Advanced Option Lessons
A hands-on options curriculum covering real trading concepts. Read the lessons, work through examples, and test your knowledge.
OVERALL ACADEMY PROGRESS
CURRICULUM SYLLABUS
1.0: Introduction to Options & Contract Specifications
What an option contract actually is, the five terms that define every contract, and the multiplier that trips up most beginners.
1.1: Call Options — Buying and Selling Mechanics
Long and short calls with full dollar math, breakeven calculation, and an honest look at why most long calls expire worthless.
1.2: Put Options — Buying and Selling Mechanics
Long puts as insurance and short puts as income, with the assignment math that determines whether selling puts is safe or reckless.
1.3: Option Moneyness & Value Structure
ITM, ATM, and OTM defined precisely, why the same strike is simultaneously all three depending on type, and what moneyness implies about probability.
1.4: Option Pricing — Intrinsic vs. Extrinsic Value
Decompose any option premium into its two components, calculate both from a live quote, and understand what you are really paying for.
1.5: Reading an Option Chain
Every column on a broker's option chain explained, plus how to spot an untradeable contract before you place an order.
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