Patrick Boyle

Avsnitt

• 
  What is a Call Spread? Financial Options - Financial Derivatives 20.09.2026 9min

  What is an options call spread?These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleWhat is a Call Spread?What is a Bull Call Spread?A bull call spread is an options strategy used when a trader is betting that a stock will have a limited increase in its price. The spread involves buying call options at a specific strike price and expiration date and selling an equal number of calls at a higher strike price for the same expiration date. A bull call spread is a type of vertical spread. An option position in which a call is purchased while another call on the same security is sold short. The two calls have different strike prices, different expiration dates, or both. Also called option spread.What is a Bull Call Spread? Bull call spreads are an options strategy that involves purchasing call options at a specific strike price ,while also writing the same number of calls on the same asset and expiration date but at a higher strike price. A bull call spread is used when a moderate rise in the price of the underlying asset is expected.How does it work?Since a bull call spread involves writing call options that have a higher strike price than that of the long call options, the trade requires an initial cash outlay, as you spend money on options premium. The maximum profit in this strategy is the difference between the strike prices, less the net cost of options. The maximum loss is limited to the net premium paid for the options.A bull call spread's profit increases as the underlying security's price increases up to the strike price of the written call option. If the underlying stock price increases beyond the strike price of the written option, the profit on the trade does not increase. Conversely, if the price falls below the strike price of the bought call option, losses are limited to the cost of the buying options.Make sure you watch Patrick's other videos on options combinations. Tomorrow we will look at put spreads and the next day at Butterfly Spreads.If you are new to options watch the playlist "An Introduction to Options"Trading and Pricing Financial Derivatives Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  The Crisis Hidden Inside the Iran War 20.09.2026 32min

  Take your personal data back with Incogni! Use code BOYLE at the link below and get 60% off an annual plan: https://incogni.com/boyleEquity markets have spent the past month treating the war in Iran like a minor inconvenience — a 'buy the dip' opportunity rather than a structural crisis. But while stock traders debate whether the President will 'TACO out' of the conflict, the real story is unfolding in the commodities that never make the headlines: LNG, helium, fertilizer, and aluminium. With the Strait of Hormuz effectively closed, Qatar's liquefaction plants in ruins, and Oxford Economics estimating the waterway will remain largely impassable until May, no Truth Social post is going to fix this. In this video, we look at why the physical damage to the region's infrastructure means the economic fallout will be felt long after the shooting stops — and why the winners and losers of this crisis are not who you'd expect.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  Factors That Impact Option Prices 20.09.2026 10min

  Factors That Impact Option Prices - Option TradingThese classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleFactors Impacting Stock Options PricesThe main factors impacting the premium price of stock options are:• The current stock price S0• Strike price agreed on K• Time to maturity/expiration T• Volatility of the stock price • Risk-free interest rate r• Dividends expected during option lifeThe Impact of Spot Prices on Option PricesThe price of the underlying is the key factor that determines the premium price of an option. The options payoff is the difference between the spot price and the strike price. The price of an option premium for a given strike price will change based on the price of the underlying stock.Long call options are more valuable when the underlying spot price increases.Long put options become more valuable when the underlying spot price decreases.Strike PriceThe strike price is the contracted price that will be exchanged in the event of the exercise of the option by the option buyer. Hence strike price plays a vital role in determining the premium price of an option. The exercise price will remain the same throughout the life of an option contract and will not undergo any change, with the earlier-noted exceptions of relatively rare corporate actions such as special dividend announcements and stock splits. Time to Maturity/ExpirationWith more time, there is more uncertainty. The more time to expiration, the greater the chance that there will be fluctuation in the price of the underlying to the advantage of one of the parties to the contract. Thus, the greater the time, the higher the time value of the option. An option’s premium price is directly related to the time remaining till expiration. The buyer of an option stands to gain if the option contract finishes in the money. If there is more time to expiration, the chance of the option ending in the money is higher. As the time to expiration of an options contract passes, the value of the option erodes.If an investor buys an option that is one year away from expiration, it will obviously be more expensive than a similar option that is only five minutes away from expiration. All options exhibit time decay and are wasting assets.The Volatility of the Stock PriceThe volatility of a stock price is a measure of how uncertain we are about future stock price movements. The standard deviation of the historical price movements of the underlying asset over a defined period of time is typically used to measure the volatility of that asset. The higher the volatility is, the more likely it is that an asset’s price will move up or down a lot. Thus, an option on a volatile asset is worth more than an option on an asset with little volatility. If a market becomes more volatile, the premium for option contracts, both puts and calls, would go up. Someone who bought options earlier would benefit if market volatility increases to the detriment of the person who sold the options to them.Interest RatesThe cost of carry depends on the risk-free rate of interest in the market concerned. The higher the interest rate, the higher the call option price and lower the put option price. The lower the interest rate, the lower the call option price and higher the put option price. Higher interest rates have two impacts on stock options valuations:1. Higher expected return on stock2. The present value of future cash flows of an option decreaseIf all else is kept equal, an increase in interest rates increases call prices and decreases put prices.Expected DividendsStock dividends are paid only to the holder of the underlying security on the rec Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  Canada is a Warning to the Rest of the World! 20.09.2026 36min

