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Best Options Trading Courses in 2022

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Options trading is often considered to have one of the steepest learning curves of all forms of investment.

That learning curve is not insurmountable, however, when you have a well-written options trading course under your belt.

An option is a derivative because its value is based on that of the underlying asset.

It is a contract that permits you to buy or sell the underlying asset, such as stocks and shares, at a pre-negotiated price on or before a set date. The option contract carries no obligation to buy or sell.

The trader may simply allow the contract to expire and lose their investment.

There are two types of options:

  • A ‘call’ option to buy
  • A ‘put’ option to sell

Best Options Trading Courses in 2022

Now that you know how an options trading course might benefit you and what to look for when making your choice, here are our best options trading courses in 2022.

1. Option Alpha

Pros

  • Learn at your own pace
  • Options for beginner, intermediate and advanced courses
  • No course fees

Cons

  • No instructor support

Best for: Traders with no budget
Free or Paid: Free
Self-Paced or Instructor Led: Self-Paced

These free options trading courses come in three versions, beginner, intermediate and advanced.

There is an overall course at each level, and courses on specific areas of options trading for each level of expertise too, such as Entries & Exits (beginner), Bullish Options Strategies (intermediate), and Portfolio Management (advanced).

Each course is a series of video lessons, and if you like, you may progress from the beginner course to the intermediate and then to the advanced course.

Each course varies in the number of lessons and length of course time.

If you do not want to spend any money at this stage and are happy to work through the courses with no extra guidance, then the Option Alpha free offering may well suit you.

However, if you want extra support, this is not the course for you.

Visit Option Alpha

2. Simpler Trading

Pros

  • Learn at your own pace
  • Range of course media to aid learning

Cons

  • Course requires payment to access

Best for: Traders at all levels who have a healthy budget
Free or Paid: Paid
Self-Paced or Instructor Led: Self-Paced

Another online course that offers extensive knowledge on options trading, the Simpler Trading Options 101 course, is written by experienced trader John Carter.

The course includes video lessons, recorded live trading, course slides and notes, and chat transcripts.

If you want to learn from an experienced trading professional and you can afford the $497 fee, Options 101 may suit your needs.

However, if you want a free or low cost course, Options 101 is not what you are looking for.

Visit Simpler Trading

3. Interactive Brokers

Pros

  • Learn at your own pace
  • Range of videos, readings and exercises to aid learning

Cons

  • Certificate of completion requires payment
  • Not suitable for beginners

Best for: Traders who already know about options trading
Free or Paid: Paid
Self-Paced or Instructor Led: Self-Paced

This online course is aimed at an intermediate level of trading knowledge and takes approximately 16 hours to complete.

The course includes videos, reading materials, and graded assignments and quizzes. Successful completion of the course leads to a certificate.

This course is ideal for intermediate level traders who want to improve their knowledge of options trading. However, if you are just starting out as a trader, this course is not for you.

Visit Interactive Brokers

4. SharperTrades

Pros

  • Learn at your own pace
  • Suitable for beginners
  • Range of media to aid learning
  • Certificate of completion

Cons

  • Course access requires payment
  • Won't suit those seeking more advanced content

Best for: Traders who want to return to course resources
Free or Paid: Paid
Self-Paced or Instructor Led: Self-Paced

SharperTrades offers four options trading courses at a beginner level which may be bundled together:

  • Understand options completely
  • Basic stock options strategies
  • Make and manage profitable trades
  • Complete guide to stock options

Each course costs £13.99 (or equivalent) and includes on-demand video lectures and tutorials, articles, downloadable resources, and full lifetime access to course materials.

If you are a beginner to options trading, with a medium budget, and do not need support, then the SharperTrades courses are likely to be suitable for you.

If you want a more advanced course, however, it might be best to look elsewhere.

Visit SharperTrades

5. Skillshare

Pros

  • Available on web and mobile
  • Learn at your own pace
  • Subscription offers access to multiple courses

Cons

  • Requires paid subscription to access

Best for: Traders who want a platform that offers multiple trading courses for one fee
Free or Paid: Paid as a subscription to Skillshare
Self-Paced or Instructor Led: Self-Paced

This course consists of 11 video lessons. It is available once you subscribe to the Skillshare platform, offering the chance to return to the course material as long as your subscription is in place.

