Best Options Trading Course 2020
What is the best options trading course available right now? This top 5 of the best option trading courses reflect my absolute favorites. Enjoy options trading courses along with live-trading events, well-explained options strategies, and trading room access.
What makes this list special? I have access to all of those programs and provide insights-perspectives instead of general descriptions. Only options trading courses with outstanding options trading strategies and exceptional trading results make it to the list.
But now, let's get straight to the list of the five best options trading courses.
Transparency: When you buy certain products from some of the sites which we link to, we may earn a small share of the revenue.
1. Weekly Money Multiplier
When it comes to options trading education, then Nathan Bear still sets the bar for me. He makes it so easy to get started with low-risk options trading strategies. Besides an extensive archive with hundreds of educational lessons, video tutorials, and explainer videos, Nathan teaches live and answers questions of subscribers to his service.
Nathan Bear won one of the Millionaire Roadmap challenges a few years ago and followed Jeff Bishop as the new leader of the Weekly Money Multiplier service. His trading technical analysis based strategy called TPS Method is easy to understand, and he trades live and in real-time while sharing his trading screen with subscribers.
Another benefit is that his trading platform TD Ameritrade and stock screener Finviz are available to most traders in the world to copy his approach directly. Finally, he only trades options based on large-cap stocks. Therefore it is possible to replicate his trades easier than it would be for options based on penny stocks.
You will find all the details, including an inside look to the course within my detailed review about Weekly Money Multiplier.
- Weekly live educational events
- Hundreds of recorded educational videos
- Morning briefing and in-depth position analysis
- Low-risk trading strategies with options
- Applies his favorite setup to all time-frames
- Live trading with Nathan via screen share
- Advertisement emails for other services can be annoying if not turned off in the client dashboard
Felix Frey is one of the most experienced options traders. He has a Bachelor of Science in Finance from Wharton School, University of Pennsylvania, worked seven years as executive director equity derivatives for Bank of America and various other companies in the sector. For over 20 years now, he is trading options on Wall Street, and in October 2018, Felix founded his options trading service called Optionsgeek.
On Monday, March 11th, 2019, Felix presented his course and market insights during the Moneyshow TradersEXPO in New York. His track record is well documented, and he continuously beats the average market performance with 3-digit and sometimes even 4-digit gains.
His approach to options trading can be defined as simple to follow and easy to understand. Instead of using complicated options greek formulas, he simplifies options trading with his unique approach. Felix offers a free membership and provides access to the free membership resources:
- The Starting Block
- The Options Challenge! Are You a Beginner?
- 7 Must-Know Concepts Before Learning Options
- Bonus - Step #1: Value
- Options Myths
The information provided is extremely valuable easy to understand. In April 2020, Felix Frey was also a presenter at the Benzinga Options Trading Bootcamp, which underlines that he runs a legitimate and trustful service.
Please, read the detailed OptionsGeek Review for more performance insights and background information.
- Focused on options trading education
- Well experienced instructor that knows options insight out
- Amazing track record since inception
- Free resources for a sneak peek available
- Subscribers gain access to his new options chain tool
- Winning option picks subscription option (2-4 trading picks weekly)
- 1-on-1 coaching with Felix available
- Focuses on low-risk strategies while trading options
- No screen share
- 3 Steps to Profit Options Trading Education Package (Bonus: 1 Month Winning Picks included)
- Winning Picks Monthly (Bonus: Free Build Your Plan Guide)
- Winning Picks Annual (Bonus: $1,794 off)
3. Black Box Stocks
When it comes to community aspects, the Black Box Stocks comes into play. Black Box Stocks is a trading service that covers by far more than options trading. First of all, they provide a market scanner with real-time analysis of market movements. The scanner screens the stock market for momentum plays and also the options market for unusual options activity. Also, subscribers gain access to their web-platform, Discord channel, and finally to the private Twitter group.
Subscribers get a bit of everything with various head-trader who are posting live-trades, the opportunity to chat with other traders, and market insights by using their market scanner. Black Box Stocks is around for many years now, and they are growing steadily. They offer free classes for members with detailed educational aspects about:
- Basics of stock trading
- Basics of options trading
- How to trade using blackboxstocks
All of this is done during the BlackBox Bootcamp, a 3-hour live webinar for new traders. It is offered twice a week, and a detailed curriculum is available on their website. Recently, I wrote an in-depth review about Black Box Stocks covering all angles of the options service with courses, strategies, and trading room access.
- Unique mix of stock screener, options scanner, trading ideas, and community access
- Options and stock trading courses and strategies
- Free online trading course Bootcamp for subscribers
- Free integration of The Fly on The Wall news
- Not purely focused on options trading
- No extended archive with educational resources available
- Monthly Blackboxstocks subscriptions 20% off (applied automatically under join and then billing and review)
- Annual Blackboxstocks subscriptions 20% off
4. Dollar Ace
If you are prepared for a wild ride, then Kyle Dennis' Dollar Ace is right for you. Kyle and his team developed an options scanner to scan for unusual options activity. The scanner is active all day long, and in a second step, Kyle filters out the options play with the highest probability of success.
