Optionistics

Stock Options Tutorial

A free five-chapter introduction covering the basics of options through complex strategies — 29 sections in total.

Chapter 1 — Introduction to Options

  1. Introduction to Stock Options
  2. What is an Option?
  3. Definition of Option Terms

Chapter 2 — Objectives of Trading Options

  1. Objectives of Trading Options
  2. Minimize Risk
  3. Leverage
  4. Growth
  5. Capture Market Volatility
  6. More Definitions

Chapter 3 — Option Pricing Factors

  1. Option Pricing
  2. Underlying Price vs. Strike
  3. Option Term
  4. Volatility
  5. Dividends
  6. Interest Rates

Chapter 4 — Theoretical Option Pricing

  1. Pricing an Option
  2. The Significance of Volatility
  3. Data Quality and Models
  4. Expected Returns
  5. Identifying Unusual Volatility

Chapter 5 — Complex Option Strategies

  1. Common Complex Strategies
  2. Covered Calls
  3. Spreads
  4. Straddles
  5. Strangles
  6. Collars
  7. Butterflies, Condors and Wingspreads
  8. Conversions
  9. Synthetic Positions