CBOE Options courses

The CBOE courses are frequently cited as a great free resource for people interested in understanding the practicalities of option trading.

In these notes, I have frequently borrowed images from Daniels Trading, which has succinct overviews of various strategies (including example scenarios and calculations).

Language of options

Introduction to option pricing

Implied volatility (IV)

Index options

Basic strategies with index options

Option strategies

Vertical spreads

Backspreads and ratio spreads

Time spreads (a.k.a calendar spreads)