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Introduction to Options Basics

Continuing Education Credit: 1 hour*
*Available for fee-based courses only, please send us an email for more information.

Course Expiration: Course access expires 12 weeks from date of registration

Cost: Free



Course Overview:

If you are new to options, you may have heard that they are inherently risky or only for speculation, however options can be used in nearly every investing situation. This module will teach you the unique attributes of options as well as how to adopt a new thinking process that using options requires.

Trading options is different than trading stocks, but it doesn't have to be worrisome. Remember that having a balanced, diverse portfolio is one of the most important ways you can protect your investments. Using options is simply another way of broadening your investing opportunities.



Course Outline:

Overview and Options Basics

Basics of Call Options
- Definitions
- Why buy a call?
- Risks

Basics of Put Options
- Definitions
- Why buy a put?
- Risks

Open Interest, Long and Short Positions
- Definitions
- Open Interest/Position Summary Charts

Communication of an Option Order
- Required Elements
- Opening Purchase
- Opening Sale
- Closing Purchase
- Closing Sale

Intrinsic Value, Time Value and Parity
- Definitions

 

How to Register:
Step 1: Log into your MyCBOE account.

 

Step 2: Enter Registration Code

Please click here and enter optedu if prompted.

If you are taken directly to your Course Status Page, please scroll to the bottom for your Current Registration code. Please click on Change Registration code if it is NOT optedu



Step 3: Complete a Student Profile

Complete the student profile page and click on the submit button.



Step 4: Select your Courses

You should now be on your personalized Course Status Page which will list all of our available courses. To register, simply select the course name link.

 
Contact Us:

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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.