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The Options Institute

The Options Institute offers three categories of tutorials:

Options Basics
People and Electronics: How a Trade is Made
Advanced Strategies

Within each category, you can select one of the tutorials. Tutorials can last anywhere from 10 to 30 minutes. To ensure you've understood the material, each tutorial ends with a short, multiple-choice quiz. If you don't understand all of the terminology, you can easily access the Options Dictionary while taking the tutorial. To take a tutorial, click a tutorial topic from one of the three categories.



Options Basics

Options Overview
Learn the fundamentals of listed options.
Duration: Approximately 20 minutes

Introduction to Options Strategies
Learn the basics of Calls and Puts.
Duration: Approximately 20 minutes

Expiration, Exercise and Assignment
Learn how to manage options positions.
Duration: Approximately 15 minutes

Options Pricing 1
Learn about options pricing and the fundamentals of determining the option price.
Duration: Approximately 25 minutes

Options Industry Today
Learn the role of CBOE, investors, and the OCC.
Duration: Approximately 15 minutes

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People and Electronics: How a Trade is Made

The Human Component
Learn about CBOE, traders, and order types.
Duration: Approximately 15 minutes

Market Controls
Learn about fast markets and unusual trading situations.
Duration: Approximately 10 minutes

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Advanced Strategies

Selling Puts
Learn how and why you sell puts.
Duration: Approximately 20 minutes

Vertical Spreads
Learn the basics and considerations for vertical spreads.
Duration: Approximately 25 minutes

Options Pricing 2
Learn about pricing components and changes.
Duration: Approximately 30 minutes

Buying Stock with a Ratio Call Spread
Learn the basics and details of buying stock with a ratio call spread.
Duration: Approximately 30 minutes

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Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options (ODD). Copies of the ODD are available from your broker, by calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, Illinois 60606. The information on this website is provided solely for general education and information purposes and therefore should not be considered complete, precise, or current. Many of the matters discussed are subject to detailed rules, regulations, and statutory provisions which should be referred to for additional detail and are subject to changes that may not be reflected in the website information. No statement within the website should be construed as a recommendation to buy or sell a security or to provide investment advice. The inclusion of non-CBOE advertisements on the website should not be construed as an endorsement or an indication of the value of any product, service, or website. The Terms and Conditions govern use of this website and use of this website will be deemed acceptance of those Terms and Conditions.