Advanced$79

OPTIONS TRADING

Options pricing, Greeks, spreads, volatility strategies, and risk-defined trade structures. From basic calls and puts to multi-leg strategies — built for prop traders.

16
Lessons
6h
Duration
Options
Markets
Certificate
01
What Are Options?
Calls, puts, strike prices, expiration, and how options contracts work.
22 min
02
Options Pricing & Premiums
Intrinsic value, extrinsic value, time decay, and what drives option prices.
25 min
03
The Greeks: Delta & Gamma
How delta measures directional exposure and gamma measures the rate of change.
28 min
04
The Greeks: Theta & Vega
Time decay and volatility sensitivity — the two forces that define options trading.
25 min
05
Buying Calls & Puts
When to buy directional options, strike selection, and expiration timing.
22 min
06
Selling Options & Credit Spreads
Selling premium, bull put spreads, bear call spreads, and defined-risk income strategies.
30 min
07
Debit Spreads
Bull call spreads, bear put spreads — reducing cost while maintaining directional exposure.
22 min
08
Iron Condors & Strangles
Neutral strategies that profit from range-bound markets and time decay.
28 min
09
Implied Volatility & IV Rank
How to read IV, IV percentile, and when options are cheap or expensive.
25 min
10
Volatility Trading Strategies
Trading the VIX, straddles before events, and IV crush plays after earnings.
25 min
11
Options Chain Reading
How to read the Pit Trader options chain — finding the best strikes and expirations.
20 min
12
Risk Visualization
Using the P&L graph to understand max profit, max loss, and breakeven before you trade.
18 min
13
Options in a Prop Account
Rules, margin treatment, position limits, and how options work with prop firm drawdown rules.
22 min
14
Rolling & Adjusting Positions
When to roll, when to close, and how to manage a trade that moves against you.
20 min
15
Building an Options Trading Plan
Strategy selection framework, trade sizing, and systematic entry/exit rules.
22 min
16
Your First Options Paper Trade
Full walkthrough — finding a setup, selecting the strategy, placing the trade, managing to close.
25 min
Hands-On

Understand options pricing, premiums, and Greeks

Buy and sell calls, puts, and spreads

Build risk-defined multi-leg strategies

Read and interpret implied volatility

Use the Pit Trader options chain effectively

Visualize risk/reward before entering trades

Apply options within prop firm account rules

Paper trade options strategies on Pit Trader