Learn Academy · Choose a pathway
Listed contracts and option premium
Futures and options used to share this address. They are different contracts, so each now has its own course. This page stays so older links still land somewhere useful.
Fourteen lessons
Futures trading
Contracts, tick value, margin, expiration, hedging and a plan you type. Margin is collateral, not a loss cap.
Open the futures academySixteen lessons
Options trading
Calls, puts, premium, expiration payoffs, Greeks and multi-leg structures. The sketch is not a live mark.
Open the options academyWhat stayed here
The hypothetical notional exercise is still on this page. A price times a multiplier is notional. The cash posted as margin can be smaller, and that smaller number is not the most the position can lose.
If this browser already marked steps on the old combined list, those marks stay in local storage. They are not copied onto the new lessons, because the new lessons are longer and are not the same steps. Resetting one new course does not clear the other, and it does not delete the old marks.
Sources and review
Written by: WiT Markets Editorial. Writes and structures WiT Markets pages. Separates a sourced fact from a cell that is Not confirmed.
Review: Editorially reviewed. This is not a qualified specialist review and it is not a legal sign-off.
Last reviewed: . Next review due . The date is an editorial pass. It is not a live check of every third-party fee.
Regulatory and official sources
- U.S. Commodity Futures Trading Commission — checked 14 October 2026
- Investor.gov — checked 13 October 2026
Other sources
- CME Group — checked 13 October 2026
- Options Clearing Corporation — checked 13 October 2026
Methodology. Editorial policy. Corrections. Report an error.