We paper-trade options in video lectures (opened a position, closed the position before expiry, and calculated the profit or loss). Using the following template in slides and videos:

Please buy a call option or a put option (paper trade); Write down the key elements of the option, close the position any time before expiry, and calculate the profit or loss.

Open a position Close the position Sell the call you bought Buy a call (you are buyer) - Security type: Call Position: Long call Transaction type: Buy to open" Contracts: 1 - Underlying stock: Option symbol: Option price: Total $ premium: When did you open this position? - "Sell to close" Contracts: 1 Underlying stock: Option symbol: Option price: Total S premium: When did you close this position? Profit / Loss