Similar to Weekly Money Multiplier and Optionsgeek, Dollar Ace uses low-risk options strategies too. He also trades calls and puts on the long side. Kyle is never selling options for the premium received, which would be considered as high risk. Instead, he focuses on options that cost less than $1 at the moment he buys them. He aims for 3-digit profits with each trade, which gives him a risk-reward ratio of 1:1 and better.
Even if the overall risk of buying calls and puts is similar to the approach of Nathan Bear and Felix Frey, Kyle's strategy is riskier too.
The reason lies in the nature of his strategy. Besides his limitation for the price per option, he also trades short-dated weekly options, and sometimes those options are traded thinly since they are based on low-float stocks or penny stocks.
That sometimes makes it challenging to copy the trades for the same price Kyle does. On the other hand, Kyle also steams his portfolio via screen share and sends out a Watchlist for each day before the market opens. This way, the service is transparent, even if the method goes along with a bit higher risk. Anyway, if you are looking for the best options trading course, then live-trading aspects should not be the main focus. Instead, the courses itself should be the focus. And there, Kyle has less to offer than the services Weekly Money Multiplier and Optionsgeek since the material provided is not as extended as with the other services mentioned above. Check out my review about Dollar Ace for more background information and insights.
- Risk per option $1 and lower
- Subscribers with lifetime access can use Kyles scanner
- Only long calls and long puts traded
- Live screen share with all subscribers
- Option trade alerts sent to all subscribers
- Access to the scanner is now available to subscribers via live-stream
- Options trading courses and education not the focus of the service
5. Weekly Windfalls
I was thinking about it a long time whether or not to add this service to my top 5 list. Finally, I decided to do so, and here is why. Jason Bond is one of the most controversially discussed trading educators for over a decade now, and he is mainly being known for his service Jason Bond Picks. At Jason Bond Picks, Jason is primarily trading penny-stocks and small-caps. He is successfully doing that for many years now and donated his profits made in his trading portfolio to various charities in the past couple of years.
In 2019 Jason launched his new service called Weekly Windfalls and promoted it with The People's Shark Daymond John. His performance since inception is diverse. While he made incredible profits from inception until the market shakeout in March and April 2020, those profits were followed by massive losses. In total, Jason is still in profit since inception, and since markets are less volatile again, his portfolio grows again as well.
Jason shares his trading screen with Weekly Windfalls subscribers and sends out a pre-market email with a summary of current positions and his primary intention for the coming day. Jason is also transparent about his performance during difficult times, which brought me to the decision to add Weekly Windfalls to the list.
There are ups and downs in the markets. Any good and trustful trader commits to both - his profits and losses. That's important to all subscribers and especially an excellent lesson to beginners. The trading world is not as easy as some advertisements suggest. Losses are part of the game, and only traders survive who apply proper risk management.
The more transparent a service, the better for the subscriber. And that's something that all mentioned services have in common. They are all transparent, some use screen share to offer transparency, others write in-depth email about their trading days, others cover it during their options trading course.
- Traded options are based on high-liquid stocks like Netflix, and Amazon
- Video archive with educational videos
- Live trading sessions
- Portfolio shared with subscribers via screen share
- Option strategy more complicated and risky if done wrong
Trading options is easier than it sounds if the best option trading courses are chosen. Like in any profession, education sets the foundation for growing the experience level, self-confidence, and, finally, the account. The same general rules of investing and trading apply like in any other related segment.
The costs for courses, strategies, and education packages on trading options should be kept as low as possible while at the same time without sacrificing quality. Be careful and use your head if you see promotional material where $100,000 of profits are promised, along with the promise that there is absolutely no risk.
Trading and investing means taking risks to gain capital over proportionally. People claiming that they never have a negative trade don't tell the full truth. Define which kind of transparency level you prefer that can be live-trading, or time-stamp based messages and alerts.
Also, if you are looking for a trading course, then use the trading course provided. I have access to so many courses and talked to many educators too. All tell the same story, often their subscribers directly start to trade with real money instead of going through the educational material. What would happen if a someone would begin with a surgery immediately without education? And the same goes for trading options successfully.
At first, you need a proper education, and you need to understand the market perspective of your educator. You also need to practice what you learned on paper, and then finally, you need to make progress in small incremental steps growing your account steadily.
Especially Weekly Money Multiplier, Optionsgeek, and Black Box Stocks are the three services in the top five that do their job as educator over proportionally good. They are pointing out where the pitfalls are and how the real-life of being a trader is.
Best Options Trading Course Questions and Answers
- How do I get good at options trading?
- What is the best option strategy?
- How long does it take to learn options trading?
- Can you get rich trading options?
- Which option trading course is best?
How do I get good at options trading?
To get good at options trading, you need to start with proper education. This can be free YouTube resources or paid courses from successful providers with a proven track record.
What is the best option strategy?
The best option strategy is to keep the overall risk as low as possible by buying calls and puts. Selling calls and puts naked is the whole opposite and the riskiest strategy.
How long does it take to learn options trading?
It takes about 3 to 6 months to learn options trading from scratch. First, you need to understand the theory, and then you need to practice order placements and finally start trading options.
Can you get rich trading options?
You can get rich trading options when all risk-management rules are applied correctly. The leverage provided by options trading makes high income with low capital possible.
Which option trading course is best?
The best options trading course provides easy to understand learning material, proven success provided by the educator, and short term subscription at low costs.