Beginner
Calls and puts from both sides of the contract
Begin with the four basic positions. A call or put describes a right, while buying or selling determines whether you hold that right or accept an...
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Options Trading Guide
Understand calls and puts, analyse option prices and build strategies for direction, income and protection. Follow ten stages from contract basics to advanced structures and disciplined trade management.
Start with Calls and puts from both sides of the contract, then follow the next lesson links. Explore 40 lessons with worked examples, exercises and further reading.
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Options Foundations · All lessons
Options Foundations
Understand calls, puts, premiums, contract specifications and the option chain.
Beginner
Strike price expiration and contract specifications
An option ticker is only the beginning. Read the strike, expiration, multiplier, exercise style and settlement method before calculating exposure.
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Beginner
Option premiums debits credits and expiration payoffs
Premium is the price of an option, not its potential profit. Learn to separate intrinsic value, time value and the cash direction of a trade.
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Beginner
Reading option chains liquidity and open interest
The option chain is a comparison table, not an execution promise. Use its quotes, activity and contract identifiers together.
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