Tracks
The spine of the course. Contracts, margins, expiry, and every strategy built on top.
Market structure, what a lot size and expiry really mean, and the risk reality of F&O.
Before strategies, Greeks or option chains — what you are really buying when you buy a future or an option, and why the answer changes how you size every trade.
9 min readEvery option strategy that exists is a payoff curve. Learn to read one — breakeven, max profit, max loss — and multi-leg strategies stop being names to memorise.
12 min readThe three numbers that decide how much you are really risking — and why a position that costs ₹11,000 can behave like one worth ₹18 lakh.
10 min readWhat actually happens when a contract dies — cash settlement, physical delivery, assignment risk, and the expiry-day traps that catch people who did nothing wrong except forget the date.
11 min readOption chain and OI reading, the Greeks, spreads, and the data you check before the open.
Delta, theta, gamma and vega, in the order they will affect your account. Not the textbook definitions — the behaviour you will actually run into.
14 min readOpen interest, change in OI, PCR and the volatility smile — what the chain genuinely tells you about positioning, and the popular readings that do not survive scrutiny.
13 min readSelling one leg to fund another is the first real step past buying naked options. What a spread buys you, what it takes away, and when the trade-off is worth making.
12 min readPremium selling works most of the time, which is exactly what makes it dangerous. The real economics, the margin reality, and the failure mode that ends accounts.
13 min readMulti-leg construction, volatility regimes, expiry behaviour, and surviving your own drawdowns.
Straddles, strangles, condors and butterflies are not names to memorise — they are four legs assembled to express one specific view. Here is how to build the shape you actually want.
14 min readAsking "is volatility high?" is meaningless without a reference. IV rank gives you one — and it turns the buy-or-sell-premium decision from a guess into a reading.
12 min readExpiry is not an intense version of a normal day — it is a different market with its own physics. Gamma, pinning, the decay cliff, and why most traders should be flat before it.
13 min readMost option education stops at entry. But every outcome is decided at the exit — and "adjusting" is where good traders repair positions and bad traders hide from losses.
13 min read