Depends on the level of understanding. I understand more than most people do and I understand that they won’t be able to understand as much as they need or should understand, even if explained to them. Maybe they could understand more with practice. At the same time I understand less than some people I see posting here. Disclosure: my name is not Overnight
Pricing them is the hard part. The theoretical valuation of them, and all of the various ways to spread and combine them across strikes and expiries makes this subject deep. Also, to have an intuitive feel for how the various spreads will behave under different scenarios in the underlying, and know which spreads are good, well that gets complicated...... Strip, straddle, strangle, ratio spread, butterfly, condor.....yea I'd say it's complicated. Intrinsic vs extrinsic, and the greeks? Black-Scholes-Merton? I'd say >99% don't have the math pre reqs for advanced calc, let alone stochastic calculus.
The question should have been "is it easy to understand the concept of options" God I fucking miss advanced calc.
No sir, I voted once. Anyone who votes more than once is a cheater and is rigging the election. Nooby and I spoke in VOX since this poll was posted, and it's all good. This poll is silly. He's trying to get me to understand options. I'm still a bit lost on them. If I ever get the money to invest in them, @destriero would be my go-to for that. But for now I'm still stuck in futures. :-(
"My name is Overnight" has 3 votes. Does @destriero have a fund? Anyway, understanding options is very very very very... hard, for me. Don't think I will ever be able to derive BSM.