Option Samurai Blog

I noticed that Philip Morris (PM) may be entering a slightly bullish phase. IV rank is high (above 75%) so I sold a put

Download our free options cheat sheet with 15 strategies explained visually - including P&L tables, Greeks, and breakeven formulas. Your go-to quick reference.

Learn how a call option payoff diagram works, how profits and losses are calculated, and how long and short call positions behave at expiration.

Amazon (AMZN) looks at the beginning of a (potentially) positive cycle, and IV is not low (IV rank above 60%), so I sold a put expiring in a month

Learn how currency option trading works, including foreign exchange options, US currency options, and more.

A clear explanation of the Black and Scholes option pricing model, covering the formula, inputs, method, put pricing, and real-world limitations.

I opened a short put position on BKNG today. The stock is widely oversold so I'm ok with either getting assigned shares (and do a wheel with a covered call) or rolling this down and further in time a few times. But since BKNG is quite expensive, I'll probably aim for rolling.

A clear guide to vanilla options, the standard call and put options traded in markets, and how they differ from exotic options.

I opened a short put position on ADBE today. The stock is widly oversold so I'm ok with either getting assigned shares (and do a wheel with a covered call) or rolling this.

Confused by strike prices? We break down in the money vs out of the money options using simple logic and real-world examples.