Options trading, explained in plain English, with real rupee numbers
Free options trading course for India. 30 lessons from "what is a call?" to Greeks, spreads, margin and tax, each with payoff graphs and rupee examples.
Options Gyan is a free options trading course for Indian markets. No tips, no calls, no telegram group. Every lesson uses NIFTY levels, real lot sizes and a payoff graph, and shows the losing case next to the winning one.
The course: 30 lessons
Part 1: The basics Options from zero to your first real order
Lesson 1: What is an option? The samosa-stall story A ₹500 token to lock a price: the whole idea of options in one street-food deal.Lesson 2: Buyers vs sellers: who really wins One side pays small and hopes big; the other collects small and risks big.Lesson 3: Calls, explained with a flat booking Book a flat at today’s price, decide later. That’s a call option.Lesson 4: Puts: profit when markets fall The right to sell high when everything is going low.Lesson 5: Premium: what you actually pay Per-share price × lot size = the real money leaving your account.Lesson 6: Expiry: the day your option dies Every option has a death date, and in India that day has its own drama.Lesson 7: Greeks: the full family, gently Five dials that tell you exactly what your position is feeling.Lesson 8: Hedging: insurance for your stocks The original, most honest use of options: a floor under your portfolio.Lesson 9: IV: why option prices breathe The market’s fear gauge, baked into every premium you pay.Lesson 10: Journaling: the habit that saves you Start the habit before the first real trade. Future-you says thanks.Lesson 11: Placing the order: market, limit and the traps The screen between deciding and being in the trade, and every button on it that can quietly cost you money.Lesson 12: Margin, MTM and the auto square-off What your broker blocks, what it debits every evening, and the day it closes your position without asking.Lesson 13: Tips, tip-sellers and the SEBI check An industry sells certainty to beginners. One free 60-second check unmasks most of it.Part 2: Reading the market Moneyness, the chain, Greeks, IV
Lesson 14: Moneyness: ITM, ATM, OTM without tears Where your strike sits versus the market, and why it changes everything.Lesson 15: The option chain, decoded OI, volume, PCR, max pain: reading the NSE chain like a pro.Lesson 16: Time decay: theta, the daily rent Options lose value every day. Know whether you’re paying rent or collecting it.Lesson 17: Delta & gamma: speed and acceleration How fast your P&L moves, and how fast that speed itself changes.Lesson 18: Vega, vanna & the hidden Greeks Volatility sensitivity, and the second-order Greeks professionals hedge.Lesson 19: Volatility: IV rank, skew, smile Is this option cheap or expensive? Now you can actually answer.Part 3: Strategies Income, spreads, movement
Part 4: Trading like a pro Market structure, psychology, tax, risk
Lesson 26: Dealer positioning: the market’s engine room Dealers, delta hedging, GEX, vanna and charm flows, all from first principles.Lesson 27: Professional charts: GEX, OI heatmaps, max pain Read the charts professionals read, and the misconceptions around them.Lesson 28: Psychology: managing winners, losers, and yourself The trader in the mirror is the biggest risk on the account.Lesson 29: F&O and your taxes F&O profit is business income, not capital gains. The filing, the turnover maths, and the losses worth carrying forward.Lesson 30: Risk, sizing & your trading framework Position sizing, expected value, and a repeatable plan: the graduation lesson.Beyond the lessons