Khan Academy Static

Options allow investors and speculators to hedge downside (or upside). It allows them to trade on a belief that prices will change a lot--just not clear about direction. It allows them to benefit in any market (with leverage) if they speculate correctly. This tutorial walks through option basics and even goes into some fairly sophisticated option mechanics.

12764_Actual_option_quotes.html

12748_American_call_options.html

12753_Call_payoff_diagram.html

12765_Option_expiration_and_price.html

12760_Arbitrage_basics.html

12749_Basic_shorting.html

12755_Put_as_insurance.html

12752_Put_vs_short_and_leverage.html

12763_Put_call_parity_clarification.html

12754_Put_payoff_diagram.html

12756_Put_call_parity.html

12759_Call_writer_payoff_diagram.html

12750_American_put_options.html

12761_Put_call_parity_arbitrage_I.html

12757_Long_straddle.html

12758_Put_writer_payoff_diagrams.html

12762_Put_call_parity_arbitrage_II.html

12751_Call_option_as_leverage.html