Glossary/ Options
Options
Expiry
The date on which a contract ceases to exist. Everything about an option changes shape as this date approaches.
Where this comes up
Lessons that use the term in context, which is usually more useful than the definition on its own.
- Volume behind the move — Participation, read underneath price.
- Read the payoff before the price — Maximum loss, maximum gain and breakeven, in one picture.
- What you are paying for — Intrinsic and time value, separated properly.
- Delta, in plain language — How much the option moves when the underlying moves.
Nearby terms
Call option · Delta · Greeks · Implied volatility · Intrinsic value · Open interest