This class is focused on real life uses of options for traders, for example:
Using options to replace a long position in the underlying, to enhance the yield of a position through call overwriting, or to provide protection from declines.
In addition to explaining these strategies, a methodology to choose an appropriate strike and expiry is shown.
Answers to the most common questions are given, such as when an investor/trader should convert an option before maturity, and the difference between delta and the probability that an option expires in the money.
WE WANT TO TAKE THIS INFORMATION AND (next slide)
APPLY IT TO THIS… ONE OF THE GREATEST AND MOST SUCCESFUL PRODUCTS IN THE ENTIRE WORLD.