Free Download Options Platinum By J.L. Lord – Random Walk Trading
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This comprehensive course is structured into two standalone parts:
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Advanced Stock Hedging
Owning stocks comes with inherent risk, but this can be controlled by applying strategies such as married puts or collar trades. The drawback of purchasing puts is cost — at-the-money puts are often too expensive, so traders generally opt for out-of-the-money contracts. This, however, creates a vulnerable gap between the share price and strike, exposing the position to losses.
By skillfully applying put spreads or butterfly strategies, traders can achieve nearly the same protection as a straight put purchase, but at a fraction of the cost. Even better, the long butterfly can be positioned right at ATM or moved ITM, giving immediate coverage.
This section is essential knowledge for anyone committed to professional stock trading.
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Unbalanced 1-5
Those familiar with the Practical Home Study Course will already understand the advantages of trading the SPX index against the OEX index. Typically, the spread between these two indexes shrinks during market declines and expands during rallies, enabling carefully designed trades that profit when the market moves as expected — with little to no downside when it moves the other way.
After mastering the 1-5 spread, traders can “amplify” the setup by adding more long spreads without generating a debit. These positions can serve as either an inexpensive hedge or a cautious directional play with limited risk exposure.
For anyone interested in how top OEX traders manage risk while creating setups with strong profit potential and minimal upfront cost, this material is invaluable.
You’re essentially getting two resources in one, making it an unmatched value.
FORMAT: Books
LEVEL: Level 5 – MBA
OTHER INFORMATION: Paperback, 173 pages; Prerequisite: Practicals HomeStudy



