Trading using Options Sentiment Indicators

Yes, you will be awarded with a certification from QuantInsti after successfully completing the online learning units.

No, there are no live or classroom sessions in the course. You can ask your queries on community and get responses from fellow learners and faculty members.

Yes, you can ask your queries related to the course on the community: https://quantra.quantinsti.com/community

Fast-speed internet connection and a browser application are required for this course. For best experience, use Chrome.

There is no admission criterion. You are recommended to go through the prerequisites section and be aware of skill sets gained and required to learn most from the course.

We respect your time, and hence, we offer concise but effective short-term courses created under professional guidance. We try to offer the most value within the shortest time. There are a few courses on Quantra which are free of cost. Please check the price of the course before enrolling in it. Once a purchase is made, we offer complete course content. For paid courses, we follow a 'no refund' policy.

Some of the course material is downloadable such as Python notebooks with strategy codes. We also guide you how to use these codes on your own system to practice further.

We focus on teaching these quantitative and machine learning techniques and how learners can use them for developing their own strategies. You may or may not be able to directly use them in your own system. Please do note that we are not advising or offering any trading/investment services. The strategies are used for learning & understanding purposes and we don't take any responsibility for the performance or any profit or losses that using these techniques results in.

Quantra environment is a zero-installation solution to get beginners to start off with coding in Python. While learning you won't have to download or install anything! However, if you wish to later implement the learning on your system, you can definitely do that. All the notebooks in the Quantra portal are available for download at the end of each course and they can be run in the local system just the same as they run in the portal. The user can modify/tweak/rework all such code files as per his need. We encourage you to implement different concepts learnt from different learning tracks into your trading strategy to make it more suited to the real-world scenario.

No. We provide you guidance on how to create strategy using different techniques and indicators, but no strategy is plug and play. A lot of effort is required to backtest any strategy, after which we fine-tune the strategy parameters and see the performance on paper trading before we finally implement the live execution of trades.

You can learn with or without coding knowledge. If you would like to do the analysis on excel, we would suggest you to start with course on Statistical Arbitrage in Trading. You can create and test your trading strategies using excel.

Alternatively, you can do the course on Python for Trading which will help you gain knowledge in all these fields: Python, Analysis and Financial markets.

Lifetime access means that once you enroll in the course, you will have unlimited access to all course materials, including videos, resources, readings, and other learning materials for as long as the course remains available online. There are no time limits or expiration dates on your access, allowing you to learn at your own pace and revisit the content whenever you need it, even after you've completed the course. It's important to note that "lifetime" refers to the lifetime of the course itself—if the platform or course is discontinued for any reason, we will inform you in advance. This will allow you enough time to download or access any course materials you need for future use.

The CBOE Volatility Index known as VIX, is a measure of the implied volatility over the next 30 days of the S&P 500 index options. It is calculated by taking the midpoints of the bid-ask quotes (that is the price of options), of the real-time S&P 500 index options.

TRIN is a popular indicator used to forecast the market direction and helps to understand the overbought and oversold market situations on an intraday basis. It is defined as the ratio of AD ratio and AD volume ratio.

TRIN = AD Ratio / AD Volume

AD ratio is defined as the number of advancing stocks divided by the number of declining stocks. Similarly, the AD volume ratio is the traded volume of advancing stocks divided by the traded volume of declining stocks.

Advancing stocks are the stocks that have closed higher than the previous day's close while declining stocks are the stocks that have closed lower than the previous day's close.

The traded volume of put and call options reflects the sentiment among investors. Put call ratio (PCR) is defined as the traded volume of put options to the traded volume of call options. A PCR greater than one indicates that more number of put options are traded than the call options. This implies that the sentiment is bearish among put buyers, and the market is expected to go down in the near future. A ratio of less than one indicates that more call options are being purchased than put options. This implies that the overall sentiment is bullish among call buyers, and the market is expected to move upward in the near future.

The risk in trading refers to the degree of potential financial loss inherent in an investment decision. Financial risks are broadly classified into two categories; unsystematic and systematic risk. Unsystematic or specific risk is the risk that is associated with a particular company or a specific sector. Such types of risks do not affect other firms or other industries in the market. Examples of such specific risk would be indefinite strike by the staff of a particular company. Systematic risk or market risk is the risk associated with the entire market and economy as a whole, and not just one specific stock or a sector. The recession of 2008 (real estate bubble) is an example of systematic risk.