About This Course
Options are the most versatile instruments in finance β and also the most misunderstood. This advanced course teaches you to think in terms of risk profiles, volatility surfaces and probability distributions rather than just directional bets. By the end you will construct multi-leg strategies, manage Greeks, trade volatility as an asset class, and hedge portfolios like an institutional trader.
What You'll Learn
Delta, Gamma, Theta, Vega and Rho β mastering the Greeks
Vertical spreads, straddles, strangles and condors
Implied volatility and the volatility surface
Volatility skew and how to profit from it
Calendar spreads and diagonal strategies
Portfolio hedging with puts and collars
Adjusting and rolling losing positions
Building a premium-selling income system
Who Is This For
Experienced traders with solid risk management discipline Stock or futures traders wanting to add derivatives Anyone interested in income generation strategies (covered calls, spreads) Traders who want to hedge existing positions professionally
Prerequisites
Solid understanding of technical analysis Experience managing live trades Basic knowledge of options (calls, puts, strike, expiry) Comfortable with intermediate mathematics
Curriculum
1.Options Fundamentals Revisited4 lessons
1.1Intrinsic vs. Extrinsic Value Deep Dive20 min
1.2Options Pricing: Black-Scholes Demystified25 min
1.3The Options Chain: Reading It Like a Pro18 min
1.4Open Interest, Volume and Put/Call Ratio16 min
2.The Greeks in Depth5 lessons
2.1Delta: Directional Exposure and Hedging22 min
2.2Gamma: Second-Order Risk and Acceleration20 min
2.3Theta: Time Decay as a Business18 min
2.4Vega: Trading Volatility, Not Direction24 min
2.5Rho and Higher-Order Greeks15 min
3.Vertical & Horizontal Spreads4 lessons
3.1Bull Call Spread & Bear Put Spread22 min
3.2Bull Put Spread & Bear Call Spread20 min
3.3Calendar Spreads for Volatility Plays24 min
3.4Diagonal Spreads: The Hybrid Strategy20 min
4.Volatility Strategies4 lessons
4.1Long Straddle & Strangle for Breakouts22 min
4.2Short Straddle & Strangle for Income20 min
4.3Iron Condor: Defined-Risk Range Trading26 min
4.4Iron Butterfly: The Tight-Range Strategy22 min
5.Implied Volatility & Skew4 lessons
5.1IV Rank and IV Percentile Explained18 min
5.2The Volatility Surface and Term Structure24 min
5.3Volatility Skew: Why Puts Cost More20 min
5.4Trading Skew: Risk Reversals & Skew Plays22 min
6.Income & Premium Selling4 lessons
6.1Covered Calls: The Conservative Income Play20 min
6.2Cash-Secured Puts for Stock Acquisition18 min
6.3The Wheel Strategy: Income on Autopilot24 min
6.4Managing Premium-Selling Positions20 min
7.Portfolio Hedging4 lessons
7.1Protective Puts: Portfolio Insurance18 min
7.2Collars: Capping Upside to Fund Protection16 min
7.3Tail-Risk Hedging with Deep OTM Puts22 min
7.4Delta-Neutral Portfolio Management26 min
8.Adjustments & Trade Management4 lessons
8.1When and How to Roll a Position22 min
8.2Defending a Losing Iron Condor20 min
8.3Profit-Taking Rules That Actually Work16 min
8.4The 21 DTE Rule and Other Theta Guidelines18 min
9.Advanced Structures4 lessons
9.1Ratio Spreads: Asymmetric Risk Profiles22 min
9.2Back Spreads for Explosive Moves20 min
9.3LEAPS: Long-Term Options as Stock Alternative24 min
9.4Synthetic Positions: Long Stock Without Capital20 min
10.Building an Options Business3 lessons
10.1Designing a Monthly Income System28 min
10.2Tax Considerations for Options Traders20 min
10.3Your Advanced Trading Plan & Next Steps25 min