BPT TUTORING PRESENTS

OPTIONS ROULETTE

Learn options by seeing how the positions fit together.

Start with your market outlook. See which positions match it, then learn whether you're buying a right or taking on an obligation.

What is your market outlook?
Now, what is your objective?

Buy Call

Right to BUY

Bullish • Pay premium

Sell Call

Obligation to SELL

Bearish / neutral • Receive premium

Sell Put

Obligation to BUY

Bullish / neutral • Receive premium

Buy Put

Right to SELL

Bearish • Pay premium

LONG → ONLY LOSES THE PREMIUM
Buyer pays premium and gets a RIGHT.
SHORT → ONLY GAINS THE PREMIUM
Seller receives premium and takes an OBLIGATION.

SEE THE STRATEGY PLAY OUT

MAX GAIN—
MAX LOSS—
BREAKEVEN—
Choose an expiration price to see the result ↓
CONTINUE TO THE FULL OPTIONS LEARNING LAB →

Full member version: practice modes, stock + options, straddles, spreads, and exam-style questions.

Educational securities-exam study tool. Not investment advice. This visual exercise does not model real-world option pricing or roulette probabilities.