LEARN TRADING PRODUCTS

The VIX Volatility Index is a cash-settled index that gives traders context around implied moves in the S&P 500 on a 30-day, forward looking basis. Learn about the nuances of the VIX, and how it relates to VIX futures contracts.

Options on futures allow traders and investors to gain more dynamic exposure to futures markets. Futures options settle to a specific futures contract prior to settling to cash or a physical product. Learn more about the nuances of futures options.

Futures and options are both derivative contracts that can be bought or sold and used for speculation and hedging purposes, but their trading characteristics vary greatly. Learn more here.

Learn how to trade options with our step-by-step guide for beginners. Understand the fundamentals like calls and puts, risk management, and more.

Discover what options are and how they work. Learn about calls, puts, strike prices, and how intrinsic and extrinsic value come into play.

A long call option is a bullish, defined risk strategy that benefits from a stock price increasing.

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.

A short call option is a bearish, undefined risk short premium strategy. Learn how to trade it.

A long put vertical spread is a bearish, defined risk debit strategy. Learn more here.

A short put vertical spread is a bullish, defined risk short premium strategy. Learn how it works and how to trade it.

A long call vertical spread is a bullish, defined risk debit strategy. Learn how to trade it.

A short call vertical spread is a bearish, defined risk, short premium strategy. Learn more here.

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.

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.

A long call diagonal spread blends a call calendar and a long call vertical spread into the same idea.

A long put diagonal spread blends a long put vertical spread and a put calendar into the same idea. Learn more here.