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A free 30-lesson course · India

Can ₹7,800 really become ₹39,000 in a week?

Yes, it can. It can also become ₹0, and this graph is where that happens.

Options Gyan teaches options the way they actually behave in Indian markets: in rupees, on NIFTY, with the loss drawn before the win. Thirty lessons, every one of them free, and no telegram group at the end of it.

Start lesson 1→
30Lessons
17Strategies
107Glossary terms
5Calculators

You think you can make money in options?

Payoff at expiryComputed in your browser
Long NIFTY 25,000 call @ ₹120 × lot 65+₹40,768+₹18,200−₹4,368₹0 · break even line24,40024,75025,10025,45025,800NIFTY at expiryBE 25,120worst case −₹7,800+₹44,200
NIFTY at expiryYour ₹
24,900below the strike−₹7,800
25,120breakeven₹0
25,720the headline+₹39,000

Fig. 1One lot of the weekly 25,000 call. Red is every rupee you can lose, and it stops. Hover the line to read the ₹ at any level.

The whole trade, in three numbers.

Same lot, same strike, same week as the graph above. Nothing here is a screenshot and nothing is rounded in the course’s favour.

You put in
₹0

65 units × ₹120. One lot of the weekly 25,000 call, paid up front.

If it goes right
+₹0

NIFTY at 25,720 on expiry day. Above that it keeps going; there is no ceiling on this side.

If it goes wrong
−₹0

NIFTY anywhere at or below 25,000. It cannot be more than this, and that is the entire point.

Never more than the worst number. Never a surprise.

See how the graph is built →
The option chain

Read the screen the whole market is staring at

Open interest, the walls, PCR, the spread you actually pay. Lesson 15 takes the NSE chain apart column by column, and the same slice sits inside the lesson, shaded and labelled.

  • Every column, in plain English
  • The OI walls, and why they are boundaries rather than promises
  • Liquidity and the bid-ask toll, in rupees
Open lesson 15 →
Call OI
Call LTP
Strike
Put LTP
Put OI
45,000
₹295
24,800
₹90
1,05,000
38,000
₹200
24,900
₹100
41,000
95,000
₹120
25,000
₹110
88,000
52,000
₹90
25,100
₹190
33,000
1,10,000
₹55
25,200
₹255
21,000
Walls: biggest call OI at 25,200 (ceiling), biggest put OI at 24,800 (floor). PCR = put OI 2,88,000 ÷ call OI 3,40,000 ≈ 0.85.
Lesson 1

When the maths will not land, a samosa stall will

A ₹500 token to hold today's rate for fifteen days is an option, and everybody in India has already made that deal. Lesson 1 is a drawn story before it is a definition, and it is the same eight panels here, in the lesson, drawn rather than screenshotted.

  • The token is the premium, the rate is the strike, the fortnight is the expiry
  • Read it as panels or as prose, your choice, and it remembers
  • Every following lesson is written against this one example
Read the samosa story →
200 plates chahiye. 15 din baad, shaadi hai.
1Your cousin's wedding is 15 days away. You want 200 plates from Sharma-ji. Today's rate is ₹100 a plate, so ₹20,000 for the order.
Abhi ₹100. Par 15 din baad tel-aloo mehenga, ₹110 ho sakta hai.
2Sharma-ji is honest about it: oil and aloo are climbing. At ₹110 the same order costs ₹22,000, two thousand more than you planned. And nobody has promised it stops at ₹110.
₹500 abhi do. 15 din tak 200 plates ₹100 pe pakki. Rate ₹150 ho jaye, tab bhi ₹100.
3So he offers a booking. Pay ₹500 today and the ₹100 rate is yours for the full 15 days. Even if plates hit ₹150, you still pay ₹100.
Aur agar rate gir gaya toh?
4"Then cancel. But the ₹500 stays with me." You agree. That booking is an option: you bought the right to buy at ₹100, and you are never forced to order.
Rate ₹150? Meri booking ₹100 ki hai.
5Rates climb to ₹150. Others pay ₹30,000 for 200 plates. You order on your booking and pay ₹20,000. Saved ₹10,000, minus the ₹500 token: ₹9,500 ahead.
Rehne do. Bazaar se hi le lenge.
6Rates fall to ₹90. You cancel and buy in the market for ₹18,000. With the forfeited token that is ₹18,500 in all, still under ₹20,000. Your loss on the deal is the ₹500. Never more.
Maal aaj hi kharid liya. ₹500 mera, risk bhi mera.
7Why does Sharma-ji agree? He takes the ₹500 today and buys his aloo and oil at today's cost, so a ₹150 market cannot hurt him. And most bookings are never used, in which case he simply keeps the token.
8NIFTY at 25,000: the right to buy at 25,000 within the week costs about ₹120 × 65 units = ₹7,800. Small token, locked price, deadline, walk-away right. Sharma-ji would recognise it instantly.
The opening panels. Eight of them in the lesson.Read the whole story →
The calculators

