timothy sykes logo

Penny Stocks News

Options Trading Course (Our Top Choices)

Timothy SykesAvatar
Written by Timothy Sykes
Updated 3/31/2023 13 min read

A good options trading course can help you avoid the common mistakes that come with this difficult strategy…

A great options trading course can connect you with a supportive community to grow alongside of!

You can learn to trade in the options market yourself. But you’ll learn more from experienced traders on programs like my Trading Challenge.

It doesn’t matter if you’re a newbie learning options trading basics or a veteran trader looking to learn more about the options market. Traders of any experience level benefit from online options trading courses.

Which options trading courses are the best? Read on for the best online options trading courses you can enroll in today!

Why You Should Take an Options Trading Course

© Millionaire Media, LLC

You can learn options trading from online resources and popular options trading strategies. But the main drawback is that nobody’s there to guide you. Even if you’re getting your feet wet with real-time trading simulators, they can’t give you real-world experience.

Don’t get me wrong — you can still lose money when you learn from people with years of trading experience. But when you learn from an online options trading course, you’ll know why you lost money and how to fix it. This way, you won’t lose even more money trying to workshop a self-made solution that might or might not work.

When learning from experienced traders, you’ll have someone who can answer your questions. You can also get their insight into market scenarios and price movements. They should teach you key concepts and workshop trading strategies with you.

There’s still trial and error when testing practical applications and new strategies. But you’ll have extra guidance when doing so, and that can make all the difference.

Most traders lose — but the reason for their losing comes down to lack of preparation, bad risk management, and poor self-accountability.

I recommend online options trading courses not just for the educational resources. I also recommend them to learn new options strategies from their trading communities, and to get feedback on your trading plans.

What to Look For in a Quality Course

Tim Sykes holding An American Hedge Fund in Italy after creating his top penny stocks list
© Millionaire Media, LLC

What do you need in a quality online options trading course? I usually look for two things: transparency and lots of chart breakdowns.

Transparency is essential — you need to see how the sausage is made. I don’t just tell my students that I made $7.4 million from stock trading…

I tell them how I became a profitable trader, trade by trade.

A good options trading course mentor will show you both wins AND losses. You can learn a lot from losses, and they should be excited to share these examples.

Charting is the most important skill in trading, and nothing levels up your trading like having a more advanced trader go through charts with you. That’s why I have 7,000+ webinars available to my Trading Challenge students.

What you want in a quality course is a roadmap that students can follow to improve their trading. I’ve personally seen the journey of the first mentor on this list, my former Trading Challenge student Mark Croock. This is the kind of trader he’s become:

  • He’s transparent — his Profit.ly account shows how he built his account to $3.9 million over 13 years of trading
  • He knows his stuff — he watched most of my Trading Challenge webinars THREE TIMES!
  • He isn’t just producing copycat traders — he adapted my pennystocking strategies to options by learning the material well enough to adapt

He teaches core concepts, not trades to copy. He’s a good enough teacher that he teaches my Trading Challenge students as well as students in his Evolved Trader options course.

Here’s a quick video on his technique:

Want to learn from the best options trader I know? Sign up for Mark’s Evolved Trader course today and evolve your options trading game!

Options Trading Courses for Various Skill Levels

My top options trading course picks are:

There is no one-size-fits-all in trading. This is even more true for options trading.

These courses cover the full range of options education needs, starting with my top pick…

1. Our Top Choice: Evolved Trader

Post image

Get my weekly watchlist, free

Sign up to jump start your trading education!

My first options trading course pick is Evolved Trader.

I’ve already told you why Evolved Trader’s lead trainer, Mark Croock, has my trust. He has a proven track record — he’s made $3.9 million in profits mostly through trading options. I’ve taught with him, worked with him in my Trading Challenge, and learned from him.

Here’s what you will get in his Evolved Trader course:

  • Free weekly webinars and a back catalog of videos lessons
  • Two alert services tailored to different options strategies
  • Discord chat room
  • Options Bootcamp Course — this course gives you all the foundation the next two picks offer
  • Mark even pulls out his accounting experience for a tax strategy session!

Most importantly, I can vouch for Mark more deeply than almost any trader in the world.

Not only can he do this…

He can explain it, too:

I’m not crazy about options trading for the most part: I think it’s too complicated. But Mark’s Evolved Trader course manages to simplify options trading, instead of pulling you into a labyrinth of Greek symbols like most other options courses.

How has he built an effective options trading strategy without getting excessively technical? He relies on three of the most important technical indicators for any type of trader:

  • Volume
  • Key levels
  • Trendlines

Charting is the biggest part of trading. Most technical indicators are built from a stock’s chart. Mark has followed my advice to “keep it short and simple” and always draws his students’ attention back to basics: the chart.

