Open Exam Prep

[Series 65] 32, Options Basics Calls and Puts

April 25 · 3 min · 3.3 MB
0:00-3:28

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This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
- The fundamental rights of call and put option buyers.
- How to calculate an option's intrinsic and time value.
- The distinction between an option being "in-the-money" versus the breakeven point.
- Key terminology for option buyers and sellers that you will see on the exam.
- A simple mnemonic to remember the desired market direction for call and put buyers.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep