Options Intro

Lesson 1: Calls and Puts What call and put options are, and how each one pays off as the stock moves. Lesson 2: In, At and Out of the Money (ITM, ATM, OTM) How an option's strike compares with the stock price, and why it matters. Lesson 3: Value and Parity An option's value — what it's worth now versus its time value — and how calls and puts are linked. Lesson 4: Option Spreads Buying one option and selling another to shape your risk and reward. Lesson 5: The Greeks Delta, gamma, theta and vega: how an option's price reacts to the stock, time and volatility. Lesson 6: Call vs. Put Spreads When to build a spread with calls and when with puts.