Table of Contents
Lesson 1: Options Basics……………………...............................
1
1.1 The Call Option......................................................................................... 1
1.2 The Put Option........………………................................................................. 2
1.3 Rights and Obligation..……………...............................................................
5
La maggior parte dei trader sa che le opzioni perdono valore nel tempo, ma molti non si
rendono conto della relazione tra il decadimento del tempo e la volatilità implicita
che può influenzare il prezzo di un'opzione.
Le "greche" delle opzioni misurano i diversi
• Stock and index options can be used in two broad strategies:
To profit from my directional prediction for a stock or index (directional
strategies).
To profit from sideways channeling of a stock or index (nondirectional
strategies).
• Vertical option spreads are formed when I buy one option and then move up or down
one strike and sell that option.
• Vertical spreads are the building blocks for creating multilegged spreads such as
condor and iron condor spreads.
• The condor and iron condor spreads are classic nondirectional strategies.
The information in this presentation is presented for educational purposes only. It should not be construed
as a recommendation or solicitation to buy or sell options. Many examples of options trades are presented
in this presentation as illustrations of the principles being taught in this course. These examples are not
recommendations or solicitations to buy or sell any stock or option.
