Options Roulette — Options Learning Lab — Member Edition
Learn options by seeing them happen. Choose the outlook, build the strategy, know MG / ML / BE before the spin, then watch the market move to expiration.
🔴 LEFT / BULLISH → BUY CALL · SELL PUT⚫ RIGHT / BEARISH → SELL CALL · BUY PUT
LONG → ONLY LOSES THE PREMIUMBuy Call / Buy Put · Maximum Loss = Premium Paid
SHORT → ONLY GAINS THE PREMIUMSell Call / Sell Put · Maximum Gain = Premium Received
SPREAD = MAX GAIN + MAX LOSSThe difference between the strike prices is the spread width.
THIS SPREAD — SEE THE WHOLE EQUATION
SPREAD WIDTH—
MAX GAIN—
MAX LOSS—
BREAKEVEN—
KNOW BEFORE YOU SPIN — STRATEGY FACTS
MAX GAIN ⓘ
MAX LOSS ⓘ
BREAKEVEN ⓘ
Position
Net / structure
P/L per share
P/L per 100 shares
Roulette
Options Roulette — Play
Build the trade, wager practice chips, then spin the market to expiration.
BANKROLL $3,000
1 · MARKET OUTLOOK
2 · WHAT IS YOUR OBJECTIVE?
3 · YOUR POSITION
4 · BUILD THE CONTRACT
MAX GAIN—
MAX LOSS—
BREAKEVEN—
▼
−9−8−7−6−5−4−3−2−10+1+2+3+4+5+6+7+8+9
EXPIRATION RESULT
MARKET MOVE—
STOCK PRICE—
MONEYNESS—
ACTUAL P/L—
Choose a position and spin.
Exam calculations assume one contract, expiration, and no fees unless stated otherwise. For grain futures, a quote of 26 means 26 cents per bushel, not $26.
Score: 0 / 0
BPT TUTORING • OPTIONS LEARNING LAB Educational practice tool for securities-exam preparation. Options involve risk. This simulator is for learning and does not model real-world option pricing or roulette probabilities.