The main benefit of this course is the availability of other trading courses on the Skillshare platform once you subscribe. The main downside is the limited educational material in this course.

Visit Skillshare

6. Hari Swaminathan on Udemy

Pros

  • Learn at your own pace
  • Range of media and useful examples to aid learning
  • Certificate of completion

Cons

  • Requires payment to access

Best for: Traders who are just starting out
Free or Paid: Paid
Self-Paced or Instructor Led: Self-Paced

This Udemy course, written by Hari Swaminathan, offers an extensive level of knowledge and specific zones in on call and put options.

This online course includes on-demand video lessons and downloadable resources.

The course is accompanied by a certificate of completion and lifetime access to course resources.

There is also a more advanced options trading course written by Hari Swaminathan called Advanced Options Analysis

Visit Hari Swaminathan on Udemy

7. Options Strategies Insider

Pros

  • Learn at your own pace
  • Range of media and quizzes to aid learning
  • Choice of membership levels to suit beginner and advanced traders

Cons

  • More advanced membership levels require payment

Best For: Traders who want to learn from an experienced options trader
Free or Paid: Both options are available
Self-Paced or Instructor Led: Self-Paced

Written by trader Chris Douthit, Options Strategies Insider offers options training at all levels of expertise as part of a membership arrangement.

There are four membership levels:

  • Free – Access to the beginner and intermediate options courses
  • Executive – The above plus access to the advanced options course
  • Ultra
  • Lifetime

Whichever level of membership you choose, you also gain access to a multitude of resources and tools in addition to the courses.

The courses include animated video tutorials and quizzes.

The main benefit of learning through Options Strategies Insider is the opportunity to take up a trading membership that will offer you access to a whole host of resources and material, including a member forum.

However, if you just want a course, then the Options Strategies Insider offering may be a step too far.

Visit Options Strategies Insider

Best Options Trading Courses in 2021
Best Options Trading Courses

Three Main Advantages to Trading Options

So, why would you trade options instead of simply buying shares, commodities or any actual trading asset?

There are three main advantages to trading options instead of the underlying asset:

1. More Cost-effective

Purchasing an option will cost you less money than buying the equivalent amount of the underlying asset.

For example, if you bought 100 shares priced at $25, you would pay $2,500.

However, if you purchased an option for the same where the premium is $10 and the contract is for 100 shares, you would only pay $1,000.

2. Lower Level of Risk

Options trading can carry a lower level of risk because of the smaller investment (in comparison to buying an equivalent amount of the underlying asset) and the setting of the value to buy or sell at a particular price regardless of market behavior.

3. Higher Returns

The potential for earning a higher return is created by the simple fact that your investment in purchasing an options contract is lower.

You spend less, so you put less money at the risk of loss.

You might also be interested in The Best Stock Trading Courses in 2021

What to Look For in an Options Trading Course

There are many options trading courses available, so what factors should you look for when choosing the right course for you?

Covers the Fundamentals of Options Trading

Options trading can be a difficult topic to get your head around, so it is important that any course you take covers the basics of this form of investment.

By the end of the course, you should be in no doubt as to exactly how options trading works, what the benefits and risks are, and how best you can use this strategy to your advantage.

Real-life Simulations

A real-life market simulation is an online tool that allows you to practice your trading skills without investing real money.

The best options trading courses will offer access to real-life simulations so that you can not only practice your trading but also use real-life scenarios to understand how options trading fits in with trading in general.

Affordable

You will find both free and paid options trading courses on the market. As a starting point, you might like to choose a free or lower priced course to get your footing in the subject matter.

If you feel you need to learn more after that, a higher priced course may offer further and more detailed insight.

Taught by Industry Professionals

A course taught by an industry professional, for example, an individual who is qualified to talk about the topic of options trading and also has experience in the area, is more likely to offer you the in-depth and informed knowledge you need.

Self Paced

As you will generally be fitting your course around your day job, it is probably more helpful to take a course that is self-paced.

Only consider signing up for an options trading course that has a strict schedule and deadlines if you can adhere to them.

Be realistic about how much study time you can commit to each week.

