Cboe Global Markets Educational Events
Webinar Series:
Learn & Trade with Confidence
Options 101: Strategies for Equity Traders
Covered calls, protective puts, iron condor, market outlook and index option insights.
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Understanding Options: Trading Cboe Index Options with Confidence

Build confidence in trading SPX, VIX, and more.

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Pro Tools, Pro Moves

You’ll learn how market data fits into the trading process, then see a live walkthrough of Lightspeed Trader highlighting Level II order entry, execution tools, and platform features designed to support active decision-making.

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Webinar speakers
Key Topics from the Webinars
Looking to refine your edge using market intelligence to make more informed trading decisions? Join Henry Schwartz, VP of Derivatives Market Intelligence at Cboe, for an educational session exploring the retail options trading landscape and how data-driven insights can help shape trade ideas. You’ll learn how market data fits into the trading process, then see a live walkthrough of Lightspeed Trader highlighting Level II order entry, execution tools, and platform features designed to support active decision-making. The session also includes a deep dive into Lightspeed Trader’s customizable workflows, layouts, and key integrations to help you tailor the platform to your trading style.

Common Options Trading Strategies

A structured walkthrough of three widely used, risk-defined strategies:


Bear Put Spread

Designed for traders anticipating a gradual decline in the underlying asset. This strategy pairs a long put with a short put at a lower strike, creating a defined risk/defined reward profile. Covered examples illustrate how profitability changes depending on whether SPX moves below, stays near, or remains above key strike levels.


Bull Call Spread

Built for traders expecting a moderate rise. A long call paired with a short call at a higher strike helps reduce cost while keeping risk capped. Real-market strike scenarios show how traders may profit if SPX moves higher—and how the maximum loss is limited to the net premium paid.

Iron Condor

A four-leg strategy designed for low-volatility conditions when traders expect the underlying to stay within a range. By selling an out-of-the-money put spread and an out-of-the-money call spread, the trader collects premium with defined risk on both sides. SPX examples highlight how maximum profit occurs when the index stays between inner strikes, while losses are capped if it breaks outside the outer ranges.


What Attendees Will Gain


• A clearer understanding of how options can complement existing equity strategies

• Insight into how spreads can help manage risk and trading costs

• Step-by-step demonstrations of directional and neutral positions

• Practical examples using SPX index options for real-world context

• Awareness of the risks and considerations associated with listed options and derivativesEnter some text...
Why Trade Index Options?

Index options give traders the flexibility to manage risk, gain broad market exposure, and take advantage of global opportunities —

all through efficient, cash-settled contracts available nearly 24/5.

Broad Market Exposure
Gain exposure to major market indices with a single trade.
Flexible Contract Sizes
Choose from SPX, XSP, or NANOS to match your trading goals.

Cash-Settled & No Early Exercise

Simplified settlement with no delivery risk.

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