Options education & toolkit
U.S. stock options, learned as a system
Plain-language courses that take you from your first Call contract to a complete playbook — with practical options tools on the way.
Systematic courses
A guided path from beginner to advanced — the 16-episode starter course is live now.
Practical tools
Payoff visualizers, IV screeners and strategy trackers, in active development.
Plain language
Even the hairiest strategy, broken down in words anyone can follow.
The starter course
Sixteen episodes to your first trade
Four modules, each building on the last. Follow them in order — every episode assumes the one before it.
Advanced strategy tracks are in the works — this starter path is chapter one.
Module 1
Foundations: How Options Actually Work
Build real intuition with everyday contract analogies: Calls, Puts, the option chain, pricing structure and the full settlement lifecycle.
What Is an Option? Calls and Puts, Explained with a Home-Deposit Contract
Break the gambling stereotype and master the premium and contract logic behind Calls and Puts
The Option Chain, Fully Decoded: ITM, ATM and OTM
Read a real brokerage option chain with confidence and grasp what ITM, ATM and OTM mean for risk, liquidity and settlement
How Options Are Priced: Intrinsic vs. Extrinsic Value and Time Decay
Understand the two components of an option’s premium and the accelerating decay of time value — so you never again call the direction right and still lose money
Settlement, Exercise and Assignment: The Complete Lifecycle
Master American-style exercise rules and the difference between cash and physical settlement, and guard against after-hours pin risk
Module 2
The Pricing Code: The Greeks, Illustrated
Delta, Theta, Vega and Gamma, one at a time — ending in a four-dimensional risk checklist you run before every trade.
Delta (Δ): Price Sensitivity, Win Probability and the Hedging Tool
Understand Delta’s dual identity — price sensitivity and the probability of expiring in the money — plus the foundations of Delta hedging
Theta (Θ): Time’s Friend or Enemy? The Seller’s Mathematical Edge
Quantify daily time decay and see why professionals concentrate on the 30–45 DTE sweet spot
Vega (ν) and Implied Volatility: IV Crush, Exposed
Separate historical from implied volatility and watch exactly how IV Crush vaporizes option value after earnings
Gamma (Γ) and the Full Risk Picture: The Greeks Radar and 0DTE
Grasp Gamma as acceleration, understand the boom-and-bust logic of 0DTE options, and assemble a four-Greeks pre-trade checklist
Module 3
High-Probability Strategies for Beginners
Covered Calls, Cash-Secured Puts, the Wheel and disciplined long options: from steady income to controlled offense.
The Covered Call: Monthly Rent on Shares You Already Own
Build covered calls with the Delta 0.2–0.3 strike model and learn the rolling defense for when your shares risk being called away
The Cash-Secured Put: Buffett’s Favorite Way to Buy Stocks at a Discount
Master the logic and entry rules of cash-secured puts — get paid to wait for the entry price you already wanted
The Wheel Strategy: A Long-Term Cash-Flow Engine for U.S. Stocks
Run the complete Wheel cycle: the closed loop, the capital-allocation matrix and the drawdown defense playbook
Long Calls and Long Puts, Done Right: The Buyer’s Playbook and Hard Stops
Learn the buyer’s winning preconditions — a major catalyst plus low IV — and enforce strict position sizing with hard stop-losses
Module 4
Spreads, Live Orders and Survival Rules
Vertical and credit spreads to cap risk, a live order-entry walkthrough, and the five fatal mistakes behind 90% of losses.
Vertical Spreads: Directional Trades on a Fraction of the Capital
Construct bull call spreads and bear put spreads, and price the risk-reward of every trade before you enter
Credit Spreads: High-Probability Income from Range and Time
Master Bull Put and Bear Call Spreads — use the protective long leg to define maximum risk and control margin
Live Order Entry in Thinkorswim and IBKR: The Full Walkthrough
Operate a real brokerage options interface: mid-price limit orders, plus GTC, stop-limit and OCO bracket orders
The Five Fatal Mistakes Behind 90% of Options Losses
Distill all sixteen episodes into a lasting system of risk discipline, capital allocation and long-term survival
The toolkit
Tools for the way you actually trade
A growing set of practical options utilities, built alongside the courses.
Payoff Visualizer
Sketch any position and see profit, loss and breakevens instantly.
IV Rank Screener
Spot underlyings where implied volatility is rich or cheap at a glance.
Wheel Tracker
Log every cycle of the Wheel and watch your cost basis melt.