Course Orientation
Steve Lentz, Director of Education
Course Orientation
Steve Lentz, Director of Education
Course Orientation
Steve Lentz, Director of Education
Introduction to Options
Introduction to the DiscoverOptions philosophy of
learning to trade, options basics including
concepts of in-at and out-of-the-money and time
premium.               
Personal Instructor: Ken Dole
Greeks
Options risk measurements---delta, gamma,
theta, vega --- fully explained with examples and
intermittent quizzes.  Understand directional, time
and volatility risk.                                           
Personal Instructor: Steve Papale
Volatility
Concepts explained include: historical, statistical
and implied volatility, constant elasticity of volatility,
over and under valued options, probability.
Personal Instructor: Ken Dole
Long Calls and Long Puts
Basics of option pricing; behavior of put and call
option prices in various time frames; determine
which call or put is best to purchase given your
market outlook.     
Personal Instructor: Ken Dole
Vertical Spreads
Open yourself to the vast world of options spreads.
 Mechanics of debit spreads, credit spreads, ratio
spreads, a stock repair strategy, straddles and
strangles.
Personal Instructor: Steve Papale
Lentz Volatility Indicator (LVI)
Learn the mechanics of timing the participation in
non-directional options strategies.  Learn the
interaction of volatility and market direction.
Personal Instructor: Ken Dole
Covered Call Basics & Campaigning
Covered call basics; evaluate at, in, and
out-of-the-money covered calls; compare an
at-the-money covered call campaign to a
modulating covered call campaign.
Personal Instructor: Ken Dole
Horizontal Spreads
Continuing from above, we'll discuss the
mechanics of calendar spreads, double calendar
spreads, diagonal spreads and double diagonal
spreads.                                    
Personal Instructor: Steve Papale
Condors Part 1
Learn about the most proven strategy in the
DiscoverOptions arsenal.  Mechanics of trading a
condor campaign fully explained; adjustments and
when to roll positions and exit.                  
Personal Instructor: Steve Papale
Searching for 1 Month Covered Call Trades
OpScan basics; use OpScan to scan for and trade
High Yielding Covered Calls on Upward Trending
Stocks & High Yielding in-the-money Covered
Calls.
Personal Instructor: Steve Papale
Trend Trading with Spreads
Two mechanical credit spread systems fully
explained and tested with positive results.  Both
approaches trade with the prevailing trend and
incorporate technical analysis.
Personal Instructor: Ken Dole
Condors Part 2
Five discretionary elements to trading condors:  
delta balancing, the “Mouse Ears", waiting period
after a Loss, reading the market before rolling, and
adjusting delta threshold.
Personal Instructor: Steve Papale
Protective Puts, Married Puts and Collars
Basics of protective puts, married puts and collars
fully explained.  Also, we explore a modulating
collar approach and present results of a multi-year
study.
Personal Instructor: Steve Papale
Counter Trend Trading with Spreads
Two mechanical credit spread systems fully
explained and tested with positive results.  Both
approaches trade counter to the prevailing trend
and have very high winning percentages.
Personal Instructor: Ken Dole
Calendars
Learn the "Circus Calendar" approach to trading a
successful calendar spread campaign.  Learn
when to make adjustments and take profits and
exit.
Personal Instructor: Frank Fahey
Naked Put Selling
Basics of selling puts, margin vs. cash secured,
OpScan formulas for candidates including High
Yielding Puts Located 20% Out-of-the-Money
Personal Instructor: Frank Fahey
Advanced  Principles of Directional Spreads
Determine stop levels, establish a benchmark
option spread and then find potential improvement
spreads.   Learn how to make the best decision.     
Personal Instructor: Frank Fahey
Butterflies
Mechanics of trading a successful butterfly spread
campaign.  Learn about yield grab targets, the
proper adjustments and when to take profits and
exit.
