What people ask most,
explained.

A call gives the right to buy 100 shares at the strike price before expiration. A put gives the right to sell. Sellers (writers) of each carry the matching obligation: a short call may have to sell shares, a short put may have to buy them.

Intrinsic value is how far in the money an option is (a $100 stock makes a $95 call worth $5 intrinsic). Everything else is extrinsic, or time value — the price of what could still happen. Out-of-the-money options are all time value, and more time means a higher price.

Delta: how much the option moves per $1 in the stock. Theta: value lost each day to time. Vega: sensitivity to implied volatility (IV). Gamma: how fast delta changes. High IV makes options expensive for buyers and attractive for sellers.

A covered call collects premium on shares you own in exchange for giving up gains above the strike. A vertical spread buys one strike and sells another, so it costs less and caps both the best and worst case — defined risk you can size before you enter.

Most options are never exercised. Traders close by trading the contract back, or roll it — closing one contract and opening another at a different strike or expiry.

Volume well above open interest, large premium (often $500K+), and short-dated contracts are the classic tells. Volume above open interest suggests new positions, not closing trades.

A sweep splits an order across many exchanges at once to fill fast — urgency. A block is a single large, privately negotiated print. Sweeps paid at the ask suggest a buyer; at the bid, a seller.

A huge put trade could be a bet on a drop — or a hedge on a large stock position. Check whether it was bought or sold, the expiry and whether it lines up with an event like earnings.

Follow size and conviction, but use defined risk and a position small enough that being wrong is fine. Many unusual trades are hedges that lose money on purpose.

On Polymarket or Kalshi a contract pays $1 if the event happens. Paying 40¢ means the market thinks there is about a 40% chance. Sportsbook American odds convert the same way: -150 ≈ 60%, +150 ≈ 40%.

Sportsbooks build in a margin, so both sides add up to more than 100%. Comparing books helps you find the least expensive price.

An event contract can offset a stock risk — for example, a contract that pays if inflation comes in hot can cushion a portfolio that would drop on a hot CPI print.

Before a known event, implied volatility rises as traders pay up for protection. After the news, IV often collapses — the "volatility crush" — even if the stock moves.

Options prices imply how far the market expects a stock to move by a date. If the actual move is smaller, option buyers usually lose.

A stock can fall on good news if expectations were higher. Rebel Intel only cites headlines it actually found from wires like Reuters, CNBC and MarketWatch.

Support is a price zone where buying has stepped in before; resistance is where selling has. Breaks through these levels on heavy volume matter more than quiet ones.

The 50- and 200-day moving averages summarize the trend. Price above both is generally an uptrend.

RSI above 70 is often called overbought and below 30 oversold — but strong trends can stay there for a long time.

Decide the most you are willing to lose on a trade before you enter, then size so that loss is small relative to your account.

Buying a put on a stock you own transfers downside risk to the put seller for a premium — like insurance. It always has a cost.

A collar pairs a protective put with a covered call so the premium you collect helps pay for the protection, at the cost of capped upside.

Premarket moves happen on thin volume and can reverse at the open. Always check how many shares actually traded.

A big move with whale options activity and news behind it is different from a move on a few thousand shares.

Entry price, a stop or exit if wrong, a target or time limit if right, position size, and the specific thing you are watching.

Rebel Intel can turn a plan into a practice trade with paper money so you can see how it behaves before risking real capital.

A short daily "know before you go" video on the names and themes Jon is watching.

Ask Intel to pull quotes and whale activity on the tickers from the video, then build a practice plan around them.

Ask for a definition, an example with real numbers, or a quiz. Intel explains the idea and points to live data so you can see it in action.