He keeps focused on the big picture. And he keeps his trades — and his students — safer than nearly any trader I know.

Sign up for Evolved Trader here!

2. Top Beginners-Friendly Course: Investopedia’s Options for Beginners

My second options trading course pick is Investopedia’s Options for Beginners.

This course is designed to give traders a thorough foundation in options trading. It’s taught by options trader Lucas Downey, a former Wall Street trader who co-founded MAPsignals. MAPsignals is a unique platform that tracks institutional investment in the market.

This “big money” investment makes up about 90% of stock activity in the major stocks that options traders target. So options traders might find an edge in tracking institutional investment trends. You can see if it works for you with the free month MAPsignals subscription packaged with the course.

The course’s five hours and 39 lessons cover all of the basics:

  • Understanding options — this section covers the ideas behind options trading, intrinsic value vs. time value, and Greeks
  • Puts and calls — this course is focused on the building blocks of options trading, puts and calls. One section delivers the theory part, the next teaches basic applications
  • Risk management — there’s a whole section dedicated to risk. You know I love that
  • Technical analysis — this section keeps it simple, looking primarily at volatility and time
  • Trade examples — two sections give you example trades, and break down the life cycle of a trade from analysis to execution

Think of this as an options textbook. It doesn’t get too heavy into strategy, and there is no individual consultation. But if you want a fast-start options course, this is a decent choice.

Check out Investopedia’s course here.

3. Most Affordable Course: Udemy’s Options Trading Basics

My third options trading course pick is Udemy’s Options Trading Basics.

Let’s cut to the chase — this is the cheapest course on this list AND it delivers a ton of content. It’s over 11 hours of video tutorials for under $100. You can find it on sale even cheaper.

Like I often say about all parts of trading, don’t try to cut corners. I don’t think a broker not taking commissions is a reason to trade. And I don’t think a course being the most affordable is a reason to spend your time on it.

But Udemy’s course isn’t on this list just because of its affordability. The course is taught by Hari Swaminathan, founder of OptionTiger, which offers its own respected options curriculum. OptionTiger’s beginners’ course is almost 3 times as expensive as the Udemy course, giving budget-conscious traders a good point of reference.

The 11-hour Udemy course covers the following:

  • Call and put options
  • Time, volatility, and Greeks
  • Options trading strategies
  • Live trades
  • Stock and options combo strategies
  • Adjusted options

You won’t get access to a trading community or tailored guidance. Prospective OptionTiger students can find more comprehensive courses among their offerings, and this Udemy course is a great opportunity to test drive Swaminathan’s approach!

Check out Udemy’s course here.

4. Most Comprehensive Course: Benzinga Options School

My fourth options trading course pick is Benzinga Options School.

If you’re looking for a comprehensive alternative, Benzinga Options School hits most of the prerequisites. It gives traders access to:

  • Live webinars and video lesson back catalog
  • Member chat room
  • Q-and-A with a trading mentor

Course instructor Chris Capre is the founder of 2nd Skies Trading, a platform which has its own slate of trading courses. He’s a former hedge fund guy who has a solid profile.

Benzinga Options School also offers access to Benzinga Pro, a news-first trading platform.

Sign up to Benzinga’s course here.

Final Thoughts

You can learn to be a professional options trader by yourself, but it’ll be an uphill battle. You won’t have the benefit of an experienced mentor to shape your approach to trading options. The more complex trading strategies might remain out of reach.

The biggest difference maker is how hard you work. But a good teacher can show you how to work smarter.

I didn’t have a teacher — I had to make mistakes on my own. If you sign up to a good options trading course, you won’t have to make as many.

What do you need to improve on in your options strategy? Let me know in the comments!

Options Trading Course FAQs

© Millionaire Media, LLC

Which option trading course is the best?

My top options trading course choice is Evolved Trader. Instructor — and my former student — Mark Croock is a professional options trader who built this course from the ground up. He adapted my penny stock trading strategies as the foundation of his model for options trading.

What are the 4 levels of options trading?

There are four levels of options trades:

  1. Covered calls and cash-secured puts
  2. Long options
  3. Option spreads
  4. Naked calls and puts

Covered calls and cash-secured puts are the least risky option.

How can I learn options trading fast?

You can learn options trading fast by studying hard. There’s no instant path to success. Mark Croock became my student in 2010, and it took him eight years to break $1 million. And he’s the best options trader I know.

How much has this post helped you?

Leave a reply

Author card Timothy Sykes picture

Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity. Read More

* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”