Learn Options Trading
Welcome to our options education center. The topics below are organized from foundational concepts to more advanced material. We recommend starting with the basics if you are new to options trading.
Beginner Topics
What Are Options?
An introduction to options contracts, how they work, and why traders use them.
Calls and Puts
Understanding the two fundamental types of options: call options and put options.
Strike Price and Expiration
How strike prices and expiration dates affect option pricing and strategy selection.
Option Pricing Basics
Understanding intrinsic value, time value, and what determines an option's premium.
Options Chain Reading
How to read and interpret an options chain to find the right contracts.
Intermediate Topics
The Greeks
Delta, Gamma, Theta, Vega, and Rho — essential measures of option risk and sensitivity.
Implied Volatility
Understanding how implied volatility affects option prices and trading decisions.
Exercise and Assignment
What happens when options are exercised or assigned, and how to manage these events.
Ready to Apply Your Knowledge?
Once you understand the basics, explore our Options Strategies section to learn how to combine options for different market outlooks.