Important Admin Note: This options trading faq page is for people who are not a part of our training programs.
I love providing free material to the public and adding value to the lives of others at no cost, but please keep in mind my highest priority is given to my students. My staff and I are 1,000% willing to answer every question we receive from people who are not a part of our training programs, but unfortunately we can't.
We run a small intimate program and 90% of our technical support is devoted to students/clients of our training programs. They have put their faith in us and invested in themselves to be part of our program(s) so we have a fiduciary responsibility to be available to them to ensure they succeed.
So roughly once a month I update this options trading faq page to serve the needs of those who have chosen the route of "self-education". Also, let me pass along something I learned from my millionaire mentors.
"Give a man a fish, and he eats for a day. Teach a man to fish, and he eats for a lifetime."
My mentors designed their programs so that I didn't need them, their expertise, or their many years of experience to succeed. They believed in putting the power in your hands and empowering you to succeed on your own. So I want to share the exact 3 step process I follow to get answers to my investment questions.
These are steps my mentor taught to me and it's served me well over the years. I've been using this process for over 10+ years and I've never had to get to steps 3 or 4. Usually my questions are answered within the first 2 steps.
Step 1: Theory questions: "If I buy a call option and the stock goes up $5, how much will I make?" The answer to a theory question doesn't put money in your pocket so don't waste your time asking them. The best way to handle theory questions is to get out there, paper trade, and discover the answer yourself.
Step 2: Any other question you have, first thoroughly review all of your current training material to see if the question has already been answered or something similar to it. If not, do a thorough Google search to see if you can find your answer.
Step 3: If your Google search does not turn up an answer then ask one of your trading mentors from a course you've previously enrolled in.
Bonus Step 4: You can call 1-888-OPTIONS (1-888-678-4667). This is the phone number of the Options Industry council (OIC), the educational arm of the US options exchanges and the Options clearing corporation (OCC). I've never had to call the number but I heard the staff is extremely knowledgeable and helpful. You can email questions from the basics to advanced stuff to firstname.lastname@example.org.
With that being said, here is a short video of questions previously answered for non-students. If you prefer to read you can "right click" and download the FAQ Guide Here.