POTM review
Professional Options Trading Masterclass
Professional options trading: pricing, the Greeks and defined-risk structures for expressing a macro view.
A professional options course that ITPM positions as the specialist follow-on to IPLT and PTM; the structures make more sense once the portfolio material is already familiar.
Standard price $3,499 discounted price $2,449.30 with code potmrich30pct, save 30%
12-month course access
- Format
- Online video · 12-month access
- Prerequisites
- ITPM's recommended sequence is IPLT → PTM → POTM. POTM can be purchased separately, but it works best after PTM.
- Tools unlocked
- Core Workbench + Options Toolkit
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Reviewed by
Richard Sarsfield
Richard spent more than 25 years in institutional asset management. He took the ITPM courses himself and reviews them on their merits. He is not an ITPM employee, mentor or spokesperson.
- Last updated
- 6 September 2026
- Course facts last verified
- 17 August 2026
My verdict on POTM
The POTM extends the PTM process into options: pricing theory, the Greeks, volatility surfaces, and how options can be used to express a macro or sector view with defined risk, not as isolated strategies. Its main strength, in my view, is that it doesn't teach options in a vacuum. Each strategy is tied back to the macro thesis and portfolio construction taught in the PTM.
The volatility material is the section I found most useful: understanding implied versus realised volatility, and how to judge whether options are cheap or expensive relative to expected moves. It follows ITPM's recommended sequence: the macro and portfolio foundations from the PTM first, then options as the instrument. ITPM says the strategies can be replicated in a retail account, so the question is experience rather than account size.
What the options material covers
$3,499 covers Online video · 12-month access. The material builds on the PTM macro work instead of teaching options in isolation:
- Options pricing theory: Black-Scholes, Greeks, and how professionals actually use them
- Directional options strategies: using options to express macro views with defined risk
- Volatility trading: understanding vol surfaces, skew, and term structure
- Professional options portfolio construction: how to size options positions within a broader portfolio
- Earnings trades: using options around corporate events with asymmetric risk/reward
- Advanced spread strategies: verticals, calendars, and ratio spreads in practice
The structures worth spending time on
The course treats options as portfolio instruments. Pricing, volatility, the Greeks and payoff shape are all tied back to the view you are trying to express.
- Teaches options the way professionals actually use them
- Builds directly on the PTM macro analysis instead of teaching options theory in isolation
- The asymmetric risk/reward is the appeal, used with discipline
Who will get the most from it
Choose POTM if options are the market you want to understand. It can be bought separately, and it pairs with the macro and portfolio approach taught in the PTM, which is why ITPM's recommended sequence puts PTM first. If you want to express a macro view with defined, modelled risk, this is the course that teaches it.
Why taking PTM first helps
POTM can be purchased separately, although ITPM positions it as the specialist follow-on to IPLT and PTM. In my view, the options structures make more sense once the portfolio material is already familiar. The Options Structure Lab helps make the mechanics concrete before capital is committed.
POTM pairs naturally with PTM in ITPM's recommended sequence
It can be purchased separately, and the two work well together: PTM gives you the macro and portfolio thinking that POTM then applies to options. The discounts here cover both courses, and the comparison page lays out the sequence if you want it.
Options complexity means more time needed to implement
The Options Structure Lab is the direct answer. Enter the prices you're actually seeing and it shows the theoretical payoff, breakevens, maximum modelled loss and net Greeks for a defined-risk structure before you place anything, so you practise the mechanics with nothing at risk. Modelled outcomes, not promises: real fills, fees, slippage, assignment and early exit all move the result.
If you enrol through this site
What you get with the POTM
Core Workbench + Options Toolkit
Enrol in the POTM through a link on this site and I'll add 12 months' access to the Workbench once ITPM verifies the referral: practical planning, sizing and review tools for your own trades. Enrolling in ITPM elsewhere doesn't qualify.
Options Structure Lab. Example data.
Core Workbench
Comes with any ITPM course, including IPLT.
- Trade Plan Card
- Position Sizer: free for everyone
- Trade Journal
- Plan Adherence Review
Options tool pack
Added on top of the Core Workbench with the POTM.
- Options Structure Lab
- Macro Dashboard: free market context for everyone (email signup)
No extra charge and no separate checkout.
Current POTM offer
Standard price $3,499 discounted price $2,449.30 with code potmrich30pct, save 30%
12-month course access
You pay ITPM directly.
Ask Richard which course fits
Course questions come directly to me. Tell me what you already trade and what you want out of the POTM, and I'll tell you whether it's the right one for you or whether another course is a better fit.
Prices, discounts and course terms are set by ITPM and may change at any time. Last checked 17 August 2026. Please verify the final price and terms at ITPM checkout.