Live · 25 Oct 2026 SPX 7,623.68 -0.52% NDX 28,957.53 +0.00% VIX 19.45 +2.21% GOLD 4,007.90 -1.29% CL 103.27 +3.82% BTC 80,784.95 -0.36%
Classroom · Options

How options work: calls, puts and the idea of defined risk

An option is a contract that gives you a choice, not an obligation. This lesson explains calls and puts in plain terms, shows why a long option's most you can lose is the premium you paid, and why the desk leans on that defined risk.

7 min readInteractive widgetQuick quizFree lesson
Titan Protect · Classroom

How Options Work

Scene 1
Education only · Not financial advice

Learn the idea here. Apply it with the desk.

Titan Protect turns lessons like this into a daily practice: live market research, the full framework, and the tools that put it to work. This lesson is free; the desk is where it compounds.

Get our weekly market brief free.