Opcionario
The language of options, in English.
Learn options trading with clarity and confidence. Strategies, concepts, greeks, technical and fundamental analysis, portfolio management and calculators — explained step by step, with diagrams and real market examples.
Everything you need to know
Six complete sections to master options trading.
Strategies
60 strategies with P/L diagrams, construction, greeks, and step-by-step management.
Explore →Concepts
195 educational articles from fundamentals to advanced strategies.
Learn →Market
32 topics on stocks, ETFs, futures, bonds, forex and analysis.
Explore →Greeks
The 8 greeks with formulas, interpretation and importance gauges.
Study →Glossary
48 essential terms with English-Spanish translations and A–Z navigation.
Browse →Calculators
6 calculators: Black-Scholes, P/L, Probability, IV, Greeks and Position Size.
Open →Featured strategies
The most used by options traders.
Long Call
Compra de una opción call para beneficiarse del aumento del precio del activo subyacente.
Covered Call
Posesión de acciones más venta de call para generar ingresos sin riesgo de short ilimitado.
Iron Condor
Spread de venta bajista (short put spread) + spread de venta alcista (short call spread) para máximas ganancias en mercado neutral.
Long Straddle
Compra de put y call al mismo strike para ganar con movimiento de precio grande en cualquier dirección.
Cash-Secured Put
Venta de put garantizado con efectivo para generar ingresos con oportunidad de compra a descuento.
Calendar Spread
Venta de opción a corto plazo y compra de opción a largo plazo al mismo strike para aprovechar el decaimiento del tiempo.
Learning path
If you're new to options, follow this step-by-step path.
Take your trading to the next level
Opcionario is the theory. Opción Sigma is the practice — videos, courses and community.
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