Chapter 1 - Introduction
Introduces what a long call is, what some of the benefits are, and what the position looks like graphically. This chapter also explains how long calls can be components of more complex trades.
Chapter 2 - Strategy Overview
In this chapter the benefits of a long call position are explained along with profit potential, loss potential, break-even point, the effect of volatility change and the passage of time.
Chapter 3 - Strategy Specifics
This chapter takes a hypothetical call purchase and then comprehensively expands on each of the sub-topics of Chapter 2. This chapter finishes by explaining the effects of a dividend on a long call position and how the early exercise of the call would enable the call holder to participate in the dividend.
Chapter 4 - Choices
This chapter explains how the choice of month and strike correlate to risk and reward. It also discusses how motivations lead us to risk vs. reward assumptions, which then lead us to corresponding months and strikes.
Chapter 5 - Alternatives
The alternatives of a long call position prior to expiration are explained.
Chapter 6 - Conclusion
This chapter ties together all the previously discussed concepts.
Chapter 7 - Review
Review of what you have learned.
OIC121P: Terminology & Mechanics
OIC122P: Covered Calls
OIC101W: The Options Basics Webcast