How to Use the Elliott Wave Principle to Improve Your Options Trading Strategies

Course 2: Range Bound Strategies

Learn how to anticipate and take advantage of sideways markets using Elliott wave and butterflies, condors and other related option strategies.

  • Format: On-Demand Course - 2 hours | eBook - 43 pages
  • Instructor: Wayne Gorman
  • Level: Intermediate

Learn how to effectively combine Elliott Wave and options strategies

This exciting course is the second of a multi-part series of options trading courses that will teach you how you can use the Elliott Wave Principle to improve your options trading. (Note: The first options trading course on Vertical Spreads is not a prerequisite for this options trading course.)

EWI Senior Tutorial Instructor Wayne Gorman walks you through real-life market examples to show you how Elliott wave and options strategies combine to form a formidable team that helps you improve your trading. Wayne also reveals certain "wing spread" and "income-generating" strategies that take advantage of sideways markets with low volatility. These strategies include:

  • Covered Put/Call
  • Bear Call Spread
  • Bull Put Spread
  • Long Butterfly
  • Long Condor

Here's what you'll learn:

  • Which wave function, actionary (main trend) or reactionary (countertrend), serves as the optimal context
  • Which wave structure provides the best opportunity for a successful trade, and which do not
  • Which wave position provide you the optimal entry
  • Does the strategy work better at a relatively higher degree or lower degree
  • How to apply Elliott's rules and guidelines, including Fibonacci ratios
  • How to anticipate sideways markets and the type of wave structure that may unfold
  • What type of wave structure should precede your entry point and why
  • Where to set entry, target and exit levels
  • When to hold a position until expiration
  • How to achieve the optimum risk/reward ratio
  • How to fine tune strike prices and expiration dates

Bonus: Order now and get Basics of the Wave Principle FREE ($79 value)

This 90-minute online video covers all the basics of the Elliott Wave Principle -- from its rules and guidelines, to wave personalities, to wave structures, to Fibonacci relationships. By the time you're done, you'll know how to spot the basic formations in price data and what to expect next.

Meet Your Instructor

Wayne Gorman

Wayne Gorman, CEWA-M Senior Tutorial Instructor

Wayne Gorman is head of EWI's Educational Resources. With more than 30 years of experience as a risk manager and trader, he began his career at Citibank where he managed trading positions in money markets and derivatives. He traded full time with his own capital for more than four years before joining Elliott Wave International.


Choose Your Format:

On-Demand Course

2 hours | Intermediate

Price: $79


43 pages | Intermediate

Price: $79

Order by Representative Mon-Fri, 8am-5pm EST
Contact EWI Customer Care at 800-336-1618 or 770-536-0309 (Internationally) or Online Chat and you will get a fast, friendly, knowledgeable person to assist you. Please be sure to mention code: SCS