Options Trading

🌱 Beginner Topics

📚 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 Strategies Recap

Test your knowledge of options trading strategies. Select the best answer for each question.

What is a covered call strategy?

Buying a call option and 100 shares of stock Owning 100 shares of stock and selling a call option against it Buying both a call and a put option Selling both a call and a put option

What is a bull call spread?

Buying a lower strike call and selling a higher strike call Buying two calls at different strikes Selling a put and buying a call Buying a call and selling a put

What characterizes an iron condor strategy?

Maximum profit when stock moves significantly Maximum profit when stock stays within a range Unlimited profit potential No initial premium received

What is a straddle?

Buying a call and put at different strikes Buying a call and put at the same strike Selling a call and put at different strikes Buying two calls at different strikes

Which strategy profits from a decrease in volatility?

Long straddle Long strangle Short iron condor Short straddle