_The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships so we may get a share of the revenue from your purchase._ [options trader]Scott Olson / Getty ImagesThere are lots of different ways to invest your money. You can buy big, sell short, get involved with mutual funds, bonds, and much more; the only thing limiting how and where you invest your cash is your knowledge of how the market works and the amount you’re willing to risk. Many of us have at least a working understanding of stock market basics. You do your research, invest in a stock, and if your research was solid and the price goes up, you’re making money. But IF YOU’RE INTERESTED IN LEARNING MORE WAYS TO PLAY THE MARKETS AND DIVERSIFY YOUR INVESTMENTS, YOU MAY WANT TO LOOK INTO OPTIONS TRADING. The most succinct explanation of the asset comes from Investopedia: an option is a contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specific price on or before a certain date. When that date comes, you can either choose to act on the option, or decline and eat the loss of the cost of the contract. It’s important to note that options trading involve a lot of risk, and thus it’s important to know what you’re doing. If you dabble in the stock market and want to get involved with options trading, UDEMY IS OFFERING A BUNDLE OF CLASSES THAT COULD BE OF GREAT USE TO YOU. The three courses will take students through the basics of how options trading works, as well as the underlying theories and mathematics involved when evaluating potential investments. Once you have a strong foundational knowledge, you’ll learn more of the nuance involved in options trading, including concepts like time decay, and “The Greeks,” which are used to measure the sensitivity of an options point at any given time. This bundle of 'options trading' courses normally runs for $149, but through the end of February you can get all three for just $19 with the code “INSIDER229” at checkout. Options involve a lot of risk, so it’s important to be well-informed before diving in too deep. But if you’re ready to widen the breadth of your potential investments, these classes might be the perfect place for you to start. OPTIONS TRADING BASICS (3-COURSE BUNDLE), $19 (ORIGINALLY $149), AVAILABLE AT UDEMY. [87% OFF WITH THE PROMO CODE INSIDER229]
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