EODHD Academy

Options, Explained

Options until they finally click — the right-not-obligation asymmetry, what a contract is worth and why, the Greeks in plain language, and what writing one really costs.

4 units · 16 lessons · 68 min read · plus hands-on practice, at your pace

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What are you actually buying when you buy an option?

Calls, Puts and the Asymmetry · 4 min read · practitioner

Start the first lesson

Unit 1 Calls, Puts and the Asymmetry

  1. What are you actually buying when you buy an option? 4 min
  2. What has to happen for a call to make money? 5 min
  3. What does a put pay for, and when does it pay? 4 min
  4. Who is on the other side, and why is their risk shaped differently? 5 min
Practice Check · Unit 1 A short check · cannot be failed Start

Unit 2 What an Option Is Worth

  1. What does it mean for an option to be in the money? 4 min
  2. Why does an option cost more than it would pay out today? 4 min
  3. Why does an option lose value even when nothing happens? 4 min
  4. What is the market paying for when it pays for uncertainty? 5 min
Practice Check · Unit 2 A short check · cannot be failed Start

Unit 3 The Greeks, Without the Calculus

  1. How much does an option move when the stock moves? 4 min
  2. Why does delta refuse to stay still? 4 min
  3. Which Greek measures the fear, and which measures the clock? 4 min
  4. How do the Greeks describe one position at once? 4 min
Practice Check · Unit 3 A short check · cannot be failed Start

Unit 4 Exercise, Assignment and Simple Structures

  1. What actually happens when an option is exercised? 4 min
  2. What are you really doing when you write a call against stock you own? 4 min
  3. What does buying a put alongside stock actually cost you? 4 min
  4. What have you actually learned about options? 5 min
Practice Check · Unit 4 A short check · cannot be failed Start

Last Course exam

One exam, the whole course Unlocks when you have read all 16 lessons

Passing it earns the course certificate. It also counts toward the Trader track (course 6 of 9): pass every course exam in a track to earn its track certificate.