By Lawrence G. McMillan

For all of you beginners out there, we've recently posted an Option Basics webinar on the McMillan Youtube channel. The seminar was receorded several years ago and is part of our 16 Seminar Home Study Course, but most of the information still is relevant. Watch below:

The Option Basics seminar contains the following information:

• Definitions: Describing options
• Option markets
• Intrinsic value; examples
• Relationships; examples
• Factors influencing the price of an option
• Pricing curves
• Basic terms: call options
• Basic terms: put options
• Time value premium decay
• Option trading details
• Mechanics of exercise & assignment
• Assignment on expiration day
• Anticipating early assignment
• Dividends and assignment
• Symbols, definitions and examples
• Wraps symbols
• LEAPS option symbols
• Stock splits and spinoffs
• Caution regarding adjustments
• Position and exercise limits
• Order entry
• Considerations for index options
• Index settlement price
• Considerations for futures options