Five of them, and nothing you type ever leaves the browser

No login, no server, no account. The same Black-Scholes engine behind every chart in the course runs on your device. This is the position sizer from Lesson 30, and it answers as you type.

  • Payoff builder, fair value and Greeks, expected move, sizing, expected value
  • Defaults are the course’s canon trade, so the numbers stay familiar
  • Model estimates for teaching, never a substitute for your broker’s screen
Open all five →

LiveChange any number. It answers on your device.

1 lot
Risk budget ₹10,000 a trade, so ₹7,800 goes on the table and not a rupee more.
The part nobody leads with

9 in 10

SEBI’s studies put individual F&O traders losing money at roughly nine in ten. A course that opens with a profit screenshot is already lying to you. This one opens here.

  • 01
    Education only, and never advice
    Options Gyan is not SEBI registered and recommends nothing. No tips, no calls, no positions of the day, no paid group. Lesson 13 is a whole lesson on how to check the people who do.
  • 02
    The loss is drawn before the win
    Every payoff graph marks the worst case in red and labels it in rupees. The ₹-tables print the losing rows next to the winning ones, at the same size.
  • 03
    Free, with nothing behind a login
    No account, no paywall, no email capture, no upsell at lesson 30. Progress is saved in your own browser and goes nowhere else.
  • 04
    Corrected in public when it is wrong
    Teaching figures are illustrative and sometimes they are also mistaken. The corrections are published, dated, and credited to whoever found them.
The path

Thirty lessons, in the order they actually make sense.

Four courses, ten minutes each, all of them open from the first visit. Start at the beginning or drop in where you already are.

Course 1 · 1–13
The basics
Options from zero to your first real order
01What is an option? · start02Buyers vs sellers03Calls, explained with a flat booking04Puts05Premium06Expiry07Greeks08Hedging09IV10Journaling11Placing the order12Margin, MTM and the auto square-off13Tips, tip-sellers and the SEBI check
Course 2 · 14–19
Reading the market
Moneyness, the chain, Greeks, IV
14Moneyness15The option chain, decoded16Time decay17Delta & gamma18Vega, vanna & the hidden Greeks19Volatility
Course 3 · 20–25
Strategies
Income, spreads, movement
20Covered calls21Cash-secured puts22Vertical spreads23Straddles & strangles24Iron condors & butterflies25Calendars, diagonals & the advanced shelf
Course 4 · 26–30
Trading like a pro
Market structure, psychology, tax, risk
26Dealer positioning27Professional charts28Psychology29F&O and your taxes30Risk, sizing & your trading framework
Risk vs reward: your version

Start where you actually are.

Your experience picks the lesson you land on. The risk profile picks the strategy the course walks you toward first. Both are saved on this device, both are changeable from any lesson, and neither one locks anything.

· Beginner

A sensible capital
Your first strategy
Risk
0
Reward
0

You land on Lesson 1: What is an option?. The full index stays open either way.

Free forever

Ten minutes a day, and the risk shown first every time.

No account, no card, no telegram group. Thirty lessons, 17 strategy reference cards, 5 calculators and a 107-term glossary, all of it open from the first click.

Start lesson 1→Browse the strategy library

F&O trading carries a real risk of losing your capital. Options Gyan is education only, is not SEBI registered, and recommends nothing. Disclaimer, risk and privacy

OptionsGyan
Education only. Not investment advice. Options Gyan is not SEBI registered and recommends nothing: no tips, no calls, no telegram group, free forever. F&O trading involves a substantial risk of loss, and selling options can lose you more than you put in. Read SEBI’s risk disclosure before trading.
Prices, lot sizes and expiry days in the lessons are illustrative teaching figures, not live quotes: confirm the current ones with your broker. Not affiliated with NSE, BSE, SEBI or any broker. NIFTY is a trademark of NSE Indices Ltd.
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