How to Get the Most From Your Options Trading Course

Once you decide which options trading course to take, here are our tips on how to get the most out of it:

  • Check what you have learned at the end of each course section. If you are unsure about any element, go over it again

  • Take full advantage of any resources and tools included in the course

  • If you can revisit course material and resources, do it. If access is online, bookmark it for future reference

  • Do not choose a course that demands a greater time commitment each week than you can manage

  • Before you dive into options trading, do the sums on paper first or use a demo account to check your knowledge

Frequently Asked Questions

If you are completely new to options trading and options strategies, the Udemy course is a great way of learning the very basics. It offers packages on options trading basics which includes a three-course bundle.

It also offers newcomers complete training on option spreads and how you can integrate options trading into your credit spread.

Option Alpha is one of the best comprehensive courses available as it offers three guided tracks that are catered towards beginners, intermediate-level traders and advanced operators.

Udemy is one of the best trading courses for beginners because of its novice packages.

One of these is the SharperTrades LCC which has a total of 148,006 students enrolled in the program. Option Strategies Insider also offers a comprehensive beginner's course for free.

Under this package, you will have both beginners and intermediate knowledge of options trading strategies, webinar training and an FAQ database so you can learn about challenging theories quickly.

Because most trading is done online, it is difficult to locate trading courses that are offered in person. However, this is not to say they do not exist.

The Stock Whisperer is a community-based platform where users interact with each other on their trading information.

Stefanie Kammerman, the founder of The Stock Whisperer, offers a two-week boot camp for anyone interested in learning trading from day-trading consultants. Another example is the London Academy of Trading.

This offers free courses and specialist financial courses that will educate students on options trading.

If you are looking to pursue trading as a career, the strongest route is through university programs dedicated to finance and economics.

Sometimes a book is a great way to learn the ins and outs of options trading. Some great texts on trading include Options Trading Crash Course by Frank Richmond which is a great resource for absolute beginners.

Richmond’s book aims to get readers into trading in the space of seven days. Another choice is Options as a Strategic Investment by Lawrence McMillan. This text is considered a classic in options trading and will give you some of the best insights into index trading options, market fluctuation and volatility, and information on hedge funds.

Here at Wikijob we offer expert research and insights into trading and options trading. However, if you are wanting to broaden your knowledge even further, Investopedia.com is a great resource to learn about stock trading and options trading.

Stockbrokers.com also offers good popular guides and insightful reviews on some of the biggest trading markets. Forums like Quora and Reddit are also helpful as it is community-based information to which you can contribute.

Simpler Options 101 is a great paid resource that offers all the fundamental knowledge you need to reach an advanced stage.

Its e-learning module is priced at $497, and you will learn about the fundamental concepts of options trading, including a two-day recorded live trading exercise. This will allow users to directly integrate the skills they have learned.

Simpler Options 101 also offers a range of mastery courses so you can become specialized in one area.

YouTube is the home of some of the best information on options trading, and most of the videos are completely free. It is hard to know which courses are legitimate and worth your time.

The users Projectfinance and 2ndSkies Trading are great for beginners and those wanting insight into market fluctuations. Sky View Trading is also a great resource because of its bitesize videos.

You can jump in and out of different options trading concepts without having to stress about sitting for hours.

The videos on Skillshare are broken down into digestible segments so you can take in the information easily. They are mostly run by the content creator David Eaves who has over five years of options trading experience.

The videos are tailored for beginners, and they are easy to follow. However, the content is limited. Skillshare’s videos on options trading are ideal for anyone wanting a crash course.

Udemy offers a wide range of courses for both beginners and experts. They are also reasonably priced, so you do not have to put down a big payment to get the information you need to start trading.

For beginners, the best courses are ‘Options Trading in plain English for Beginners’ and ‘Options Trading for Rookies: Complete Guide to Stock Options'.

If you are looking for something that caters to more specialized strategies the courses ‘Advanced Options Concepts – Probability, Greeks, Simulation’ and ‘Master Iron Condors – Double the Credit for Half the Risk’ are great for giving you that expertise.

Final Thoughts

Options trading can be highly profitable, but getting your head around the strategy and terminology can be difficult to begin with.

The right course will equip you with the level of knowledge you need to move into this area of trading.

WikiJob does not provide tax, investment, or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal capital.


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