Level 1: Payoffs and profit

The payoff of an option or a forward, the profit after an option’s premium, open interest, and how two positions compare.

• Payoff and profit of a call option
• Payoff and profit of a put option
• Selling an option
• Payoff of a forward contract
• Open interest
• Comparing positions
• Mixed practice: all six skills

Level 2: Forwards and futures →