This course offers a real-life case study on managing a bullish to neutral options portfolio. It focuses on adjusting existing positions, optimizing risk, and maintaining profitability using strategies like short strangles, selling puts, and selling calls. The course teaches portfolio management through live market scenarios and practical examples.
Welcome to the Real-Life Case Study: Managing a Bullish to Neutral Options Portfolio. This course is designed to take your theoretical knowledge from Option Portfolio Level 20: Optimizing Portfolio and apply it to practical, real-life scenarios. Here, we will focus exclusively on the management of a pre-existing options portfolio, using real market examples to demonstrate how to effectively maintain, adjust, and optimize positions under a bullish to neutral market assumption.
In this course, we’ll guide you through the hands-on process of managing an options portfolio that includes strategies such as:
The positions have already been created, so our focus will be entirely on managing these positions as the market evolves. You will see real-life market conditions in action and learn how to adjust for factors such as market direction, volatility, and time decay.
This course is designed for traders who already have a solid understanding of creating options positions and are ready to take the next step into effective portfolio management. If you’ve already gone through the Option Portfolio Level 20: Optimizing Portfolio course, you’re in the right place. This case study is the next logical step, designed to enhance your practical skills and deepen your knowledge of portfolio management.
By the end of this course, you will:
This course consists of 15 lessons, each focusing on different aspects of managing a bullish to neutral options portfolio. Each lesson will build on the previous one, gradually enhancing your portfolio management skills through case studies and real-life market examples.
To begin, make sure you are familiar with the core concepts covered in the Option Portfolio Level 20: Optimizing Portfolio course. This case study assumes that you already have the foundational knowledge of options trading and are ready to focus on real-world management of a live portfolio.
Click Start Course to begin the first lesson, where we analyze the current portfolio setup and begin the journey of managing our bullish to neutral positions.
If at any point you feel the need to revisit the basics of portfolio creation or optimization, you can return to the full Option Portfolio Level 20 course here.
Let’s dive in and get hands-on with managing this portfolio!
Review the overall portfolio’s Delta, Theta, and Vega exposure. Discuss how these positions align with the current market conditions and the bullish to neutral assumption.
Dear Students,
Welcome to Options Portfolio: Level 20 – Optimizing Portfolio! Before diving into this advanced course, we want to ensure that you are well-prepared to maximize your learning experience.
Here’s what you need to know before taking this course:
Basic Options Knowledge: You should already have a solid understanding of the foundational concepts of options trading, such as buying and selling calls and puts, as well as basic strategies like covered calls, vertical spreads, and iron condors. If you're unfamiliar with these concepts, we recommend taking our Introduction to Options Trading and Intermediate Options Strategies courses before enrolling.
Familiarity with the Greeks: A strong grasp of the key Greeks—Delta, Theta, Vega, and Gamma—is essential. This course will dive deeply into how these Greeks impact your portfolio, especially when beta-weighted. Make sure you're comfortable with how these metrics measure risk and reward in your positions.
Experience with Options Trading Platforms: You should be familiar with navigating advanced options trading platforms such as Thinkorswim or Tastyworks. The course includes practical, hands-on demonstrations where you'll be optimizing your positions in real-time on these platforms.
Risk Management Fundamentals: Understanding risk management is key in options trading. This course assumes that you have experience with managing risk through position sizing, stop losses, and hedging strategies. If you need a refresher, we suggest reviewing our Options Risk Management 101 course.
Understanding of Beta-Weighting: Beta-weighting is a core concept in this course, and while we will review it in detail, it’s helpful if you’ve already encountered this idea. Beta-weighting allows you to manage risk across multiple positions by comparing them to a benchmark, such as the S&P 500. If this is a new concept to you, please review any introductory materials on beta-weighting.
Mindset for Advanced Strategies: This course is geared toward advanced traders who are ready to implement and adjust complex strategies, manage multiple positions simultaneously, and optimize portfolios for various market conditions. Be prepared to think strategically, act dynamically, and engage with the material at a high level.
By ensuring that you meet these prerequisites, you will be well-positioned to succeed in Options Portfolio: Level 20 – Optimizing Portfolio. We are excited to guide you through advanced portfolio management techniques and help you achieve consistent success.
Best of luck and see you in the course!
Best Regards, Options America Team
