The course

A free course, in English and French, built around the calculator: every idea starts with something to play with. In the works.

Introduction: puts, calls, buying, selling

What an option is, the right and the obligation, the buyer and the seller, for a put as for a call.

The wheel, chapter by chapter

  1. Before you start: risks, and what this course is not
  2. The stock and its market
  3. Selling a put: the first turn of the wheel
  4. The contract: strike, expiry, 100 shares, premium
  5. In or out of the money, time value
  6. What you commit, what you earn
  7. Time works for the seller
  8. Risk: delta, probability, gamma
  9. Volatility
  10. The four endings of an option: expired, bought back, assigned, rolled
  11. From the calculator to your broker: placing and tracking your order
Meanwhile, practice with the calculator.