  Genspark has launched All-in-one AI Workspace 3.0.🔥 Genspark AI Workspace 3.0 is HERE!Powered by Genspark Claw — your smart AI agent that automates any daily task in one chat.Build workflows, run cloud tasks, scrape data, generate reports, and collaborate — all in one place, no code needed.🎁 NEW USER BONUSGet started with @GensparkProduct — free credits when you sign up: https://www.genspark.ai/?utm_source=yt&utm_campaign=PBoyle02Work smarter, not harder.👉 Start free today!#Genspark #WorkwithGensparkCanada has every advantage a country could ask for — vast natural resources, a stable democracy, world-class universities, and a highly educated population. So why has its GDP per capita fallen from 80% of the American level to around 70% in little more than a decade? In this video, we look at how a protected economy, a housing market that rewarded sitting still over building things, and a productivity gap that has been quietly compounding for thirty years have combined to create what the Bank of Canada called a "productivity emergency" — and what it might mean for the rest of the developed world.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  How Jane Street Made $4.3 Billion in India—Then Got Banned! 20.09.2026 27min

  ⭐️ Unlimited phone plan for $25/mo → https://bit.ly/TelloxPatrickBoyleJane Street, a prominent quantitative trading firm, has been at the center of controversy in India regarding its options trading activities. The Securities and Exchange Board of India (SEBI), have accused Jane Street of market manipulation and temporarily banned the firm from accessing the Indian securities market and are seeking to recover substantial profits, allegedly earned through these activities. The Indian regulators actions against Jane Street have sparked debate within the financial industry about the nature of sophisticated trading strategies and the potential for market manipulation.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  What is Put Call Parity? How does it work? 20.09.2026 8min

  Today we will learn about put call parity and how it works,These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleWhat is Put-Call ParityPut-call parity is a no arbitrage principle that specifies the relationship between the price of European put options and European call options, with the same underlying asset, strike price and expiration date. Put-call parity states that simultaneously holding a short European put and long European call of the same class will deliver the same return as holding one forward (or futures) contract on the same underlying asset, with the same expiration, and a forward price equal to the option's strike price. If the prices of the put and call options diverge so that this relationship does not hold, an arbitrage opportunity would exist, meaning that arbitrage traders would be able to earn a risk-free profit. Such opportunities are uncommon and short-lived in liquid markets.The equation expressing put-call parity is:C + PV(x) = P + Swhere:C = price of the European call optionPV(x) = the present value of the strike price (x), discounted from the value on the expiration date at the risk-free rateP = price of the European putS = spot price or the current market value of the underlying assetPut-call parity applies only to European options, which can only be exercised on the expiration date, and not American options, which can be exercised before. Watch Patrick's other videos on covered calls and protective puts to better understand this concept.Covered Call Video: https://www.youtube.com/watch?v=UlC9iM2Wh7IProtective Put Video: https://www.youtube.com/watch?v=MUs4jga-NAI&t=26sWhat is Put Call Parity? How does it work? put call parity formula Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  How Did the Metaverse Fail So Badly? 20.09.2026 34min

  🚀 Streamline your entire business with Odoo — the all-in-one, easy-to-use ERP platform that centralizes, automates, and scales your operations from sales and accounting to inventory and eCommerce 📈⚙️. Try Odoo for 15 days (no credit card required) 👉🏻 https://www.odoo.com/r/t7pIn October 2021, Mark Zuckerberg stood in front of the world and announced that the future of human interaction would be something called the metaverse. He was so confident about this that he renamed his three-billion-user company after it. Over the following four years, Meta spent $88 billion building a virtual world that almost nobody visited, featuring avatars that — for reasons that were never fully explained — did not have legs. Wall Street predicted five billion users. Consultants declared it too big to ignore. A man paid $450,000 to become Snoop Dogg's virtual neighbour. The metaverse peaked at around 900 daily users. This is the story of what went wrong, and what it cost.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  What is a Protective Put? Options Trading Strategies 20.09.2026 6min

