Tier 2 · Essentials · Options
Calls, puts, and the Greeks
Core options language and the Greeks.
- 1Calls and putsWhat call and put options are, strike, expiry, and premium, intrinsic vs time value, in/at/out of the money, and how to calculate breakeven and maximum loss for a long option.
- 2The GreeksDelta, gamma, theta, vega, and rho explained in plain language — how each changes an option's price, how time decay accelerates, and why implied volatility can make you lose money even when you're right.
