Delta Interval Options Class        

The Basics

1. Pretext
2. Why Options
1. Transfer of Risk
2. Protect Your Portfolio
3. Speculate on the Direction of the Market
4. Proceed With Caution
3. What is an Option?
4. Two Types of Options
5. The Four Basic Option Positions
6. Need to Know Terms
   

Types of Options & Features

1. Types of Options
   1. Stock Options
   2. Index Options
   3. Other types of options
2. Types of Settlement
   1. Physical Settlement
   2. Cash Settlement
3. Exercise Styles
   1. American Style
   2. European Style
4. Dates
   1. Last Trading Day
   2. Expiry Date
   3. Settlement Day
      1. Trading Options
      2. Exercising Options
   New Terms

Valuation of Options

1. Option Premium
2. Time Value
   1. Time to Expiry
   2. Volatility of Underlying
   3. Opportunity Cost
   4. Time Decay
   5. Time Value & Risk
   6. Time Value & Probability of Profitability
3. Intrinsic Value
4. New Terms
   

Basic Options Strategies

1. Review of Terms
   1. Long vs. Short
   2. Buy vs. Write (sell) / Open vs. Close
   3. Covered vs. Uncovered (naked)
   4. Exercise & Assignment
2. Long Call
3. Short Call
   1. Naked Call
   2. Covered Call
4. Long Put
   1. Speculative Put
   2. Protective Put
5. Short Put
   1. Naked Put
   2. Short Put Covered by Cash
6. Summary of Strategies
   

Getting Started

1. Closing an Option Position
2. Opening an Account
3. Proceed With Caution
4. Stay Within Your Risk Tolerance!
5. Registered Accounts
   

Review

1. Frequently Asked Questions
2. Basic Options Glossary
   

Test

1. Multiple Choice
2. Answer Key

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