Description

Options Advanced Pattern Research is an advanced online options trading course focused on options mechanics, multi-leg strategies, directional structures, volatility-based approaches, portfolio protection, and advanced contract combinations.

The course begins with a structured review of options contracts and the mechanisms that influence how options positions function. You will also learn how to navigate a broker platform and understand the practical components involved in building and managing an options strategy.

Throughout 28 focused video lessons, you will study a broad range of options strategies, including covered calls, protective puts, straddles, strangles, butterfly spreads, iron condors, iron butterflies, calendar spreads, diagonal spreads, vertical spreads, collars, ratio spreads, backspreads, synthetic positions, Jade Lizard structures, diagonal straddles, and risk reversals.

The curriculum examines how different strategies may be structured around directional expectations, volatility, time decay, income generation, hedging, and predefined risk. You will learn that strategies with similar names can have very different risk profiles depending on strike selection, expiration, contract quantity, and whether options are bought or sold.

Dedicated lessons cover bullish, bearish, neutral, and volatility-focused structures. This helps students compare strategies designed for rising markets, declining markets, range-bound conditions, expected volatility expansion, or potential portfolio protection.

The objective of the course is to help students move beyond isolated call and put purchases and develop a more structured understanding of how multiple options contracts can be combined to create specific payoff profiles.

Course overview

28 advanced video lessons
Approximately 2 hours and 50 minutes of educational content
Advanced options terminology and contract mechanics
Broker-platform functionality and strategy construction
Income, protection, directional, and volatility-based strategies
Vertical, calendar, diagonal, butterfly, and condor spreads
Synthetic positions and multi-leg combinations
Bullish, bearish, neutral, and hedging structures
Strategy comparison and payoff-profile research
Options broker considerations and practical information
Online, self-paced learning

Important: This course is provided for educational purposes only and does not constitute financial, investment, or trading advice. Options are complex financial instruments. Options buyers may lose the entire premium paid, while certain options-selling and multi-leg strategies may involve substantial or theoretically unlimited losses. No strategy, payoff structure, or analysis method can guarantee profitable results.

What You’ll Learn

Review how options contracts, strike prices, expiration dates, premiums, and underlying assets work together.
Understand the mechanisms that influence the construction and behavior of multi-leg options positions.
Navigate the principal functions of an options broker platform.
Understand how a covered call may combine a stock position with a short call option.
Study how protective puts may be used to define downside protection for an underlying position.
Compare straddles and strangles as strategies associated with volatility and larger price movements.
Understand how butterfly spreads create a defined payoff structure using multiple strike prices.
Study the structure, potential reward, and risk considerations of an iron condor.
Understand how iron butterfly and iron fly structures differ from other neutral strategies.
Learn how calendar spreads combine options with different expiration dates.
Understand how diagonal spreads combine different strikes and expiration dates.
Study the construction of a bull call spread for a defined-risk bullish scenario.
Study the construction of a bear put spread for a defined-risk bearish scenario.
Understand how a collar may combine an underlying position with protective and income-generating options.
Examine ratio spreads and understand why unequal contract quantities can materially change risk.
Study backspreads as structures that use unequal option quantities and may respond to larger price movements.
Understand how options may be combined to create synthetic long and synthetic short exposure.
Study the structure and risk considerations associated with the Jade Lizard strategy.
Understand the principles behind diagonal straddles and mixed-expiration volatility structures.
Examine risk-reversal structures and how calls and puts may be combined to express directional expectations.
Compare bullish, bearish, neutral, hedging, income, and volatility-focused strategies.
Recognize how strike selection, expiration, volatility, and contract quantity affect a strategy’s payoff profile.
Identify strategies that may contain undefined, substantial, or theoretically unlimited risk.
Develop a more structured process for comparing options strategies before selecting a position.

Who This Course Is For

Students who already understand calls, puts, strike prices, expiration dates, premiums, and option chains.
Options traders who want to progress from single-leg contracts to multi-leg strategies.
Stock traders and investors interested in income generation, portfolio protection, and synthetic exposure.
Students who want to compare bullish, bearish, neutral, volatility-based, and hedging strategies.
Anyone seeking a structured introduction to advanced options spreads and payoff profiles.