Personal Instructor: Frank Fahey
Money Management
Psychology of successful trading, risk
management, building a trading plan, and
day-to-day operations.                                           
Personal Instructor: Frank Fahey
Money Management
Psychology of successful trading, risk
management, building a trading plan, and
day-to-day operations.                                           
Personal Instructor: Frank Fahey
Money Management
Psychology of successful trading, risk
management, building a trading plan, and
day-to-day operations.                                           
Personal Instructor: Frank Fahey
Exit Interview
Steve Lentz, Director of Education
Exit Interview
Steve Lentz, Director of Education
Exit Interview
Steve Lentz, Director of Education
Duration of Level I Program: 2-4 months
7 One-on-One Mentoring Sessions (1 hour each)
Includes OptionVue 6 Software (4 months)
4 Months Market Huddle Webinar subscription
1 Year Subscription to OptionVIEWS Magazine
Price: $2,495
Duration of Level II Program: 2-4 months
7 One-on-One Mentoring Sessions (1 hour each)
Includes OptionVue 6 Software (4 months)
4 Months Market Huddle Webinar subscription
1 Year Subscription to OptionVIEWS Magazine
Price $2,995
Duration of Level III Program: 2-4 months
7 One-on-One Mentoring Sessions (1 hour each)
Includes OptionVue 6 Software (4 months)
4 Months Market Huddle Webinar subscription
4 Months Inside Wire Webinar subscription
1 Year Subscription to OptionVIEWS Magazine
Price $3,495
800-733-6610
The DiscoverOptions Personal Mentoring courses will give you the knowledge and tools  to develop your options
trading business so you can succeed for years to come.  We believe this is the best way to achieve consistent  
positive  returns and our students have found that this approach produces the best results. Learn from 4 active
option trading professionals with one-on-one mentoring and coaching. Our 4-tiered curriculum offers something for
everyone.  If you are new to trading options or are a seasoned pro, we have the education program you need.   
Level I
Long Calls / Puts, Covered Calls & Collars
Level II
Directional Trading
Level III
Non-Directional Trading
Steve Lentz
Steve Papale
Frank Fahey
Ken Dole
One-on-One Mentoring Program
Bottom Line: One-On-One Mentoring CAN Help You Make More Money
Exit Interview
Steve Lentz, Director of Education
Extended Money Management Course (Levels I-III)
Personal Instructor: Frank Fahey
Non-Directional Trading

Volatility
Personal Instructor: Ken Dole
Lentz Volatility Indicator (LVI)
Personal Instructor: Ken Dole
Condors Part 1
Personal Instructor: Steve Papale
Condors Part 2
Personal Instructor: Steve Papale
Calendars
Personal Instructor: Frank Fahey
Butterflies
Personal Instructor: Frank Fahey
Duration of the program: 6-12 months.
Includes 1 year of OptionVue 6 software
12 month subscription to the Market Huddle Webinars
12 month subscription to the Inside Wire Webinars
12 month subscription to OptionVIEWS magazine
Price:  $7,995 (save $1,000)
Level IV - Complete One-On-One Mentoring Program
Combines Levels I, II & III
(Best Value - Save $1,000)
Greeks
Personal Instructor: Steve Papale
Vertical Spreads
Personal Instructor: Steve Papale
Horizontal Spreads
Personal Instructor: Steve Papale
Trend Trading with Spreads
Personal Instructor: Ken Dole
Counter Trend Trading with Spreads
Personal Instructor: Ken Dole
Advanced  Principles of Directional Spreads
Personal Instructor: Frank Fahey
Copyright © 2012 OptionVue Systems International, Inc. All rights reserved.  950 Technology Way • Suite 125 • Libertyville, IL 60048 • 847-816-6610

There is a substantial risk of loss in trading financial instruments of any kind including stocks, futures and options.  Clients should consider all relevant risk factors,
including their own personal financial situation, before trading.  Don't trade with money you can't afford to lose.  Past performance is not indicative of future results.