Options Education

OIC204W: Exchange Traded Funds

Webcast Objective:

In this webcast, OIC Instructor Dan Passarelli of the Chicago Board Options Exchange explains that ETF options provide a wide array of opportunities to act on your broad market or sector forecasts. Bullish on Internet stocks? Bearish on the retail sector? Think the broad market is going nowhere? Passerelli discusses how you can position yourself for a potential profit, with only one trade and the controlled risk that options can offer. Covered ETF call options and cash-secured ETF puts are also discussed.

Who Should Take This Webcast:

Fundamental students

Webcast Duration:

37 Minutes

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Webcast Description:

In this webcast, OIC Instructor Dan Passarelli of the Chicago Board Options Exchange explains that ETF options provide a wide array of opportunities to act on your broad market or sector forecasts. Bullish on Internet stocks? Bearish on the retail sector? Think the broad market is going nowhere? Passerelli discusses how you can position yourself for a potential profit, with only one trade and the controlled risk that options can offer. Covered ETF call options and cash-secured ETF puts are also discussed.

Webcast Outline:

  1. ETF Options
  2. Disclaimer
  3. Presentation Outline
  4. ETFs - Exchange Traded Funds
  5. Advantages of ETFs
  6. ETF Options - Much Like Equity Options
  7. Why ETF Options?
  8. ETF Options Are Tools
  9. ETF Calls and Puts: Important Terminology and Mechanics
  10. What Are ETF Options?
  11. Long ETF Calls
  12. Short ETF Calls
  13. Long ETF Puts
  14. Short ETF Puts
  15. Long or Short ETF Options: Investor's Choices
  16. ETF Options Strategies
  17. Buy ETF Call
  18. Buy ETF Call Example
  19. Example: Buy 1 XYZ 150 Call at $6
  20. Buy Call P&L Diagram
  21. Buy Call Break-Even
  22. Buy ETF Put
  23. Buy ETF Put Example
  24. Example: Buy 1 XYZ 135 Put at $7
  25. Buy Put P&L Diagram
  26. Buy Put Break-Even
  27. Covered ETF Call
  28. Covered ETF Call Example
  29. Example: Sell 1 XYZ 55 Call at $3, Buy 100 XYZ at $52
  30. Covered Call P&L Diagram
  31. ETF Covered Call Highlights
  32. Cash-Secured ETF Put
  33. Cash-Secured ETF Put Example
  34. Example: Sell 1 XYZ 50 Put at $4, Deposit $5,000
  35. Cash-Secured Put P&(L)
  36. Cash-Secured Put Break-Even
  37. Summary
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Viewing Requirements

Webcast Disclaimer

Beginning in February 2015, the Expiration Date for monthly options was moved from Saturday to Friday. Most options that expire in a given month usually expire on the third Friday of the month.