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Text, with workbook. As I recall the class, they taught long calls and puts, naked puts/covered calls, credit spreads, debits, butterflies and condors. When one is new to options, it’s easy to be convinced that these trades have “limited risk” and they are safe to trade. However, one becomes schooled over time by faceless better traders, and the hidden or blind risk exposure of these trading methods. Especially, when the market is subject to HST (high speed trades) and manipulation show more almost completely unprotected by effective legal recourse or good governance.

2022 UpDate: After the 2014 Judgment on the Class Action, Investools had morphed into SinkorSwim and has improved its backtesting tools show less