Open TradingFlowOption contracts: what you are buying
Identify a contract from its underlying, type, strike and expiry, and turn a quoted price into dollars.
Builds on Lesson 3, Trading an option: from chain to order. That lesson found a contract in a chain; this one names it exactly, turns its quote into dollars, and ties each price to a moment.
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Try it yourself
Interactive lesson on option contracts
Interactive lesson on option contracts
Check yourself
Apply what you just explored to a guided case with feedback, then to a new case on your own. It's optional: moving on and your study mark don't depend on it.
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Interactive steps are optional practice. Continue whenever you are ready; moving on does not mark this lesson as studied.