Do you have to spend thousands of dollars to learn how to trade options?
You can learn valuable options trading strategies for free.
Some of the top options trading coaches today offer a variety of free resources to help you get started.
From detailed blogs with step-by-step instructions to comprehensive YouTube videos with real-world examples, there are many ways to learn options trading for free.
You can start to build your knowledge of options trading or add to what you already know by checking out these top four free options trading education sources.
David Jaffee’s online options trading course provides a complete guide to learn how to trade options.
But, if you are not ready to invest in his online course or real-time trade alerts, you can start with his free resources.
David Jaffee of BestStockStrategy.com has made a name for himself as a tell-it-like-it-is options trading coach.
You won’t find sugarcoated tips and tricks or get-rich-quick schemes on David Jaffee’s blog or YouTube channel.
Instead, David Jaffee teaches you how to earn a consistent profit selling options.
Students who implement David Jaffee’s strategy earn about 40% on average each year.
David Jaffee is also the only options trading coach to share his full trading statement, backing up his successful strategy with real results.
His YouTube channel is frequently updated with reviews of other options trading courses and gurus, so you know what you’re getting before you spend your money. You will also find real-world examples of David Jaffee’s options trading strategy used to win every trade.
In addition to his blog and YouTube channel, you can receive more than $400 worth of training for free just by signing up for David Jaffee’s newsletter at BestStockStrategy.com.
When you are ready to invest in your options trading education, you can take David Jaffee’s online options trading course and subscribe to his real-time trade alerts here.
2. Real P&L (Karl Domm)
Karl Domm and his Real P&L YouTube channel is one of the select few options trading resources to receive a positive review from David Jaffee.
Students who utilize the informational options trading videos on the Real P&L channel can expect to earn about 15% to 20% each year.
You can also reduce your risk and mitigate portfolio volatility by following this options trading program.
Karl Domm's system outperforms in market crashes because it's not directional.
Students earn profits from theta decay and by banking on the fact that actual volatility is almost always less than expected volatility.
During times when actual volatility is more than expected volatility, the Real P&L system protects its users via an additional long put option that enables traders to profit during market crashes.
Karl Domm also offers a paid options trading course. You can enroll in the 5 Step Options Trading Success Program here.
Some students have found considerable success by combining the knowledge learned in David Jaffee’s options trading course and Karl Domm’s program.
If you just want to learn the basics of options trading, Tastytrade provides a simple overview.
Get a glimpse into the world of options trading without investing a lot of money and determine whether or not you are interested in trading options by utilizing Tastytrade’s free resources.
While Tastytrade provides a considerable number of free educational opportunities for beginners, their overall methodology and option trading strategy are flawed.
Tastytrade encourages traders to “trade often.” They also teach you to indiscriminately trade strangles on liquid, high IVR stocks.
Those who follow the exact Tastytrade methodology will have many of their trades challenged.
Traders will need to modify the Tastytrade methodology to protect against large drawdowns and ensure consistent profits.
Overall, Tastytrade is a great, free options trading education resource to learn simple and basic options trading. However, it is best paired with the more successful strategies and resources on this list.
ProjectOption offers a slight step up from Tastytrade because Chris Butler has modified the Tastytrade methodology and improved it.
Traders are not encouraged to trade often through ProjectOption.
While still not optimal, ProjectOption is a great resource for beginner options traders.
The site provides several free guides on the basics of options trading and strategies.
By using the free resources from ProjectOption, you can build on your foundational knowledge of options trading.
Conclusion: Top 4 Free Options Trading Resources
I hope you enjoyed the top 4 free options trading education resources guide.
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