Option Trading Overview

FOR EDUCATIONAL PURPOSE ONLY. I put this together for a friend who began option trading (long Calls) after following WallStreetBets. I just want him to understand how the Option Pricing Model works and the risks involved; that GME and AMC are unique; that Long Call traders usually end up with a worthless position at expiration; that Normal short squeezes end quickly,; that these 2 stocks seem to be perpetual short squeezes (until they implode). How are Options priced? How do the Option Pricing Variables impact the pricing result. On a Call Option: 1) What-IF Price goes up? 2) What-IF Imp Vol jumps to the stratosphere? 3) What-IF Time Decays? Watch here. Disclaimer: derivative trading is extremely risky, use at your risk.