Futures & Options

Derivatives are powerful and unforgiving. This track builds them up slowly: why they exist, how futures and options actually work, what the Greeks measure, how options are priced, and the strategies that let you express any view — directional, neutral or hedged — with defined risk.

• Introduction to DerivativesWhat a derivative is, why it exists, and who actually uses them.5 lessons
• FuturesAn obligation to buy or sell later at a price agreed now — the simplest derivative.7 lessons
• Options BasicsA right, not an obligation — the asymmetry that makes options so versatile.7 lessons
• The Option GreeksThe sensitivities that explain why an option’s price moves the way it does.7 lessons
• Option Pricing & VolatilityWhere premiums come from, and why implied volatility is the number that really moves them.6 lessons
• Directional Option StrategiesExpressing a bullish or bearish view with defined risk and better odds than a naked option.6 lessons
• Income & Neutral StrategiesProfiting when a stock goes nowhere — selling time and volatility with defined risk.5 lessons
• Volatility & Hedging StrategiesTrading movement itself, and protecting a portfolio against the worst days.5 lessons
• F&O Practicalities & RiskMargins, assignment, expiry mechanics, and the discipline derivatives demand.5 lessons