Strike Wise · Options, translated

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What it costs per day. What has to happen for you to make money. What could quietly kill it. Drop a trade in. We'll show you exactly what you're committing to.

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Calls, puts, strikes, expirations, the Greeks, breakeven, IV. A primer that assumes you're smart, not that you're a pro.

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Why trade options?

An example trade · Mar 2020 → Jan 2021

The case for understanding the contract

It's March 23, 2020. SPY closes at $222.95 after a 35% drop. You believe the market recovers by January. You have $10,000 to deploy.

Two paths. Same conviction. Wildly different outcomes. Because options multiply not your money, but your read on the market.

History: SPY actually closed at $368.79 on January 5, 2021 — a 65% recovery from the bottom.

$10,000 deployed · two pathsSame conviction · wildly different outcomes

Path A · Buy shares45 shares of SPY at $223. Sell at $369.+$6,563+65% return · A solid year

Path B · Buy calls5 Jan 2021 $225 calls at ~$20. Sell at ~$144.+$62,000+620% return · 9× the dollars