Options Trading

🌱 Beginner Topics

1. Introduction to Options
Basic concepts, calls vs puts, rights & obligations
2. Buying & Selling Options
Understanding option positions and basic strategies
3. Strike Price & Expiration
Choosing strikes, understanding expiration

📚 Intermediate Topics

4. The Greeks
Delta, gamma, theta, vega, and risk management
5. Option Strategies
Spreads, straddles, covered calls, and more
6. Hedging Techniques
Portfolio protection and risk management

🎓 Expert Topics

7. Volatility & Skew
Advanced volatility concepts and trading
8. Market Makers & Flow
Understanding dealer positioning and hedging
9. Expiration Mechanics
Pin risk, max pain, and expiration dynamics

Expirations Recap

Test your knowledge of option expirations and their effects on trading. Select the best answer for each question.

What happens to theta decay as an option approaches expiration?

TSLA is at $250. Which option has highest gamma risk near expiration?

When do weekly options typically expire?

What is "triple witching"?

META is trading at $299.50 with 1 day to expiration. $300 calls are:

What typically happens to implied volatility near expiration?

AAPL $175 put expires tomorrow. Stock at $174.90. Best action?

Which expiration typically has the highest option volume?