ArticleAug 11, 202616 min
Capstone, a simple options playbook
A practical options playbook works best as a repeatable weekly process. Start with the contract terms, translate premium into cash, reject poor liquidity, match expiry to the intended holding period, use implied volatility as a strategy filter, choose from a short list of defined structures, and write exit rules before entry.
learnbeginnerRead articleArticleAug 12, 202614 min
Time value and volatility
Option premiums are not just a verdict on direction. They combine intrinsic value with extrinsic value, and that extrinsic portion is shaped by time remaining and the market’s pricing of uncertainty. This article explains how time value works, why options are wasting assets, how implied volatility affects both calls and puts, and why event risk can make two otherwise similar expiries behave very differently.
learnbeginnerRead articleBlogAug 19, 202611 min
Options contracts in practice
A practical guide to how listed options contracts work at account level, from premium and multiplier to exercise, assignment, expiry and the difference between physical, cash and futures-related settlement.
learnbeginnerRead postBlogAug 19, 20269 min
Time value and volatility
A practical guide to how option premiums split into intrinsic and extrinsic value, why time value falls as expiry approaches, and how implied volatility and event risk can change premiums even when the underlying barely moves.
learnbeginnerRead postArticleAug 11, 202617 min
Options contracts in practice
This article explains how listed options contracts work in practice, from selecting a contract and paying premium to exercise, assignment, expiry and settlement. It keeps the focus on the mechanics that shape real account outcomes, especially the role of the multiplier, the difference between American and European style exercise, and the practical distinction between physical, cash and futures-related settlement.
learnbeginnerRead articleBlogAug 19, 202612 min
Capstone, a simple options playbook
A practical options playbook works best as a repeatable weekly process. Start with the contract terms, convert premium into cash, check what exercise or assignment could create, reject poor liquidity, match expiry to the holding period, use implied volatility as a strategy filter, choose from a small set of defined structures, and write exit rules before entry.
learnbeginnerRead post
