Trading options can be a far more lucrative alternative than trading stocks, especially if you have a small account.
Unlike day trading stocks, day trading options has the potential to generate hundreds of percent gains in less than a day.
But if you think day trading stocks is difficult, day trading options is on another level.
Unlike stocks, every option contract has an expiration date which drives the value of the contract lower and lower every second. Not only that, but there’s buying and selling, opening and closing, the Greeks, IV, premiums…
And that’s just the tip of the iceberg.
The best way to learn options trading is to take an options trading course. These courses lay out a specific curriculum and can take you from total novice to consistent profits.
If you try to learn options trading on your own, from books or YouTube videos, you will end up confused and/or losing money.
Instead of torturing yourself, save yourself the trouble by paying for one of the best options trading courses. These courses were built to save you time, money, and headaches.
In this best options trading course review, I’m going to cover the cost, the pros & cons of each, and each course’s details so you can choose the best options trading course for you.
If you want to learn options trading, you can save yourself from a lot of pain by enrolling in one of these.
4 Best Options Trading Courses (Learn Options Trading) in 2022
1. Option Alpha – The Best Free Options Trading Course
Cost: All Options Alpha courses are free
- Content tailored to beginners and advanced options traders
- Courses are free
- High-quality, informative materials
- You will not be taught how to make profitable trades on your own
For a free, risk-free way to quickly shorten your options trading learning curve, Option Alpha offers 12 educational courses containing hundreds of videos. This is the best place to start your options trading journey for free.
Option Alpha takes a different approach to pricing than Simpler Trading. Instead of paying for courses separately, Option Alpha makes the education component free. After you complete their educational programs, the company hopes you will sign up for its automated options trading software tools, but it’s not necessary to access the content.
The 12 courses are all curriculum-based, guided learning which you can complete at your own pace. Whether you are a beginner, intermediate, or advanced options trader, these lessons will take you from A to B, then B to C, all the way to Z for each topic.
In addition to the courses, Option Alpha also offers workshops, blog articles, and a podcast.
Option Alpha is the best place for beginners to learn options trading for free.
It also happens to be where I started learning about options investing.
2. Udemy – The Best Options Trading Course for Beginners
Cost: $20 for recommend course with the link above (80% OFF)
- Choose your own classes
- Courses designed for beginner and more advanced traders
- No direct coaching
If you want to learn about options trading but aren’t ready to invest in an entire course, turn to Udemy.
Udemy has done an excellent job of attracting top instructors to teach the theories and practical applications of their respective fields. This includes options traders.
For a fraction of the cost of many options trading courses, you can learn the basics of options trading before deciding to commit further.
In addition to its single course offerings, there are also curriculum-style beginner option trading courses. In this category, Udemy’s Options Trading Basics (3-course bundle) is very highly reviewed.
For just $99, you can learn about calls, puts, the Greeks, and see live options trades, all led by a renowned trader who has taught more than 90,000 students.
And if you use the link above, you can get this course for 80% OFF!
And, if you already know the basics, you can take single classes about specific trading strategies.
For these reasons, I’ve rated Udemy as the best options trading course for beginners.
3. TD Ameritrade – The Best Brokerage Options Trading Course
- Massive library of high-quality resources
- Learn how to trade options on TD Ameritrade
- Thorough, professional material
- No direct coaching
- Requires a TD Ameritrade brokerage account (free)
TD Ameritrade may have the single best offering of investing resources in the world.
The broker offers videos, articles, webcasts, podcasts, and in-person events. They cover market news, personal finance, investing, retirement planning, inherited accounts, and trading. The asset classes covered include stocks, bonds, commodities, options, futures, forex, and funds.
The best part: It’s completely free.
If you’re new to investing or want to learn more about a specific topic from a highly credible source, TD Ameritrade should be the first place you turn. Its educational library is world class.
I am convinced that 95% of investors could learn everything (and more) they would ever need to learn about money and investing on TD Ameritrade.