  These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleWhat is a Protective Put? A protective put is a trading or investment strategy that investors can use to guard against losses in a stock or other asset. The put option acts like an insurance policy—it costs money, which reduces the investor's potential gains from owning the security but also reduces the risk of losing money if the security declines in value. A protective put is also known as a married put. Breaking Down the Protective Put Protective puts involve being long a stock and purchasing put options for that stock with a strike price that is near the underlying stock's current price or slightly out of the money. A protective put is typically used when an investor is still bullish on a stock but wishes to hedge against potential losses and uncertainty.Profit and Loss The maximum profit of a protective put is theoretically unlimited as the strategy involves being long on the underlying stock. If the stock keeps rising, the long stock position benefits and the bought put option isn't needed.The maximum loss is limited to the purchase price of the underlying stock less the strike price of the put option and the premium paid. The strike price of the put option acts as a barrier where losses in the underlying stock stop. The ideal situation in a protective put is for the stock price to increase, as the investor would benefit from the long stock position. In this case, the put option will expire worthless, but the stock will have increased in value.Take a look at my other two videos in this series, one on covered calls and one on put call parity where we learn the relationship between a protective put and being long a call option.Covered Call Video: https://www.youtube.com/watch?v=UlC9iM2Wh7IPut Call Parity Video: https://www.youtube.com/watch?v=LPrlfElGZJ0&t=0s Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  What are forward rates? What are forward rate agreements? What is an FRA? 20.09.2026 8min

  In todays video we will learn about forward interest rates and a derivative called a forward rate agreement or FRA.These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleWhat are Forward Rates?A forward rate is an interest rate implied for periods of time in the future by zero-coupon bonds. For example, the market implied yield on a three-month Treasury bill three months from now is a forward rate.If we know what the three-month zero-coupon Treasury bill rate is and what the six-month zero-coupon Treasury bill rate is, we can back out what the market is implying as the yield on a three-month Treasury bill three months from now.To calculate forward rates we just need the zero-coupon yield curve.What are Forward Rate Agreements?A forward rate agreement (FRA) is an over-the-counter agreement to borrow a fixed amount of money at a fixed interest rate at a specified future time period.Banks and large corporations can use FRAs to hedge future interest rate exposures. The buyer hedges against the risk of rising interest rates, while the seller hedges against the risk of falling interest rates. Speculators can use FRAs to make bets on future changes in interest rates.Rates in the future will usually be different from the implied rate at the time you entered into a forward-rate-agreement, giving rise to gains or losses on the agreed transaction.What is an FRA?An FRA is an abbreviated term for Forward Rate Agreement Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  An Introduction To Options - Revision Lecture 19.09.2026 1h

  Buy The Book Here: https://amzn.to/2Vo18lnFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  Prediction Markets Are a Scam With a Chart 19.09.2026 33min

  Level up your note-taking with Plaud NotePro at https://bit.ly/4c9s3bC and use code “PBOYLE” for 10% OFF!Amazon: https://bit.ly/483LfoU#PLAUD #NoteTakerPrediction markets like Kalshi and Polymarket have been described as "truth machines" that produce more accurate forecasts than traditional polling. In this video we look at how they actually work, why the federal government is fighting individual states over who gets to regulate a bet on a football game, how a soldier allegedly used classified military intelligence to win money on a crypto betting site, and why quantitative trading firms are now paying traders $200,000 a year to build algorithms that systematically take money from retail bettors. We also look at the political connections behind these platforms, the academic research on the social cost of making it very easy to gamble from your phone, and why — after all of this — you still can't trade futures on onions.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  What is a Covered Call? - Options Trading 19.09.2026 7min

  What is a Covered Call? - Options Trading StrategiesThese classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleA covered call (oftenalso called a "buy-write" strategy) is a financial market transaction in which the seller of call options owns the corresponding amount of the underlying security, such as shares of a stock or other securities. According to put call parity, the strategy has the same payoffs as being short a put option. (See my video on put call parity)The long position in the underlying instrument is said to provide the "cover" as the shares can be delivered to the buyer of the call if the buyer decides to exercise. Writing (or selling) a call generates income in the form of the premium received from the option buyer. And if the stock price remains stable or increases, then the writer will be able to keep this income as a profit, even though the profit may have been higher if no call were written. The risk of stock ownership is not eliminated. If the stock price declines, then the overall position will lose money. Since in equilibrium the payoffs on the covered call position is the same as a short put position, the price (or premium) should be the same as the premium of the short put or naked put.Watch Patrick's Other Videos On This TopicProtective Put Video: https://www.youtube.com/watch?v=MUs4jga-NAI&t=26sPut Call Parity Video: https://www.youtube.com/watch?v=LPrlfElGZJ0&t=1s Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  Energy Markets are on the Verge of a Disaster! 19.09.2026 32min