Options Foundations and Trading Platform Mechanics

Introduction
Options Course Overview
What Are Options? — Part 1
What Are Options? — Part 2
Options Broker Platform
Platform Functions and Options Mechanics

Income, Protection, and Volatility Strategies

Covered Call Strategy
Protective Put Strategy
Straddle Strategy
Strangle Strategy

Butterfly, Condor, Calendar, and Diagonal Spreads

Butterfly Spread Strategy
Iron Condor Strategy
Iron Butterfly Strategy
Calendar Spread Strategy
Diagonal Spread Strategy

Directional Spreads, Hedging, and Synthetic Positions

Bull Call Spread Strategy
Bear Put Spread Strategy
Collar Strategy
Ratio Spread Strategy
Backspread Strategy
Synthetic Long and Synthetic Short Strategies

Advanced Combination Strategies

Butterfly Spread — Advanced Application
Iron Fly Strategy
Jade Lizard Strategy
Diagonal Straddle Strategy
Risk Reversal Strategy

Practical Options Information and Brokers

Useful Options Trading Information
Options Brokers

Frequently Asked Questions

Is Options Advanced Pattern Research suitable for complete beginners?

The course is primarily intended for students who already understand calls, puts, option chains, strike prices, premiums, expiration dates, and basic options risk. Complete beginners may benefit from completing Options Beginner’s Kit first.

What will I learn in this advanced options course?

You will study income, protection, directional, volatility, neutral, hedging, synthetic, and multi-leg options strategies. The course includes vertical spreads, butterfly structures, iron condors, calendar spreads, diagonal spreads, straddles, strangles, collars, ratio spreads, and additional advanced combinations.

What is a multi-leg options strategy?

A multi-leg options strategy combines two or more options contracts. The contracts may use different strikes, expiration dates, option types, or quantities to create a specific directional, volatility, income, protection, or risk profile.

Does the course cover covered calls and protective puts?

Yes. Dedicated lessons explain the structure of covered calls and protective puts, including their possible objectives, limitations, costs, and risks.

What is the difference between a straddle and a strangle?

Both strategies combine calls and puts and may be used to research volatility-based scenarios. A standard straddle generally uses the same strike price, while a strangle generally uses different strike prices. Their costs, break-even points, and risk profiles differ.

Which defined-risk spreads are included?

The curriculum includes bull call spreads, bear put spreads, butterfly spreads, iron butterflies, iron condors, calendar spreads, and diagonal spreads. Whether a specific position has fully defined risk depends on its exact construction.

What is an iron condor?

An iron condor is a multi-leg options structure commonly built using a put spread and a call spread. It is often associated with a defined trading range, but its outcome depends on strike selection, expiration, premiums, volatility, and price movement.

What is the difference between a calendar spread and a diagonal spread?

A calendar spread generally combines options with the same strike but different expiration dates. A diagonal spread generally combines different strikes and different expiration dates. Both can be affected by time decay, volatility, and changes in the underlying price.

Does the course cover synthetic long and short positions?

Yes. One lesson explains how calls and puts may be combined to approximate bullish or bearish exposure similar to a long or short position in the underlying asset.

What is a Jade Lizard options strategy?

A Jade Lizard is an advanced multi-leg options structure that generally combines a short put with a call spread. Its payoff and risk depend on the strikes, premiums, expiration, and exact contract configuration.

Are all strategies covered in the course limited-risk strategies?

No. Some strategies may have predefined maximum losses, while others can involve substantial, asymmetric, or theoretically unlimited risk. The exact risk depends on whether options are bought or sold and how each leg is structured.

How many lessons are included in Options Advanced Pattern Research?

The course contains 28 video lessons organized into six sections, with a total running time of approximately 2 hours, 50 minutes, and 3 seconds.

Can I complete the course at my own pace?

Yes. The course is designed for self-paced online learning, allowing you to revisit the mechanics, payoff structures, spreads, volatility strategies, and risk considerations whenever necessary.

Does learning these strategies guarantee profitable options trades?

No. Options strategies describe possible payoff structures, but they cannot predict future market behavior or guarantee a profit. Every options position involves uncertainty, execution risk, pricing risk, and the possibility of financial loss.

Options Trading Courses

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Options Course – Advanced Pattern Research