Options, with the whole position in view
For someone who has heard about premium income and wants the full accounting.
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- Step 113 min
Options from the beginning: calls, puts, and the Greeks in plain wordsWhat a contract actually is, what the numbers on the screen mean, and why an option's value before expiration is not the same as its payoff at expiration.
- Step 212 min
Covered calls: the whole position, not just the premiumSelling a call against stock you own puts money in your pocket today and gives something up tomorrow. Look at both halves, or the premium will look like free money when it is not.
- Step 311 min
Cash secured puts and the wheelSelling a put with cash set aside is a paid promise to buy stock at a price you chose. The wheel chains that promise to a covered call. Both deserve a full accounting.
Progress is kept with the rest of your place. A path is a suggested order, not a curriculum you must finish.