Try it: options practice
Build a sample options position on a made-up stock with fake money, then move the stock and the clock to see how it would play out. Nothing is at stake and nothing is saved.
1. Build a position
Practice stock XYZ at $100. You have $10,000.00 of fake money.
Cost: $359.11 ($3.59 a share × 100 shares). This is the most you can lose.
2. Play it out
- Position worth
- $359.11
- Profit or loss
- $0.00
- Return
- 0.0%
3. Every outcome at a glance
| When | Stock −10% | Stock −5% | Stock 0% | Stock +5% | Stock +10% |
|---|---|---|---|---|---|
| In 15 days | ▼ −$348.71 | ▼ −$289.97 | ▼ −$108.43 | ▲ +$228.36 | ▲ +$672.32 |
| At expiration | ▼ −$359.11 | ▼ −$359.11 | ▼ −$359.11 | ▲ +$140.89 | ▲ +$640.89 |
Values use the Black-Scholes model with volatility held steady. Real prices also depend on supply and demand, events, and changing volatility. Fake money only: nothing is saved or entered in a contest.
Watch time decay
Even when the stock doesn't move, an option's time value shrinks as expiration nears, faster at the end.
Days left until expiration
- Option value
- $5.17
- Intrinsic value
- $0.00
- Time value
- $5.17
- Lost in the last week
- −$0.31
Per share; one contract is 100 shares. Made-up stock, 30% volatility, Black-Scholes model.
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For entertainment and education, not investment advice. Nothing here recommends buying or selling any security.