In today's episode of Forward Guidance, class is back in session with Imran Lakha as the attending professor. Going through the basics of options, Lakha turns his attentions not only to the absolute fundamentals, but to the whys and hows of options, explaining their use, what can affect them, and when and where they should not be used. Not only is this a perfunctory lesson in options but a deeper dive into their function into the economic world for beginners and masters alike of the macro trade. Filmed on March 15, 2022.
Lakha on Twitter: @options_insight
Farley on Twitter: @JackFarley96
Blockworks on Twitter: @Blockworks_
Timestamps
00:00 Introduction
00:50 Why Use Options?
13:24 Fundamentals of Options: Calls, Puts, and Payouts
18:50 What Affects The Price Of Options?
20:45 Straddles and Strangles
22:30 Collars ("Risk Reversals")
24:30 The Greeks
30:14 Protective Put vs. Put Spread
39:50 Macro
49:32 Commodities
1:00:25 Fed Meeting
1:07:48 Inappropriate Uses Of Options
