learn by flying — the instrument teaches itself
Tours 1 Read the diagram How to read a payoff picture, from plain shares to your first contracts. 4 min 2 The price of possibility Why an option costs more than it is worth today. 2 min 3 Time What a quiet month does to a contract, from both sides. 3 min 4 Volatility How much drama the market is pricing, and the earnings ambush. 2 min 5 The greeks The dials you have been turning, given their names. 2 min 6 Building blocks Income, spreads, and the condor assembled from pieces. 3 min 7 Staying alive Sizing, the last days, and other seatbelts. 2 min 8 Earnings night Replay the IV crush from both sides of the trade. 5 min Captions guide, you fly. About 23 minutes for all 8, two to five each; every tour stands alone and remembers your place. Start at 1 if options are new to you.