Option Samurai Blog

Understand intrinsic vs extrinsic value in options, including definitions, examples, and how time and volatility impact option prices.

We've added advanced trade chart controls, resizable table columns, and major mobile improvements. Plus, a rebuilt blog and education hub, a free options cheat sheet, and ongoing bug fixes make Option Samurai smoother than ever.

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

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.