Options contracts: read the obligation behind the premium
Work through calls, puts, payoff versus profit, exercise, assignment, and the risks hidden behind a premium.
7 min read · GuideRead guide ↗
Long-form learning · 10 original articles
The Derivatives Journal.
Read beyond the ticker. Ten in-depth guides to the contracts, costs, and market mechanics that deserve a closer look.
Bitcoin derivatives: understand the whole arrangement
Separate bitcoin price exposure from coin ownership, and compare collateral, reference prices, and settlement.
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Gold, silver, and commodity derivatives: read the specification
Translate commodity units into exposure and examine futures curves, delivery, and physical-market mismatches.
7 min read · GuideRead guide ↗
Forex and currency derivatives: get the direction right
Map the currency, quotation direction, quantity, and payment date before comparing futures, forwards, or options.
7 min read · GuideRead guide ↗
Equity index derivatives: from benchmark to contract
Understand stock market benchmarks, contract multipliers, settlement, and the limits of an index hedge.
7 min read · GuideRead guide ↗
Fixed income and bond derivatives: duration, DV01, and delivery
Distinguish notional size from rate sensitivity and learn why curve exposure, delivery, and cash timing matter.
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Futures vs. perpetuals: expiry, funding, and margin
Compare how dated futures and perpetual contracts maintain exposure, transfer cash, and close positions.
7 min read · GuideRead guide ↗
Crypto and memecoin derivatives: attention is not liquidity
Review token identity, reference markets, liquidation rules, and the difference between online attention and liquidity.
7 min read · GuideRead guide ↗
Ethereum derivatives: futures, options, and staking distinctions
Read ETH contracts by their rights and obligations, not by confusing price exposure with staking rewards.
7 min read · GuideRead guide ↗
Solana derivatives: asset exposure versus infrastructure
Distinguish SOL-linked contracts from applications on Solana, then examine price feeds, collateral, and execution.
7 min read · GuideRead guide ↗
About dates and references. Articles show their publication dates and the September 11, 2026 revision of this edition. Educational examples are not contemporaneous market quotes. Follow each article’s source reference to verify current terms.