There are 2 downsides to using TD Ameritrade: There is no option for individual coaching and you will need to sign up for a brokerage account to access its materials.
You do not need to fund your brokerage account and the entire curriculum is free.
TD Ameritrade also ranks #2 on my list of where to buy OTC stocks.
4. Optionable Dividends by Lincoln Olson – The Best Options Course for Selling Options
Cost: Normally $297, but you can get 35% off with code “PRESALE”
- Start making money from day 1
- Learn exactly how I sell options to generate weekly income
- You can get a taste for my content on my YouTube channel
- Full course cost lifetime guarantee
- You should have a basic understanding of options
- You should have a portfolio of at least $10,000
Yes, I’m really promoting my own course.
But I made it because I believe it’s the best.
While the other courses on this list will teach you about options, none of them will provide the examples and critical information you need to start making money with options on the same day you take the course.
I don’t want to teach you about options, I want to teach you how to make money with options.
My goal is to provide value far above the cost of the course. If you put the strategies I teach into practice, the course should pay for itself within the first week, if not the first day.
The best part? You don’t need to change a thing with your underlying portfolio.
Selling options is the best way to turn your stock portfolio into a cash-generating machine.
And I want to show you how.
5. Simpler Trading – The Best Premium Options Trading Courses
Cost: Options courses range from $297-$997
- Extensive curriculum
- Content for every experience level
- Designed and instructed by a renowned options trader
- Library of training videos
- $7 trial membership
- You will learn how to make profitable trades on your own
- Trading courses sold separately
- Simpler Trading courses were not made for beginners
- Courses are very expensive
Whether you’re a complete beginner or have been trading options for years, Simpler Trading is stacked with courses, resources, and tools to take your trading to the next level.
Simpler Trading primarily sells memberships to help stock and option traders become more profitable.
In addition to their memberships, Simpler Trading offers courses which are sold separately.
John Carter, author of Mastering the Trade, teaches 8 different options courses. “Small Account Secrets” is the options trading course best suited for beginners looking to grow their accounts quickly.
This course starts off assuming viewers already know some of the basics of option contracts. It will give you multiple strategies Carter has used throughout his prolific trading career.
If you want to become a Simpler Trading member, you will get access to daily premium newsletters, potential trades for the next day, trade recaps, and an Options Dashboard which provides recommendations for high-probability trades.
If you want to become a profitable options trader, you can’t go wrong with a membership or course purchase from Simpler Trading. That’s why it’s in the top stop of my best online options trading course review.
The Bottom Line
If you were to Google “How to learn options trading”, there would be countless answers.
YouTube, books, PDFs, podcasts, websites, and options trading courses.
Instead of blindly bouncing from one set of materials to another and trying to learn about a complex issue like trading options, you will be much better off paying for a course with a set curriculum that was designed to take you from novice to expert trader.
Hands down, these are the 4 best options trading courses in 2022.
Which option trading course is best?
Personally, I think Simpler Trading’s is the best overall options trading course in 2022.
Can you get rich from options trading?
Yes, you can get rich from trading options, and you can make more from trading options than trading stocks.
However, trading options is complex and competitive - you will be trading against some of the smartest people and best traders in the world.
If you want to learn stock trading, check out my review of the best stock trading courses.
Is it worth it to learn options trading?
If you’re interested in trading options, even if you don’t plan to become a full-time options trader, it is worth it to study options trading.
However, if you’re not planning on becoming a full-time trader, you probably won’t find much value in the paid options trading courses listed above. I would recommend using the free materials on Options Alpha, TD Ameritrade, and YouTube.
And if you want to start earning weekly income from your existing stock portfolio, check out my Optionable Dividends course.
How do you train options trading?
After studying and learning how to trade options using one of the courses above, there’s no substitute for the real thing - it’s time to put your money on the line and start applying what you’ve learned.
If you’re not ready to risk your own cash, you may want to try paper trading on TD Ameritrade or one of the other best paper trading platforms.
This is the only way to become trained in options trading.