  They can't harm you, if they can't find you! Use code BOYLE at the link below and get 60% off an annual plan: https://incogni.com/boyleThe stock market just hit a record high. Meanwhile, captains in the Persian Gulf are turning off their transponders and sneaking through the Strait of Hormuz in the dead of night. Only five ships made it through yesterday. The seaborne oil buffer that insulated the global economy in the early weeks of the conflict is now completely exhausted, and the knock-on effects - from jet fuel shortages in Europe to a fertilizer crisis threatening this year's harvest - are only just beginning to show up in the data. In this video, we look at why the physical commodity markets are telling a very different story to the stock market, and what happens when the world's most critical trade route is caught between two competing blockades.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  Exercising Options - How and why do you exercise an options contract? Put Options and Call options 19.09.2026 7min

  These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleExercising OptionsCalls and put options give the owner the right to buy or sell a stock at a certain price by a certain date. When the owner of that call or put option has an option that is "in-the-money" and decides to buy or sell the stock, it is said that they are "exercising" their option. However, just because an option is "in-the-money" it doesn't mean that it is always in the best interest of the option holder to exercise it. Most of the time the option owner is better off to just sell the option at the current market price. This is because the option price is usually higher than the "intrinsic value", or the amount the option is actually "in-the-money." At expiration date, it usually makes sense to exercise the option.When to Exercise a Call OptionIf you own a call option and the stock price is HIGHER than the strike price at expiration, then it makes sense for you to exercise your call. This way you can buy the stock at a lower price and immediately sell it in the market at the higher price.When to Exercise a Put OptionIf you own a put option and the stock price is LOWER than the strike price at expiration, then it makes sense for you to exercise your put. This way you can sell the stock at a higher price and immediately buy it back at the lower price.I will do another video shortly on when it is optimal to early exercise options.Trading options. Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  Is Inflation About to Get Much Worse? 19.09.2026 37min

  🚀 Streamline your entire business with Odoo — the all-in-one, easy-to-use ERP platform that centralizes, automates, and scales your operations from sales and accounting to inventory and eCommerce 📈⚙️. Try out Odoo for 15 days (no credit card required) 👉🏻 https://www.odoo.com/r/2khU.S. consumer sentiment has fallen to a 74-year low. Brent crude is above $125 a barrel. And several highly credible economists had been warning that inflation was coming back — long before the first missile was fired. In this video, we look at the structural forces — demographic, fiscal, and geopolitical — that are making inflation much harder to control, and why central banks may no longer have the tools or the political independence to do anything about it.Based in part on the new book "The Unanchored Central Banker" by Manoj Pradhan and Charles Goodhart. https://amzn.to/4n7hklUMy second channel: https://www.youtube.com/@PBoyleInterviewsMy interview with Manoj Pradhan: https://youtu.be/EuhdSV_WTVI Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  Simple Options Positions - Call Options - Put Options - Long and Short - Beginners Tutorial 19.09.2026 7min

