Stock Options Academy

Options, explained properly: swipeable lessons, a Q&A after each one, and pricers you can drag. Free throughout, no ads, and honest about how options lose money.

Stock Options Academy teaches you how options and derivatives actually work - from what a call and a put are, through payoff diagrams, to the Greeks and the models used to price them.

This is a learning app, not a trading app. It places no real trades, connects to no brokerage, and moves no real money.

HOW IT WORKS Short, swipeable lesson cards explain one idea at a time. Each lesson ends with a few questions so you find out whether it landed. Points, streaks and levels track your progress and unlock what comes next.

WHAT YOU WILL LEARN

• Calls, puts, strikes, expiry and premium
• Reading and drawing payoff diagrams
• Why an option loses value as expiry approaches
• The Greeks: delta, gamma, vega, theta, rho
• Black-Scholes-Merton, and what it assumes
• Spreads, straddles, strangles, covered calls, protective puts and collars
• Monte Carlo simulation, barrier and basket options, and stochastic volatility

HONEST ABOUT RISK Options can and do expire worthless: a long option can lose 100% of the premium paid. Some strategies carry very large or theoretically unlimited losses. Every lesson states the downside plainly. Nothing here is presented as easy money, because it is not.

INTERACTIVE PRICERS Move a slider and watch the price and the payoff respond. The engine underneath is the real mathematics - Black-Scholes-Merton in closed form, Monte Carlo for path-dependent payoffs - with its assumptions stated wherever it is used.

PRACTICE MARKET A fake-money simulator for trying out what you have learned. Balances are simulated, fills are idealised (no spreads, no fees, no slippage) and market data is delayed. Simulated results tell you nothing about real-world outcomes.

A DAILY HABIT A daily ticker puzzle and a weekly leaderboard give you a reason to come back. Leaderboard bots are labelled as bots - their scores are never passed off as people.

EDUCATIONAL ONLY Stock Options Academy is not financial, investment, tax or legal advice, and is not a recommendation to buy or sell any security. Models are simplified; real markets differ in ways that matter, including liquidity, bid/ask spreads, dividends, early exercise and fees. Past or simulated performance does not indicate future results.

Everything here is free. There are no in-app purchases, no subscription and no adverts. An account is needed to save your progress; we ask for a username and a password, never an email address.