KNOW THE CONTRACT AND ITS EXPOSURE

Options practice.

Study hypothetical expiration payoffs and the assumptions behind a strategy before considering its use.

Use these resources alongside your learning. Explore Education or bring your questions to the free workshop.
Educational calculator · Hypothetical inputs · Standard 100-share contracts · Fees, taxes, early exercise, and assignment are omitted.

AT EXPIRATION

The chart shows expiration P&L, not an option's value before expiration.

Investor.gov: options basics ↗