I am looking for any tricks, easy charts, pneumonic devices etc. for derivatives for the series 7 exam. I have seen a few but I am just looking for some insight from others.

• Calls
• Puts
• Spreads
• Straddles

I have a fairly good reference now but I am open to suggestions from people here.

This will get the correct answer every time:

buy + call = opportunity to buy (bullish); cost basis, unlimited gain; protect short position
buy + put = opportunity to sell (bearish); sale proceeds, strike gain; protect long position
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sell + call = forced to sell (bearish); unlimited loss; sale proceeds
sell + put = forced to buy (bullish); cost basis

Top two always pays the premium; bottom two always earns the premium

d/dx=3^2x^2+x