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Unclaimed ProfileThis specialized Options Trading course, designed by financial market strategist Winston Wee, provides a clear and structured pathway to understanding and exploiting the volatility index (VIX) via the VXX ETF. Volatility trading can often seem intimidating to retail traders, but this course demystifies the mechanics of implied volatility, specifically focusing on the mathematical phenomenon of Contango and Backwardation. Students will learn why the VXX is fundamentally designed as a decaying asset over the long term, and how to harness this structural drag to design high-probability options trading strategies. Winston guides learners through the core concepts of volatility term structure, explaining why Contango creates an inherent advantage for options sellers and strategic buyers. Rather than relying on speculative market timing, the course introduces a disciplined, rule-based approach with clearly defined entry and exit criteria. This is particularly beneficial for intermediate traders looking to diversify their portfolio beyond standard stock options, risk managers wanting to hedge volatility, and income-focused investors looking for consistent mathematical edges in the derivatives market. By the end of this training, participants will have a comprehensive framework to confidently execute VXX options trades under varying market conditions.
About the creator
Winston Wee
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Winston Wee is an experienced financial educator and active derivative trader specializing in strategic options writing, commodity trading, and systematic volatility strategies. With a deep focus on risk-managed wealth generation, Winston designs practical curriculum specifically tailored for retail traders looking to navigate complex financial markets with confidence. His teaching philosophy bypasses overly theoretical math, focusing instead on mechanics, actionable rules, and realistic expectation-setting. Winston's portfolio of courses on AllPros spans from foundational retirement investment philosophies to specialized options playbooks, such as selling commodity options, trading the SPY ETF for smaller accounts, and exploiting market fears via the VIX and VXX…Show more
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Program Overview
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Learning format
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Price
Price may change · updated within 1–2 weeks
Course language
What You'll Learn
- Grasp the fundamental differences between Contango and Backwardation and how they impact the pricing structure of VIX futures.
- Understand the structural design of the VXX ETF, specifically why it experiences long-term decay, and how to position your portfolio to benefit from this decay.
- Learn how to analyze implied volatility (IV) and historical volatility to identify optimal entry points for VXX options trades.
- Implement a step-by-step, rule-based options trading strategy with clearly defined entry, management, and exit rules to minimize emotional bias.
- Deploy risk-managed options spreads, such as credit spreads or long puts, to safely exploit the decaying nature of volatility exchange-traded products.
- Master capital allocation and risk management techniques specifically tailored for high-volatility environments to protect trading capital.
Best For
- Intermediate options traders seeking to diversify portfolios with volatility-based strategies
- Income-focused investors looking for rule-based methods to exploit structural ETF decay
- Traders who want to understand the mechanics of VIX futures, Contango, and term structure
- Risk managers aiming to hedge against volatility swings using high-probability derivatives
Not For
- Absolute beginners who have no prior knowledge of how options contracts or Greeks work
- Day traders looking for high-frequency scalping strategies or intraday price action analysis
- Investors seeking fundamental equity analysis or stock-picking methodologies
- Traders who prefer speculative, directional betting over mathematical, rule-based edge exploitation
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