Topic 17
Options and derivatives: contracts on other things
The highest-complexity lane, with the risk arithmetic assembled at the end rather than asserted at the start.
- 1What a Derivative Is: A Contract on Something Else10 min read
- 2Calls and Puts: Four Positions, Not Two10 min read
- 3Strike, Premium, Expiration: Reading the Contract9 min read
- 4Intrinsic and Time Value: Why an Option Decays10 min read
- 5American and European Style: When the Right Can Be Used8 min read
- 6The Greeks: Five Sensitivities, Not Five Predictions11 min read
- 7Implied Volatility and the VIX: What the Market Is Pricing10 min read
- 8How Options Are Priced: The Intuition and the Limits10 min read
- 9Three Basic Structures: What Each One Actually Costs You11 min read
- 10Spreads and Multi-Leg Structures: The Concept9 min read
- 11Assignment and Exercise: What Actually Happens at the End10 min read
- 12Futures: Both Sides Are Obliged10 min read
- 13Forwards and Swaps: The Private Contracts10 min read
- 140DTE and Weekly Options: Why Short-Dated Contracts Are Different in Kind10 min read
- 15Why Options Are High-Risk: The Arithmetic, Assembled11 min read
- 16Short Selling: Owing Shares You Never Owned11 min read