Options Wheel Interactive Quiz

Drill CSPs (cash‑secured puts) and Covered Calls until it sticks.

Score
0 / 0

Leg

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Stock

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Strike

—

Premium (per sh.)

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1) Status

2) Intrinsic Value (per share)

3) Seller P/L (per share)

Cheat Sheet

Quick Rules

Put (CSP): ITM if Stock < Strike. Intrinsic = max(Strike − Stock, 0)
Call (CC): ITM if Stock > Strike. Intrinsic = max(Stock − Strike, 0)
Seller P/L per sh.: Premium − Intrinsic
1 contract = 100 shares

House Analogy

CSP = You agree to buy the house at Strike; if market is lower, your “overpay” is intrinsic. CC = You agree to sell the house at Strike; if market is higher, the buyer’s “discount” is intrinsic. In both cases you keep the upfront money (premium). Net per share = premium − intrinsic.