Tier 3 · AdvancedFree
Markets and Derivatives
Not From Calculus
11 modules~80 min totalVerifiable certificate on completion
Syllabus
01What an Option Actually IsMath
8 min02Delta — How Much Does the Option Move?Math
8 min03Gamma — How Fast Does Delta Change?Math
8 min04Theta — The Cost of TimeMath
8 min05Vega — Volatility SensitivityMath
8 min06Rho and Putting It TogetherMath
8 min07The Option Premium
7 min08The Arbitrage Proof
6 min09The Hedge That Didn't
7 min10The Swap
6 min11The Structured Product
6 minFrom Module 1 — read a sample
A call option is the right to BUY a stock at a set price; a put is the right to SELL. You pay a premium upfront for this right — like buying event insurance. If the thing you feared (or hoped for) doesn't happen, you lose only the premium. If it does happen big, your profit can far exceed the insurance cost.
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