Check Out Our Options Videos

Duane covers the basic principles of the call option and shows you how to analyze it through a risk graph.

Duane talks about the Back Ratio and how it changes over time.

Morris talks about the Butterfly spread, the Greeks, probability and some adjustment concepts.

Morris talks about the importance of analyzing risk as accurately as possible in this lesson.

We take a closer look at the Iron Condor and Butterfly spread and discuss the similarities and differences.

Morris converses about the Condor, the left and right side behavior when trading the RUT, and some adjustment ideas.

We discuss the directional and volatility risk in this lesson on the Iron Condor.

In this lesson we talk about the probability of the Condor and various styles it can be constructed.

Morris demos the Visual Builder, the Risk Analyzer and the SJ Scanner in this demo.

"Why Trade Options" is an introduction to option trading. Duane discusses various ways that options are commonly used, pointing out the pros and cons to various strategies and why we trade options in general.

"What Are Options?" is a quick video describing options and how they work. It is a basic class to help those who have no options knowledge or experience. While options might seem confusing, we will be breaking down their usefulness into a series of short videos, so please follow along as we add more as time goes by.

By: Morris Puma

This is a tutorial on technical analysis. We look at Head and Shoulder patterns and notice that we are forming one right now in the market on the RUT.

DvegaDtime is a very important Greek to understand. It tells us how our Vega position is changing through the passage of time. Is your Vega position becoming more negative or positive? Find out more in this class.

By: Morris Puma

Vanna makes for a very interesting discussion. Vanna is a second order Greek that has been given 2 separate roles. She expresses Delta's sensitivity to the changes in IV and also measures the rate of change of Vega on the option chain.

By: Morris Puma

Understanding Vomma is one of the most effective ways to improve your option trading. The reason it's so important is that it can prevent you from losing over market crashes and even put you in the position to profit from them.

By: Morris Puma

Charm is the second order Greek that describes how our Delta position is changing over time. This is an important concept to understand when it comes to dynamic hedging and planning for next week to months out into the future.

By: Morris Puma

In this short class we talk about a Greek of Delta which is known as Gamma. Gamma is the most well-know second-order Greek. Learn the basics of it in this class.

By: Morris Puma

This is the first class of 6 on the hot topic of Second Order Greeks. This is a fascinating subject. Having a deep understanding of second order Greeks can propel your option trading to a higher level. Learn about it here.

By: Morris Puma

Learn about the risk and reward involved with trading option weeklies using the Calendar Spread strategy on the popular cash Indexes.

Gary talks about he began with Investools and then how his education with us at SJ Options has helped him put all the pieces together.

David has been trading for about 15 years, but in the past what he learned were directional Vertical trades. He comments how our strategies are much less risk than what he has seen in the past.

Hector has taken just about all the options courses on the market, but he quickly sees that we are teaching something very different and with less risk that what is normally being presented. Although he has had a lot of previous education, our live seminar was still advanced for him. It just goes to show you how high of a level SJ Options has become over the years.

Cory, a Series 3 Commodities broker with 20 years trading experience, enjoyed the innovative ideas that we presented at our 2-Day Seminar / Workshop.

Duane reviews our seminar and then cracks his joke about the Gray Swan.

Miguel talks about his previous option trading learning experience and gives us his perspective on the SJ Options Course.

By: Morris Puma

Learning to trade with volatility instead of against it can greatly improve your option trading. Watch this video to learn the basics of IV and how it reacts over different market conditions and how to apply the knowledge in the architecture of your option spreads.

By: Morris Puma

In this video we compare the Option Greeks of the industry standard Iron Condor to a couple of our strategies. We demonstrate very clearly how our strategies are: 1. Safer. 2. Produce Higher Returns. 3. Have a wider range of Theta. 4. Lower Gamma. 5. Have a much higher probability of profit. Overall, in this video it's very clear to see that our strategies are far superior to the strategies of our worthy competitors.

By: Morris Puma

Morris demonstrates the weakness of the Iron Condor and what happens to the expiration Profit and Loss graph as we make adjustments to this trade. It doesn't have the architecture that welcomes adjustments. Each time we do it lowers the "bar" until finally, we can't make anything at all. In our course you will learn a completely new way to think and trade the market. Learn how to "raise the bar" on all of your trades instead of locking in losses like an ordinary option trader does.

By: Morris Puma

Morris gives a little history of San Jose Options and talks about the progress we've made year to year with our option strategies. At the end of the video he gives our current P/L update.

By: Morris Puma

In this class we discuss the pros and cons of At The Money Butterflies and OTM Broken Wing Butterflies. Learn how a Broken Wing can be used to benefit from a Bullish Market while adding safety in case you are wrong on the direction of the trade.

By: Morris Puma

In this class on High Probability Credit Spreads you'll learn how to construct the trade and also how to recognize the risk involved. We discuss the Option Greeks, Bull Put Spreads and Bear Call Spreads.

By: Morris Puma

This is the first 10 minutes of a real class with our mentor Duane. He discusses the RUT and RVX with our students and goes over technical analysis.

By: Morris Puma

Learn how to calculate a more accurate Vega reading on a Calendar Spread by using our "Vega Multiplier" concept. This is a very important step to understanding options at a deeper level. We recommend that you watch the previous video on Vega Multipliers before watching this one.

By: Morris Puma

We take a look at the RUT price chart and see how the market has moved up 17% over the last month. Does it really make sense to put our spreads right at the money? Adjustments can help, but they can never remove the embedded risk in these trades. We also take a look at the 360 Tool by Think or Swim and see how this can help you see if you are getting a fair price on your trades. It's a great idea to look at the skews before making trades with real money. We do some back-testing also and see how an Iron Condor over the last month would be down about 20% if no adjustments were made. If adjustments were made, there is no guarantee it would be any better since the market has been whipsawing back and forth. Finally we see that our student paper account is over $51,000 of profit this year. This video was made on 10/07/10

By: Morris Puma

As 2010 comes to an end we reflect upon the year and show our totals on the different Follow Alongs we are presenting to our clients. The Aggressive account is up about 20% over 6 weeks. The IRA is up about 8% over 7 months. The Portfolio Margin account is up 48% over about 10 months. The IRA and the PM account both went through the "Flash Crash." This video was made on 12/28/10.

By: Morris Puma

Learning about the Vega Multiplier System developed by San Jose Options can greatly improve your option trading. Our adaptive system allows us to calculate a truer Vega position for our trades. Is a Calendar spread really such high Vega? Take a look inside and find out...

By: Morris Puma

Duane gives an overview of the most popular option trading strategies: Naked Puts, Credit Spreads, Double Calendars and Iron Condors. He points out the risk involved with these strategies and why they may not work so well in volatile markets.

By: Morris Puma

The Widget 360 by Think or Swim has some very useful features for option traders. Learn how to demystify P/L skews that occur on a daily basis in this class.