Three steps into options pricing: what each Greek measures in dollars, how implied volatility becomes an expected move, and how to read a payoff diagram.
New to trading? Work through Trading Foundations first — this path assumes you can already size a position from a stop.
Options · 4 min read
Attach a dollar figure to each Greek on a real position.
Practice
Read the Greeks on a 30-day at-the-money call, then shorten it to 7 days and watch theta.
Open the Option Greeks calculator →Options · 4 min read
Turn an IV percentage into the range an option is pricing over a set number of days.
Practice
Find the 30-day expected move at 20% IV, then double IV to 40% and compare.
Open the Expected Move calculator →Options · 3 min read
Compute the worst case on a short put before the position is opened.
Practice
Chart a 95-strike cash-secured put collected for $2.50 and read the breakeven.
Open the Options Profit calculator →The steps build on each other — the position sizing in step three depends on the stop placement in step two.
Read: Options Greeks: Delta, Gamma, Theta and Vega →