Options allow you to take a view not just on the direction of a market, but also the volatility and timing of the moves that you anticipate. Mastering options allows a trader to play in multiple dimensions as opposed to just focusing on the direction of the underlying.
Key learning objectives:
Understand the two basic option types
Understand the concept of “ATM”, “OTM” and “ITM”.
What are Call options?
What are Put options?