Calls and Puts Explained

About this course

A short, visual course on the two building blocks of every options strategy. Understand long and short calls and puts, break-even prices, maximum profit and maximum loss.

What you will learn

• Explain the rights and obligations of calls and puts
• Draw payoff diagrams
• Calculate break-even, max profit and max loss
• Match positions to market outlooks

1. Module 1

   Introduction

   1 lessons
   • Welcome to Calls and Puts ExplainedVideo · 6 min · Free preview

2. Module 2

   Core Principles

   1 lessons
   • Options Contracts: Strike, Expiration and PremiumVideo · 6 min

3. Module 3

   Position Structure

   1 lessons
   • Long vs Short OptionsVideo · 6 min

4. Module 4

   Financial Analysis

   1 lessons
   • Reading an Option ChainVideo · 6 min

5. Module 5

   Risk Management

   1 lessons
   • Sizing Options PositionsVideo · 6 min

6. Module 6

   Real-World Examples

   1 lessons
   • Example: Selling a Covered CallVideo · 6 min

7. Module 7

   Case Study

   1 lessons
   • Case Study: One Year of Covered CallsCase study · 7 min

8. Module 8

   Final Assessment

   1 lessons
   • Final AssessmentQuiz · 3 min

Member reviews

• “Clear, practical and immediately useful. The worked examples made the numbers click.”

  RBRaymond Brennan · Aug 24, 2026
• “Clear, practical and immediately useful. The worked examples made the numbers click.”

  VBValerie Brennan · Jul 7, 2026
• “Great instructor. I rebuilt my underwriting model after the financial analysis module.”

  TLTrevor Lindgren · Nov 5, 2025
• “Clear, practical and immediately useful. The worked examples made the numbers click.”

  FAFrances Alvarez · Nov 5, 2025