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

Options Introduction Recap

Test your knowledge of basic options concepts. Select the best answer for each question.

A stock is trading at $100. Which option gives you the right to buy at $95?

AAPL is at $175. Which position has unlimited risk?

What happens if you don't exercise an in-the-money option by expiration?

TSLA is trading at $250. Which option has the highest probability of profit?

Which factor does NOT affect option premium?

META announces earnings in 2 days. What typically happens to option prices?

Which strategy has defined risk (cannot lose more than initial investment)?

You buy a $50 call for $2 when the stock is at $48. What's your breakeven price?