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Live Webinar

90-minute live streaming program
  • March 19
  • 1:00 - 2:30 pm EST

Option Basics and Strategies

March 19

Learn definitions and detailed descriptions to better understand what option basics are.

Develop or increase your understanding of the design and structure of exchange-traded and over the counter options. You will get a detailed look at the mechanics of put and call options from both the seller's and the buyer's perspectives. You will learn common option terms, their payoff and profit possibilities, put-call parity, and common option risks. Because a basic understanding of relevant tax rules is required for a complete understanding of the how and why you enter into options, there will be an overview of options taxation. Popular option trading strategies will also be addressed: buying a call, buying a put, selling a call, ratio writing, entering into an equity collar, entering into a cap agreement, and entering into a floor agreement.

Learning Objectives

- You will be able to define what an option is.

- You will be able to review common option terms.

- You will be able to discuss tax overview.

- You will be able to recognize popular option strategies.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Is an Option?
  • Defined
  • Buying and Selling Options
  • Option Styles
  • Valuation
  • Trading Markets
  • Risks and Warnings
Common Option Terms
  • Underlying Property
  • Option Premium
  • Strike Price
  • Expiration Date
  • Exercise Date
  • Open Interest
  • Margin
  • Time Value
Call Options
  • Buying and Selling Calls
  • Payoff
  • Diagrams
Put Options
  • Buying and Selling Puts
  • Payoff
  • Diagrams
Put-Call Parity
Tax Overview
  • Options Taxation
  • Qualified Dividends
  • Expire Worthless
  • Exercise
  • Liquidated/Sold/Closed
  • Tax Straddles
Popular Option Strategies
  • Buy a Call
  • Buy a Put
  • Sell a Call
  • Ratio Writing
  • Enter Into an Equity Collar (Buy a Put and Sell a Call)
  • Enter Into a Cap or a Floor
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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • CFP 1.5
     
  • The Certified Financial Planner Board of Standards, Inc. has granted 1.5 hours of continuing education credit. Level of Knowledge: Intermediate.
     
  • AL CLE 1.5
     
  • This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.5 hours credit.
     
  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, Inc. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • CO CLE 2.0
     
  • This program may qualify for 2.0 credit hours through the Colorado Supreme Court Board of Continuing Legal and Judicial Education through reciprocity. This course is accredited in other jurisdictions such as New Jersey. To receive CLE credit for this program, a home study affidavit must be submitted to the Supreme Court Board of Continuing Legal and Judicial Education.
     
  • CT CLE 1.5
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
     
  • GA CLE 1.5
     
  • This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.5 CLE hours.
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • IL CLE 1.5
     
  • This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
     
  • ME CLE 1.5
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 12.
     
  • MS CLE 1.5
     
  • This program has been approved by the Mississippi Commission on Continuing Legal Education for a maximum of 1.5 credit hours.
     
  • MT CLE 1.5
     
  • This program has been approved by the Montana Commission of Continuing Legal Education for a total of 1.5 CLE credits.
     
  • NH MCLE 1.5
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 90 Minutes.
     
  • NJ CLE 1.8
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.8 hours of total CLE credit.
     
  • NV CLE 1.5
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 1.5
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
     
  • TN CLE 1.5
     
  • This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.5 hours of credit.
     
  • VT CLE 1.5
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of Law & Legal Procedure credit.
     
  • WI CLE 1.5
     
  • This program has been approved by the Board of Bar Examiners for 1.5 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 1.8
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.8 MCLE hours.
     
  • CPE 1.8 including Specialized Knowledge 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 1.8 hours. Prerequisite: basic knowledge of DOL Fiduciary Rule. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.5 hours.
     
  • Lorman Business Center, Inc. has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. This program qualifies for 1.8 hours of continuing professional education.
     

Who should attend?

This live webinar is designed for investment brokers, stock brokers, estate and financial planners, attorneys, presidents, vice presidents and other financial executives.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Andrea S. Kramer

McDermott Will & Emery LLP

  • Partner in the international law firm of McDermott Will & Emery LLP based in its Chicago office and is head of its Financial Products, Trading and Derivatives Group
  • Has a sophisticated and unique legal practice that covers all aspects of financial transactions and derivatives, focusing on taxation, regulation, contract design, trading operations, and documentation
  • Addresses issues related to derivative products, hedging, energy trading, and insurance company investment operations; in all these areas, she works with clients to assure compliance with or resolve disputes concerning tax laws, governmental regulation, contract negotiation, trading policies, and risk management objectives
  • With the phased-in implementation of Dodd-Frank, she works closely with clients to assure they comply with the rules that apply to them as swap dealers, major swap participants, commercial end users, or financial end users
  • Works closely with clients to evaluate financial products and transactions subject to Dodd-Frank and European legislative efforts, keeping their boards of directors current as to the effect these changes will have on their operations, existing contractual relationships, and regulatory compliance
  • Actively involved in the design, structure, and tax defense of hedging and risk management programs as well as financial product transactions
  • Named one of the 50 Most Influential Women Lawyers in America by the National Law Journal for her “demonstrated power to change the legal landscape, shape public affairs, launch industries, and do big things”
  • Chambers USA has ranked her as a Leading Individual in Tax for her “expert opinions on the taxation of financial products” and her “expertise in the tax treatment of financial instruments”. The Legal 500 has ranked her as a Leading Lawyer in Tax as “widely recognized as one of our nation’s most important voices in financial market tax policy” and as “the best of class in a generation of lawyers”
  • The Legal 500 also ranked her as a Leading Lawyer in Domestic Tax and in Structured Finance and Derivative Products as “a brilliant tactician and a first-rate legal scholar” who is “detailed and thorough in her legal analysis and advice” and whose “expertise in financial derivatives is outstanding”
  • Wrote Financial Products: Taxation, Regulation, and Design (CCH, 2006), a three-volume, 3,600-page treatise that is supplemented annually
  • As the leading treatise on financial products law, her book has been cited more than 160 times by courts and tax commentators; co-edited and contributed to Energy and Environmental Trading: US Law and Taxation (Cameron, May, 2008), and she co-edited and contributed to Energy and Environmental Project Finance Law and Taxation: New Investment Techniques (Oxford University Press, 2010); has written more than 160 articles on topics including derivatives taxation, operational and reputational risk in trading operations, insurance coverage versus derivatives regulation, energy trading, and corporate governance
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 401682
Published 2018
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