In this video, we break down how to solve options-related questions, focusing on payoff tables and diagrams. Using a practical example with a hypothetical portfolio, you'll learn how to analyze two different positions: buying a put option and selling two put options. We go step-by-step through calculating payoffs, profits, and losses for different stock price scenarios, and explain the underlying mechanics of options trading. By the end, you'll be able to confidently create payoff tables, diagram profits, and understand the impact of various strike prices. Perfect for finance students tackling options problems!