  These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleThere is no free lunch with stocks and bonds. Options are no different. Options trading involves certain risks that the investor must be aware of before making a trade.Options are derivatives of financial securities – their value depends on the price of some other asset. That is essentially what the term, derivative, means. There are many different types of securities that fall under the label of derivative, including calls, puts, futures, forwards, swaps (of which there are many types), and credit derivatives which we will cover in a future video.Options represent the right (but not the obligation) to take some sort of action (buy or sell an underlying security) by a predetermined date (the expiration date). There are two types of options, calls and puts. And there are two sides to every option transaction -- the party buying the option, and the party selling (also called writing) the option. Each side comes with its own risk/reward profile and may be entered into for different strategic reasons. The buyer of the option is said to have a long position, while the seller of the option (the writer) is said to have a short position.Note that tradable options are contracts between two parties. The companies whose securities underlie the option contracts are themselves neither involved in the transactions nor the cash flows between the various parties in the market. In any option trade, the counterparty may be another investor, or perhaps a market maker (a type of middle man offering to both buy and sell a particular security in the hopes of making a profit on the differing bid/ask prices). All parties it should be noted do not directly face each other, instead they face the options clearinghouse, and I have a separate video on that topic.What's a call option?A call option, is the option to buy the underlying stock at a pre-agreed price (the strike price) by a pre-agreed date (the expiration date). The buyer of a call has the right to buy shares at the strike price until expiration. The seller of the call (also known as the call "writer") is the one with the corresponding obligation. If the call buyer decides to buy (known as exercising the option) the call writer is obliged to sell their shares to the call buyer at the strike price.If an investor bought a call option on Apple Computer stock with a strike price at $100 expiring in two months. That call buyer has the right to exercise that option, paying $100 per share, and receiving the shares. The writer of the call would have the obligation to deliver those shares and be happy receiving $100 for them. What's a put option?If a call is the right to buy, then perhaps unsurprisingly, a put is the option to sell the underlying stock at a predetermined strike price until a fixed expiry date. The put buyer has the right to sell shares at the strike price, and if he/she decides to sell, the put writer is obliged to buy at that price.Why use options?A call buyer seeks to make a profit when the price of the underlying shares rises. The call price will rise as the shares do. The call writer is making the opposite bet, hoping for the stock price to decline or, at the very least, rise less than the amount received for selling the call in the first place.The put buyer profits when the underlying stock price falls. A put increases in value as the underlying stock decreases in value. Conversely, put writers are hoping for the option to expire with the stock price above the strike price, or at least for the stock to decline an amount less than what they have been paid to sell the put.We'll note here that relatively few Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  The Dumbest Takeover Bid! 19.09.2026 34min

  All-in-one AI Workspace @GensparkProduct https://www.youtube.com/@GensparkProductGenspark = AI Sheet + AI Slides + so much more🚀 $250M ARR in 12 months🎁 Sign up: credits + GetStarted bonusTry it 👉 https://www.genspark.ai/?utm_source=yt&utm_campaign=PBoyle03#Genspark #WorkwithGensparkGameStop — the meme stock famous for selling physical video game discs to people who no longer buy physical video game discs — has made an unsolicited 56 billion dollar offer to acquire eBay. GameStop is worth approximately 12 billion dollars. The offer is non-binding, the financing includes a highly confident letter from a Canadian bank, and the shares required to complete the deal have not yet been authorised by shareholders. CEO Ryan Cohen went on CNBC on Monday morning to explain how this would all work. He said the details were on the website. We looked at the website.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  Options Margin 19.09.2026 7min

  These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  What Trump's China Visit Actually Achieved. 19.09.2026 30min

  Try Mammouth AI now at http://mammouth.aiAs Donald Trump and Xi Jinping wrap up their summit in Beijing with little more to show for it than a few awkward handshakes, the media is left wondering where the big breakthrough went. But as we explore in this video, the failure of the "beans and Boeings" summit wasn’t a political failure—it was a certainty. Relying on the insights of economist Michael Pettis, we break down why trade surpluses and deficits are driven by domestic savings and investment choices, rather than trade policies or tariffs. From China’s systematic suppression of household consumption to the United States' structural trap as the global consumer of last resort, the underlying economic imbalances forcing this trade war cannot be fixed by podium announcements. Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Ways To Support The ChannelPatreon: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://www.buymeacoffee.com/patrickboyleVisit our website: https://www.onfinance.orgFollow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.socialBusiness Inquiries ➡️ [email protected] Boyle On Finance Podcast:Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0bApple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313Google Podcasts: https://tinyurl.com/62862nveJoin this channel to support making this content:https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join Learn more about your ad choices. Visit megaphone.fm/adchoices
• 
  Intrinsic value and Time Value of Financial Options 19.09.2026 8min

  What is Intrinsic value and Time Value of Financial Options?, In The Money, At The Money, Out Of The MoneyThese classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/Follow Patrick on twitter here: https://twitter.com/PatrickEBoyleThe price of an option is made up of a combination of intrinsic value and time value.The intrinsic value of an option is the value of exercising the option right now. If the price of the underlying stock is above a call option strike price, the option has a positive monetary value, and is referred to as being in-the-money. If the underlying stock is priced cheaper than the call option's strike price, the call option is referred to as being out-of-the-money. If an option is out-of-the-money at expiration, its holder simply allows the option to expire worthless. This is because a rational investor would choose to buy the underlying stock at market rather than exercise an out-of-the-money call option to buy the same stock at a higher-than-market price. For the same reasons, a put option is in-the-money if it allows the purchase of the underlying at a market price below the strike price of the put option. A put option is out-of-the-money if the underlying's spot price is higher than the strike price. The time value of an option is the premium a rational investor would pay over its current exercise value (intrinsic value), based on the probability it will increase in value before expiry. Learn more about your ad choices. Visit megaphone.fm/adchoices