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Your learning path

Work through the lessons in order — each one builds on the last.

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01

What Is an Option?

Beginner

The building block of every options trade

02

Calls & Puts

Beginner

The two directions of every trade

03

Strikes & Expiration

Beginner

Choosing the right contract

04

Reading the Options Chain

Beginner

Bid, ask, volume and open interest

05

Exercise, Assignment & Expiration

Beginner

What actually happens at the end

06

The Greeks, Made Simple

Beginner

Driving a car: speed, acceleration, fuel, weather

07

Time Decay, Explained Simply

Beginner

Why options are melting ice cubes

08

Implied Volatility, Made Simple

Beginner

Insurance prices before a storm

09

Premium & the Greeks

Intermediate

What moves an option's price

10

Your First Trade

Intermediate

A walkthrough on QQQ

11

Risk & Paper Trading

Intermediate

Survive long enough to get good

12

Gamma & How Options Accelerate

Intermediate

Why near-expiry options move so violently

13

Implied Volatility & the VIX

Intermediate

Pricing fear and events

14

Multi-Leg Options & Spreads 101

Intermediate

Debit vs credit, explained simply

15

Strategy: Covered Calls

Intermediate

Earn income on shares you own

16

Strategy: Cash-Secured Puts & the Wheel

Intermediate

Get paid to buy at your price

17

Strategy: Protective Puts & Collars

Intermediate

Insurance for your portfolio

18

Strategy: Debit Spreads

Intermediate

Bull call & bear put spreads

19

Strategy: Credit Spreads

Advanced

Bull put & bear call spreads

20

Strategy: Iron Condors & Butterflies

Advanced

Profit from a quiet market

21

Strategy: Straddles & Strangles

Advanced

Trading volatility, not direction

22

Strategy: Calendar & Diagonal Spreads

Advanced

Using time as your edge

23

0DTE Options on SPY & QQQ

Advanced

Same-day expiration, maximum danger

24

Choosing the Right Strategy

Advanced

Match outlook and volatility

25

Volatility Skew & Term Structure

Super Advanced

Why not all options are priced equally

26

LEAPS & Deep ITM Strategies

Super Advanced

Long-dated options as stock replacement

27

Rolling & Trade Adjustments

Super Advanced

How pros manage losing positions

28

Portfolio Hedging Like a Pro

Super Advanced

Tail risk, beta weighting and crash insurance

29

Assignment, Margin & Tax Traps

Super Advanced

The boring details that blow up accounts

30

Naked Calls & Naked Puts

Super Advanced

Selling options with nothing behind them

31

Naked Straddles & Strangles

Super Advanced

Selling the whole range — and the tail that pays for it

32

Position Sizing & the Kelly Criterion

Super Advanced

The math of not going broke

Final Exam

Test yourself on everything — Greeks, IV, spreads and multi-leg strategies.