A guided path from "what is an option?" to reading skew and track records — start at unit 1 and work down, or jump straight to what you need. Every lesson has three depths: a quick answer, worked examples, and the formal detail. Your progress lives in your browser.
A hypothetical $100-strike option bought for a $5 premium. Slide the stock price to see what the option is worth at expiration and how the position ends up after the premium. Mechanics only — this is a teaching toy, not market data.
Hypothetical mechanics illustration ($100 strike, $5 premium, per share). It shows how payoffs work — it is not data, a strategy, or a suggestion. Why the premium matters →
Check yourself
1/10
Ten quick questions on the course. Instant feedback, one-line explanations, no grades kept — miss one and you learn exactly which lesson to open.
Educational content only — nothing on this page or in these lessons tells you what to trade.
