Free Online Courses (Other than Google) to Upgrade Yourself

As a continuation from my previous post on Free Google Courses Recommended, I have researched and tried out the free courses available online. I cannot stress on the importance of continuous self- development be it career related or not. Not only is it stimulating to your mind as you get exposed to unfamiliar things, you will be able to utilize some of the points read in your daily life. Besides, it never hurts to know more right! You can also use these pointers as a conversation starter. For example, I am currently going through the Digital Garage by Google which teaches you about marketing in the digital age. Even though this subject is totally different from what I am doing in my line of work, I still find it interesting because I can now better appreciate the elements behind selling a product or service and the promotion efforts behind it.


Note that this post is geared towards an individual who is keen in development in Analytics, Marketing and SEO, Finance and Programming Languages. Skills which are set to get a stronger foothold in years to come. This list is definitely not exhaustive as I only recommend those I have tried before.

6 Steps to a Trading Decision

1. State your Forecast

- important to be specific about price of stock and time frame
e.g. XXX stock will rise from $10 to $15 in 20 days. Today is 40 days to expiration.


2. Calculate the Implied Volatility

- volatility percentage in the option pricing formula
- Stock price
- Strike price
- Dividends
- Interest Rates
- Days to expiration
- Volatility


OIC Option Pricing Calculator

Trading Strategies

1. Stock- Oriented Strategy - Covered Straddle

- Normally price rise, sell shares to realise profit. Price drop, buy more shares.

- BUT Alternative to waiting for price rally/ dip --> can use COVERED STRADDLE
--> call + put with the same strike price and expiration date


LONG STRADDLE 

- Buy both call + put
- depending on the underlying stock's direction of movement, either the call will profit more than the put (vice versa)

Option Price Behaviour

1. Strike Price - if the stock price don't move beyond the strike price, then the option will expire worthless


2. Time to Expiration (time decay) - the longer the time, the higher the option price

- the most time decay happens as option is near expiry


3. Effect of Interest Rate on short- term options prices is small

rise in i/r --> rise in CALL, drop in PUT