Video course

Options Trading for Beginners

One strategy per lesson: what it pays at expiration, where it loses, and how to manage it — every number worked on screen with a made-up stock. Then go practice it in the game.

Also in Chinese: 期权精讲 →

7 h 31 min in total

The series is complete: all 32 lessons are live.

Practice with:Training GroundVolatility LookupP&L CalculatorIncome Screener

Beginner · Single legs and stock pairings

For: New to options · After it you can: read a quote, use the four basic trades (buying calls and puts, covered calls, cash-secured puts) and insure the shares you own

Intermediate · Spreads and volatility structures

For: Comfortable with single legs · After it you can: build spreads, straddles and iron condors with two or more legs, and price what each structure's ceiling, floor and odds really cost

Advanced · Ratio spreads, pricing, hedging and volatility

For: Comfortable with spreads and calendars · After it you can: build ratio spreads and backspreads, grasp arbitrage and pricing models, hedge a portfolio with index options, take apart a structured note, and read volatility and vega

All figures are made-up teaching data. Educational content only — not investment advice.