CREDIT SPREAD SURGERY - Bear Call and Bull Put Mastery

Master the Bear Call and Bull Put Options Trading strategies and create the foundation for consistent performance.

4.35 (194 reviews)

Udemy

platform

English

language

Investing & Trading

What you will learn

Mastery of Credit Spreads - the Bear Call and Bull Put spreads

Learn to create monthly income strategies that consistently produce income

Advanced adjustment strategies to manage credit spreads

Master the art of adjusting credit spreads when they get into trouble

Construct monthly income strategies for consistent returns

Fine tune the art of picking the right strikes, expiry series and Volatility environment before placing a trade

Why take this course?

CREDIT SPREAD SURGERY - ADVANCED CREDIT SPREADS

Consider this Option Trading Strategies course as "Advanced Credit Spreads". Both these spreads are dissected to convey an advanced level of knowledge and skill in using these credit spreads. Everything on How to Trade Options from the ideal credit spread trade setup, trade management, adjustments and exit. You're expected to know what a Bull Put and Bear call spread is.

If you have a regular job, then you need Option Trading Strategies that allow you to focus on your job, but yet create a somewhat stable and reliable income stream from your investments. In this course, we dig deep into credit spreads and understand why being an Option seller (risk defined of course - no naked selling) may not be that bad after all. We analyze Probability, Time decay and Volatility considerations and come up with some pretty good stuff on How to Trade Options.

These spreads form the foundation blocks of "Monthly Income" strategies. And not surprisingly, all advanced strategies like Iron Condors or Backspreads use some variation of the Bear Call or the Bull Put spreads. Anyone wanting to create a consistent monthly income of 2% to 5% will use these strategies as part of their "Income" portion of their portfolio.

What you will master

With Spreads, you can now be a seller of Options
The meaning of "defined risk" Options investing
Cutting-edge trade entry analysis
Selection of the right expiry series
Selection of the appropriate strike prices
Volatility considerations
Setting the optimal "width" of the Spread
Set your monthly target that can still let you sleep at night
Optimize Time decay, Probability and Premium collection variables
Set "pain points", and plan the exact nature of adjustments
Setup trades that require little monitoring
Why you can be wrong on direction and still make a profit
Ideal strategies for losing positions
How do you handle your position when your short strike prices are in danger

Reviews

Emmett

May 16, 2022

So far I've watched bits and pieces of Options Trading Basics and this course. I'm grateful for the thoroughness of the lectures. Was intimidating at first, being a total novice hearing all the jargon. But I played them over and over again while paper trading on IBKR and I'm up like 200-300 in my Tastyworks account since end of February using these AWESOME Bear Strategies! It ain't squat compared to more experienced traders who probably make like 4k a week...but I know I'm gonna get there thanks to these videos. Stay killin it man!

Oskar

January 23, 2022

Hari delivered on explaining the strength and weakness of Calls, Puts, spreads, strike prices and greeks. I enjoyed it.

Don

November 25, 2021

Excellent information on how to trade options credit spreads and creative ways to adjust the trade when it's going against you to maximize returns and limit losses.

John

May 21, 2020

So far, so good. I have taken other courses from this instructor, and he has always educated me in a positive manner.

David

October 28, 2017

The course was excellent - it is advised to have some familiarity with options before the course. It offers several means for adjusting a credit spread which can save a losing trade or get additional income from a winning trade. It also offers ways to protect profits when they are achieved. Probably the best course even taken regarding credit spreads and would encourage taking the course for additional knowledge and as a means for trading better.

Amritendu

September 12, 2017

Explained the mechanics of the trades very well. However, would have liked a little more objective explanation of the levels at which the adjustments need to be made... for example, if the price moved 1/2 sigma against the position or vice versa, or if the delta has become positive (above a certain level), when you want it to remain neutral. I understand that making adjustments is an art, but a little more explanation of the logic behind the art would be appreciated.

Jennifer

May 24, 2017

This is my second time taking this course because I also bought it as part of a bundle. Good course and lots of good instruction. The adjustments were very helpful to see along the way.

Mitch

November 21, 2016

Not only does Hari show you specifics of trade management, he shows the tools available and how to use the TOS platform to manage the credit spread. I think TOS is a major obstacle for new traders - even though it is a very robust platform.

Sumit

July 10, 2016

Credit spread being a difficult topic has always been difficult for me. This course made it easier with its illustrations to master the topic. I feel more comfortable trading them now. Thank you for the course.

Vic

March 1, 2016

Just when you thought there was a topic regarding options that seems to be going to get more complex, more intimidating, and more challenging to comprehend, Hari offers a course to break it all down and allow you to consume the knowledge in a piece-meal, reasonable manner so that you would 'get it'. Combining knowledge learned from previous courses, one can learn how to use these particular options to generate income. Hari did an excellent job as the lectures were presented in an easily comprehensible format and tries to kept the concepts accessible to a beginner's level of understanding. Using the trading platform to show how it is done in a trading situation also adds to the learning experience instead of just talking about theory.

Abraham

January 25, 2016

Very complete course in which the instructor makes a nice and clear comparison and analysis of the Bear Call versus the Bull Put. It is explained as well how to choose the expiration date and the ideal strike price. For each type of spread the instructor gives complete examples with in-dept considerations to each of the Greeks, choose of the entry point, strike prices and volatility. The course brings a series of adjustments that helped me to understand how to manage these spreads at any case, in your direction or against your direction. I do recommend this excellent course. Thank you Hari, well done.

Michael

January 17, 2016

The course is short, based in 2013 options. Author tends to not keep the screen in sync with his discussion. Later lectures with the adjustments were ok, but short. To the point and did provide some insight but without detail. Overall I would suggest passing on this course. I'm very happy I purchased it for $10.

Davebrazell

November 23, 2015

Hari, Explains everything in detail this was probably the best course on adjustments that I've ever seen. Dave

Ronnie

February 2, 2015

Hari has a knack of explaining complex principles and breaking it down into simple concepts. The presentation is logical. The concepts are described well in actual simulated trade in the Think or Swim platform. He covers all steps in making the trade and put it in simulation using an actual trading platform. The quiz at the end is an added bonus. The only reason why I did not give this a 5-star is the video quality in Udemy platform.

Jon

June 15, 2013

This is a great presentation with sufficient detail to help newbie option traders understand some very complex details about how to use credit spreads to generate income. Especially useful were the real-life examples of how to adjust the trade when it works both in your favor and when it goes against you.

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