Options, Risk Math, and Psychology
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Explain what a call option is, what it costs, and what right it gives the buyer.
- 1. Open lesson 1: What a call option grants you.
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- 3. Save it to unlock: What a put option grants you.
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Track 6 - Options, Risk Math, and Psychology
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- Lesson 1NextWhat a call option grants youExplain what a call option is, what it costs, and what right it gives the buyer.Start this lesson now.
- Lesson 2PreviewWhat a put option grants youExplain what a put option is and what right it gives the buyer.Preview only. Resume stays here.
- Lesson 3PreviewStrikes and expiriesExplain the two numbers that define every option contract — strike price and expiration date.Preview only. Resume stays here.
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- Chapter 1Current9 lessons
Options Anatomy
Calls, puts, strikes, expiries, premium. The vocabulary.
- 1.What a call option grants youExplain what a call option is, what it costs, and what right it gives the buyer.3 minNext
- 2.What a put option grants youExplain what a put option is and what right it gives the buyer.3 minPreview
- 3.Strikes and expiriesExplain the two numbers that define every option contract — strike price and expiration date.3 minPreview
- 4.Intrinsic vs extrinsic valueBreak down option premium into the part that's 'real money now' (intrinsic) and the part that's hope-and-time (extrinsic).3 minPreview
- 5.ITM, ATM, OTMDefine the three 'moneyness' states an option can be in and how they affect risk, cost, and probability.3 minPreview
- 6.Exercise vs assignmentExplain what happens when an option is exercised by the buyer and assigned to a seller.3 minPreview
- 7.American vs European styleExplain the two main exercise styles and which products use each.3 minPreview
- 9.The option chain anatomyWalk through how to read an option chain — the grid of strikes, expiries, prices, and volume that every trader scans.3 minPreview
- 10.Reading the option ticker symbolDecode the standard US option symbol format so you can identify any contract at a glance.3 minPreview
- Chapter 2Preview10 lessons
The Greeks Visually
Delta, gamma, theta, vega, rho. Taught with motion charts.
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- Chapter 3Preview8 lessons
Vertical Spreads
Bull call, bear put, debit vs credit.
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- Chapter 4Preview10 lessons
Iron Condors and Butterflies
Defined-risk multi-leg strategies.
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- Chapter 5Preview9 lessons
Risk Math Deep Dive
Kelly, expectancy, Sharpe, drawdown math.
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- Chapter 6Preview9 lessons
Position Sizing in Detail
R multiples, sizing across markets, the math under pressure.
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- Chapter 7Preview10 lessons
Trading Psychology
The internal game. Loss aversion, recency bias, revenge trading.
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- Chapter 8Preview10 lessons
Building a Career
From hobbyist to consistent trader. The honest landscape.
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