How to Trade Options: A Beginner's Guide
Learn how to trade options with our step-by-step guide for beginners. Understand the fundamentals like calls and puts, risk management, and more.
What Are Options & How Do They Work?
Discover what options are and how they work. Learn about calls, puts, strike prices, and how intrinsic and extrinsic value come into play.
Long Call Option Trading Strategy
A long call option is a bullish, defined risk strategy that benefits from a stock price increasing.
Long Put Options Strategy Explained
A long put option is a bearish, defined risk strategy that benefits from a stock price decreasing. Learn how it works and how to trade it.
Short Call Options Strategy Explained
A short call option is a bearish, undefined risk short premium strategy. Learn how to trade it.
Long Put Vertical Spread
A long put vertical spread is a bearish, defined risk debit strategy. Learn more here.
Short Put Vertical Spread Options Strategy Explained
A short put vertical spread is a bullish, defined risk short premium strategy. Learn how it works and how to trade it.
Long Call Vertical Spread
A long call vertical spread is a bullish, defined risk debit strategy. Learn how to trade it.
Short Call Vertical Spread Options Strategy Explained
A short call vertical spread is a bearish, defined risk, short premium strategy. Learn more here.
What is a Short Put Option & How to Trade it?
A short put is a bullish, short premium strategy where you assume the risk of 100 shares of stock at your strike price. Learn how to trade a short put.
Short Iron Condor Options Strategy Explained
A short iron condor is constructed by selling an OTM put spread and an OTM call spread in the same expiration. Learn how to trade it.
Long Call Diagonal Spread
A long call diagonal spread blends a call calendar and a long call vertical spread into the same idea.
Long Put Diagonal Spread
A long put diagonal spread blends a long put vertical spread and a put calendar into the same idea. Learn more here.
Long Call Calendar Spread
A long call calendar spread consists of a long and short call option on the same strike in different expirations.
Long Put Calendar Spread
A long put calendar spread consists of a long and short put option on the same strike in different expirations.
Analyzing Exposure with Options Greeks
Learn how to analyze options Greeks on the tastytrade platforms.
Covered Put Options Strategy
A covered put strategy combines 100 short shares with a short put. The put's risk is "covered" by the short shares.
Covered Call Options Strategy
A covered call strategy combines 100 long shares with a short call. The call's risk is "covered" by the 100 long shares.
What is Gamma in Options Trading
Gamma is the rate of change of an option's delta value given a $1 move in the underlying price. Learn more here.
What Are Options Greeks & How to Use Them
Options Greeks can help you understand how the price of your options strategy may change as markets move. Learn how the Greeks work and how to use them in your option trading strategies.
What Is Theta in Options Trading
Theta is the rate of decay of an option's extrinsic value given a 1 day passage of time. Learn more here.
What is Delta in Options Trading
Delta is the rate of change of an option's price given a $1 move in the underlying price. Learn more here.
What is Vega in Options Trading
Vega is the rate of change of an option's price relative to a 1% change in implied volatility. Learn more here.