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DJX Long Strangle

In this example, the Dow Jones Industrial AverageSM (DJIA) has seen some large swings in the past three weeks. The CBOE... (more)

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The Options Institute

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Suggest an options question or read the questions your peers are asking. A new question is chosen weekly.

If I were to trade a spread, long a 110 call and short a 120 call for a debit of 3.40. Could I place a sell order for a credit of 6.60 and wait for it to hit the sell order assuming that is the maximum return on my investment?

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The CBOE Futures Exchange is a new Futures Exchange owned by CBOE.The CBOE Stock Exchange. Dedicated crossing desk - crosses are free! Find out more.

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Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options (ODD). Copies of the ODD are available from your broker, by calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, Illinois 60606. The information on this website is provided solely for general education and information purposes and therefore should not be considered complete, precise, or current. Many of the matters discussed are subject to detailed rules, regulations, and statutory provisions which should be referred to for additional detail and are subject to changes that may not be reflected in the website information. No statement within the website should be construed as a recommendation to buy or sell a security or to provide investment advice. The inclusion of non-CBOE advertisements on the website should not be construed as an endorsement or an indication of the value of any product, service, or website. The Terms and Conditions govern use of this website and use of this website will be deemed acceptance of those Terms and Conditions.

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CBOE-TV Channel Guide

Introducing the Strategy and Education channel

Expand your options trading expertise with CBOE-TV's new Strategy & Education channel. Each show provides in-depth options trading discussions hosted by the biggest names in the business including Larry McMillan, Dan Sheridan, and others. Click now to view!

Options Safari w/ Dan Sheridan

Watch well-known options educator Dan Sheridan on CBOE-TV's newest weekly show, Options Safari!

In the Money with Angela Miles

Don't miss CBOE-TV's newest program, In the Money with Angela Miles, featuring the latest options-specific market news, exclusive interviews with traders from the floor of CBOE, and much more! Click now to view!

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