Upcoming Events

An option position isn't locked in — rolling is one way to adjust it as the market moves. 

Rolling an option position means adjusting the strike, the expiration or both, in response to how the market has moved. This session breaks down the mechanics behind each type of roll and the factors that might go into that decision. During this session, OIC instructor Roma Colwell will cover an outline that includes: 

• Rolling up, down and forward: what each adjustment involves 
• Shifting strikes to reflect a changed market view 
• Rolling forward: how extending time changes a position's expiration 
• The trade-offs involved in rolling: cost, risk and what changes in the new position 
• Comparing a roll to letting a position expire or closing it out 

Register today to join Roma for this educational session and gain access to the complete library of on-demand OIC webinars. 

Have questions about options? This one's for you.

On October 15, OIC is hosting a live Q&A session — a relaxed, open forum where you can ask anything options-related and get clear answers straight from OIC Instructors.

New to options? Ask away. Looking to sharpen your understanding of strategy construction or risk? Bring it. There's no such thing as too basic or too advanced here. If a past OIC webinar left you with lingering questions, this is the perfect place to get them answered.

There's no replay — so mark your calendar and come with your questions ready.

Note: OIC does not offer investment advice and may not be able to address certain topics.

Buying more shares isn't the only way to work toward breakeven — stock repair looks at what options can do instead. 

A stock repair strategy uses options to try to lower the breakeven on a stock position, without buying more shares. It's built around a 1-by-2 call ratio spread and comes with its own set of trade-offs and risks. This session covers how the strategy is put together and what to weigh when considering it. During this session, OIC instructor Roma Colwell will cover topics including: 

• What a stock repair strategy involves and how it is structured 
• How options may be used to work toward a lower breakeven, and the trade-offs involved 
• Building a repair: constructing the position using a 1-by-2 call ratio spread 
• The risk and reward profile of a stock repair strategy 
• Factors to consider when evaluating whether a stock repair fits a given position 

Register today for this educational session and gain access to the complete library of on-demand OIC webinars.

Have questions about options? This one's for you.

On October 22, OIC is hosting a live Q&A session — a relaxed, open forum where you can ask anything options-related and get clear answers straight from OIC Instructors.

New to options? Ask away. Looking to sharpen your understanding of strategy construction or risk? Bring it. There's no such thing as too basic or too advanced here. If a past OIC webinar left you with lingering questions, this is the perfect place to get them answered.

There's no replay — so mark your calendar and come with your questions ready.

Note: OIC does not offer investment advice and may not be able to address certain topics.

A stock position and a synthetic stock position aren’t priced in isolation — conversions and reversals show where the two connect and where they can diverge.

Conversions and reversals sit at the intersection of stock, options, financing costs and dividends. This webinar will explore how professional traders use the relationships between physical stock and synthetic stock to identify and understand relative pricing differences. During this session, OIC instructor Mat Cashman will cover an outline that includes:

• How put-call parity connects the prices of calls, puts and the underlying stock
• The difference between a conversion strategy and a reversal strategy
• How option prices can be used to calculate an implied forward stock price
• Why the implied forward price may differ from the current cash-market stock price
• How interest rates and the cost of carrying a stock position can affect conversion and reversal pricing
• How expected dividends and dividend timing influence call prices, put prices and implied forwards
• Key risks and practical considerations, including early exercise, assignment, transaction costs and execution across multiple legs

Register today to join Mat for this educational session and gain access to the complete library of on-demand OIC webinars.

A Delta-neutral position doesn’t stay neutral for long — Gamma scalping is one way traders try to turn that constant drift into an opportunity.

Gamma scalping is a dynamic approach to managing option risk by adjusting an underlying stock position as an option’s Delta changes. This webinar will explain how traders attempt to translate movement in the underlying market into trading opportunities while continually managing directional exposure. During this session, OIC instructor Mat Cashman will cover an outline that includes:

• How Delta measures an option’s sensitivity to movement in the underlying security
• How Gamma measures the rate at which an option’s Delta may change
• Why Gamma is generally concentrated in at-the-money and shorter-duration options
• How traders combine options and shares of stock to create a Delta-neutral position
• Why changes in an option’s Delta may require shares to be bought or sold as the underlying price moves
• How the repeated process of rebalancing a stock hedge creates the “scalping” component of the strategy

Register today to join Mat for this educational session and gain access to the complete library of on-demand OIC webinars.