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Two brokerage accounts (there is no minimum funding required
to open either account)

1. For underlying stock RESEARCH — Use TD Ameritrade
trading platform:

….Underlying stock information is extensive and easy to use – $0 Commissions

2. To OPEN and CLOSE Spread Orders – Use TastyWorks trading platform

….Specializes in options and option information is extensive

TDAmeritrade has a Paper Money feature to test strategies.
TastyWorks does not have a Paper Money feature


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There are stacks of books, seminars and dart boards on choosing an underlying stock. The best tip?

You have decided on an underlying stock that you feel
confident will increase in value.

 Do RESEARCH for underlying stock on TDAmeritrade trading platform:


  1. Log In to TDAmeritrade

2. Enter stock symbol in “Symbol lookup” (upper right)

3. Click on “Company Profile”

4. Click on “News”

5. Click on “Charts”
(TDAmeritrade Stock Chart)

6. “Bid and Ask” is the difference between the bid(sell) price
that someone will pay, and the ask(buy) price someone
is willing to sell an underlying stock. The thinner the
difference, the cheaper to open the trade. Example: Bid …. Ask
35.05 …. 35.08 = 3 cents difference.

7. “B/A Size” represents the amount of all stock that is
available to immediately buy or sell at a
specified price. Example: 300 x 2300 means there
are 300 shares to sell and 2300 shares to buy.

Fill out each blank of the following template for guidance in
selecting an underlying stock and Bull Call Spread options:


DEBIT Spread: Bull Call Spread – a/k/a: Debit Call Spread 0r — Long Call Vertical


Fill out this Worksheet from information on General Motor’s Stock Chart.

Date:___________ Stock Price $______

Name of Stock:__________Symbol:___ Print chart:___

Any important news about stock?_____

STOCK CHART: Need Hi/Lo “zig-zag”:___

Stock price today: Low:$______ High:$_____

Bid ….. Ask: $______ $_______ -want difference to be low (liquidity)

B/A Size: _______/________ – want a large difference

General Motors Option Chain:

Fill Out This Worksheet from Information on General Motor’s Option chain

Question #1: How do you calculate a option’s Volume and Open Interest?
A.___Multiply the premium by 100
B.___Both shown on Option Chain
C.___Subtract the strike prices from each other
D.___Call a broker

Question #2:
If Bid/Ask is: 35.05 and 35.08
What is spread of the above Bid/Ask Spread:
A. ___ $300
B. ___3¢

Question #3: If B/A Size is 300 X 2300, there are:
A.___there are 2300 shares to buy
B.___there are 2300 shares to sell
C.___there are 2600 shares to buy
D.___there are 300 shares unaccounted for.


Question #4: Open Interest is:
A.___the time the Market opens.
B.___the number of contracts exchanged
C.___the number of contracts that exist
D.___the transparency of the option market

Answers: #1: B — #2: B — #3: A –#4: C

OPEN and CLOSE ORDERS on TASTYWORKS trading platform


1. Desktop (Windows device)

2. Web Browser (ios Device) (I-pad)

3. Mobile App (Cell phone) (Apple app Store, or
(Google Play Store)

1. DESKTOP – TastyWorks main trading platform –
A stand alone Windows device application. It
can be downloaded by going to TastyWorks site
Click on “Technology” tab (The trading platform
will have a black screen.)

2. WEB BROWSER – TastyWorks web browser trading platform –
accessed by using a web browser (i.e.Google)
This platform can be used as your backup
if you are working away from your Desktop.

3. MOBILE APP – TastyWorks Mobile App trading platform –
Those of you on-the-go can visit
Tastyworks on your Android (Play Store)
or iOS (Apple Store) to download.

How to Navigate WEB BROWSER Trading Platform:

A. Click on “Trading Platform”
B. Insert Stock symbol – Enter
C. Click on “Strategies” (drop down)–
D. Choose “Vertical” and “Long Call Vertical” – GO
E. Click on “Table” (option chain comes up)
F. Choose Expiration Date
G. Strategy confirmation (upper right)


cartoon with magnifying glass searching


Hot Stock/Option FREE Picks-and-Tips Especially for you as you Learn!

Below – Stock Pick analyzed: “Take the Letter T’s (Time-Warner & Turner Out of AT&T?”

Conveyor belt removing two items and throwing them in river

Each week I analyze a HOT stock/option pick, with a touch of animated humor, and explore behind the scenes influence on the stock price – facts for the savvy trader Mom to overpower the Wall Street bull and make extra money! (Free, No Cost Ever)

If you’d like to take a look – CLICK HERE