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Stock Options 101

What options are, how contracts work and why investors use them.

Victor NguyenVictor NguyenOptions Strategist, 20 Years in DerivativesBeginner 14 lessons 1h 59m 4.3 (8)
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Members-only course. This course is included with club membership.

About this course

The starting point of the Stock Options Trader Path. Learn contract specifications, expiration, strike prices, premium, exercise and assignment, and the difference between using options for income, protection and speculation.

What you will learn

  • Explain option contracts, strikes and expiration
  • Understand exercise and assignment
  • Read an option chain
  • Compare income, hedging and speculative uses

Curriculum

8 modules · 14 lessons · 1h 59m

  1. Module 1

    Introduction

    2 lessons

  2. Module 2

    Core Principles

    2 lessons
    • Options Contracts: Strike, Expiration and PremiumVideo · 10 min
    • Calls and PutsWritten lesson · 7 min

  3. Module 3

    Position Structure

    2 lessons
    • Long vs Short OptionsVideo · 10 min
    • Covered CallsWritten lesson · 7 min

  4. Module 4

    Financial Analysis

    2 lessons
    • Reading an Option ChainVideo · 10 min
    • The Greeks: Delta, Gamma, Theta and VegaWritten lesson · 7 min

  5. Module 5

    Risk Management

    2 lessons
    • Sizing Options PositionsVideo · 10 min
    • Assignment and Early ExerciseWritten lesson · 7 min

  6. Module 6

    Real-World Examples

    1 lessons
    • Example: Selling a Covered CallVideo · 10 min

  7. Module 7

    Case Study

    1 lessons
    • Case Study: One Year of Covered CallsCase study · 11 min

  8. Module 8

    Final Assessment

    2 lessons
    • Final AssessmentQuiz · 4 min
    • Applied AssignmentAssignment · 9 min

Your instructor

Victor Nguyen

Victor Nguyen

Options Strategist, 20 Years in Derivatives

Victor spent two decades on institutional derivatives desks before teaching individual investors. His courses emphasize probability, position sizing and risk first.

Stock OptionsIncome StrategiesRisk Management
All courses by Victor

Member reviews

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

    DGDerek Goldberg · Sep 4, 2026

  • “Exactly the level of depth I was looking for. The downloadable tools are excellent.”

    VTVivian Takahashi · Dec 3, 2025

  • “Professional, concise and free of hype. Recommended for any member.”

    TLTrevor Lindgren · Sep 21, 2025

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