practical skills in designing and evaluating trading plans to improve consistency and decision-making in options trading.
  • Ten Dos and Don'ts in Options Trading
    • This module guides learners through essential best practices and common pitfalls in options trading, emphasizing risk management, emotional discipline, and continuous learning. By examining real-world scenarios and practical advice, participants will develop a more resilient and adaptable trading approach.

Taught by

Wiley Skills Network

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