Education Hub
Options, technical analysis, and risk management — from first principles
Track · Beginner

Options 101 — Start Here

Everything you need to understand calls, puts, premium, and how options actually work. 12 lessons. ~3 hours.

📞
Lesson 018 min read
What Is a Call Option?
The right to buy 100 shares at a fixed price by a fixed date. Why people buy them, and what you're really paying for.
📵
Lesson 028 min read
What Is a Put Option?
The mirror image of a call. How puts profit from declines and serve as portfolio insurance.
💰
Lesson 0310 min read
Premium, Intrinsic & Extrinsic Value
Why an option costs what it costs. Breaking premium into the part that's "real" and the part that's hope.
🎯
Lesson 0412 min read
Strike Price, Expiry & Moneyness
ITM, ATM, OTM. How to choose the strike that fits your thesis and your timeline.
Δ
Lesson 0515 min read
The Greeks — Delta
How much your option moves per $1 move in the stock. The single most important Greek.
Θ
Lesson 0612 min read
The Greeks — Theta (Time Decay)
Why time is the option buyer's enemy. The math behind the daily melt and how to fight it.
ν
Lesson 0714 min read
The Greeks — Vega & IV
Implied volatility, why it matters more than price for option buyers, and IV rank.
Γ
Lesson 0812 min read
The Greeks — Gamma
The acceleration Greek. Why gamma is dynamite for option buyers and risk for sellers.
📈
Lesson 0916 min read
Reading an Options Chain
Bid, ask, volume, OI, IV. What every column means and which ones actually matter.
⚖️
Lesson 1014 min read
Assignment, Exercise & Pin Risk
What actually happens at expiration. Avoiding the surprises that ruin good trades.
📊
Lesson 1110 min read
Spreads, Verticals & Defined Risk
Why selling premium against your long can turn a coin-flip into a real edge.
🎓
Lesson 1220 min read
Your First 10 Trades — Checklist
A practical checklist for the trades you'll actually do this month. Size, structure, exit.
Track · Intermediate

Technical Analysis — Pattern to Profit

The patterns and indicators that actually work — separating signal from noise.

📈
TA 0112 min
Support & Resistance, Properly
Why lines on a chart matter, when they don't, and how to draw levels that hold up.
📊
TA 0214 min
Moving Averages — 20, 50, 200
What each MA tells you. Reclaims, breaks, and the death/golden cross overhype.
⚡
TA 0316 min
RSI Without the Overtrading
Why "overbought" doesn't mean "sell." Using RSI for divergence and trend confirmation.
📉
TA 0414 min
MACD — Crosses & Histograms
The momentum indicator demystified, including the histogram early-warning signal.
🎯
TA 0518 min
Volume Profile & VWAP
Where price has spent the most time tells you where it wants to go.
▽
TA 0612 min
Bull & Bear Flags
The cleanest continuation pattern in TA, with measured-move targets that actually work.
∪
TA 0714 min
Cup & Handle, Inverse H&S
The classic O'Neil setup and its mirror — entries, stops, and targets.
△
TA 0812 min
Triangles, Wedges & Channels
When consolidation matters and when it's just noise.
🕯️
TA 0916 min
Candlestick Patterns Worth Knowing
Five patterns that move price, and the 50 you can ignore.
📞
STR 0118 min
Long Calls — When & When Not
The most popular option strategy is also the most misused. The math of why timing matters more than direction.
⚖️
STR 0220 min
Bull & Bear Call Spreads
Cap your upside, cap your loss, and dramatically improve your probability of profit.
💵
STR 0322 min
The Wheel — Selling Puts for Income
Get paid to buy stocks you want to own anyway. Mechanics, sizing, and where it goes wrong.
📉
STR 0420 min
Covered Calls — Income on Holdings
Generate yield on existing positions without selling them.
🦋
STR 0522 min
Iron Condors & Iron Butterflies
How to profit when nothing happens. The math of theta-positive structures.
↕️
STR 0618 min
Straddles & Strangles
The volatility plays. When IV is cheap, this is how you bet on a big move either way.
📅
STR 0716 min
Calendar & Diagonal Spreads
Selling near-term premium against a longer-dated long. The most underused structure in retail.
🎯
STR 0824 min
Earnings Plays Without Getting Crushed
Why long calls into earnings usually lose. Structures that survive the IV crush.
🔄
STR 0918 min
Adjusting Losing Trades
When to roll, when to flip, when to take the L and move on.
🛡️
RM 0116 min
Position Sizing — The Only Math That Matters
Fixed fractional sizing, dollar-at-risk, and why most retail traders blow up.
📊
RM 0214 min
Stop Losses That Actually Work
ATR stops, structural stops, time stops. Why mental stops fail.
📈
RM 0318 min
Risk:Reward & Expected Value
Win rate is overrated. Expected value is the only number that compounds.
📔
RM 0420 min
Trade Journaling — What to Track
The 12 fields that turn a losing trader into a profitable one in 90 days.
🧠
RM 0516 min
The Psychology of Drawdowns
What to do when you're down 20%. The single behavior that defines survival.
⚖️
RM 0614 min
Portfolio Heat & Correlation
Why "diversified" can mean "all the same trade" — and how to size around it.
📖 Glossary · A to Z
ATM · At the Money
An option whose strike price equals the underlying's current price.
ATR · Average True Range
A measure of volatility — the average daily range over N periods (usually 14).
Block Trade
A large single-print options trade, typically negotiated off the order book.
Delta
The expected change in option price per $1 move in the underlying. Also a proxy for probability ITM.
DTE · Days to Expiration
Calendar days until an option expires. Theta accelerates inside ~45 DTE.
Gamma
The rate of change of delta. High near ATM and near expiration.
Gamma Squeeze
Dealer hedging amplifies a move as gamma exposure forces continuous delta adjustment.
IV · Implied Volatility
The market's expectation of future realized vol, embedded in option prices.
IV Rank
Current IV percentile vs. its 52-week range. 100 = highest of year.
IV Crush
A sharp drop in IV — usually post-earnings or post-event — that wrecks long-premium positions.
ITM · In the Money
A call with strike below spot, or a put with strike above spot.
MACD
Moving Average Convergence Divergence — momentum indicator (12, 26, 9 default).
Max Pain
The strike at which the most options expire worthless. Often acts as a magnet into expiry.
OI · Open Interest
Total outstanding contracts for a given strike/expiry. Indicates positioning.
OTM · Out of the Money
A call with strike above spot, or a put with strike below spot. All extrinsic.
POP · Probability of Profit
Statistical probability the trade closes profitable at expiration, given current IV.
RSI · Relative Strength Index
Momentum oscillator from 0–100. >70 conventionally "overbought," <30 "oversold."
Sweep
Aggressive options order that takes liquidity across multiple exchanges at the ask (or bid).
Theta
Daily time decay — the dollars an option loses each day, all else equal.
Vega
Sensitivity to a 1-point change in implied volatility.
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