The Greeks (which include delta, gamma, theta, vega, and rho) provide a way to measure the sensitivity of an option's price to quantifiable factors.

Call and put options are quoted in a table called a chain sheet. The chain sheet shows the price, volume and open interest for each option strike price and expiration month.

Today, we take a look at options trading. As we know, options markets are very different to stocks – and their spreads are no exception. Black-Scholes was revolutionary in helping to price options.