This is where you'll find the basics. What's a call? What's a put? Whether it's a call or a put, your option contract will have a specific strike price. Also -- and this is one of the big differences between stock ownership and options trading -- your option will expire on a specified date. Options trading comes with its own lingo, which sometimes scares off beginners. This is the section where you'll learn how to translate that lingo. You'll learn intrinsic value and time decay, and what it means to be in the money, out of the money and at the money. Read this section first before moving on to more advanced topics.