Topic
Guides
4 articles
Guide
How options expiration works: dates, exercise and settlement
A guide to options expiration: how expiration dates are set, what happens to in-the-money and out-of-the-money contracts, exercise, assignment, settlement and common pitfalls.
Guide
The options Greeks explained: delta, gamma, theta, vega
A plain guide to the options Greeks: what delta, gamma, theta, vega and rho measure, how they change, and how traders use them in the options market to size risk.
Guide
Implied volatility and the VIX explained
What implied volatility means, how option prices reveal it, how the Cboe VIX volatility index is built from S&P 500 options, and what it can and cannot tell you.
Guide
Options basics: calls and puts explained for the options market
A plain-English guide to how calls and puts work in the options market: strike price, premium, expiration, who takes which side, and the main risks to understand.