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Options and Options Flow
From Greeks to dealer positioning. What option prices say about expected moves and how hedging flows push the underlying.
When you finish
You can read an option chain, price an expected move, tell cheap volatility from expensive, and interpret unusual activity without fooling yourself.Modules24 videos · 5 playlists · 4 courses · 6 books · 8 papers · 2 reports · 3 PDFs · 1 newsletter · 3 sites · 2 regulators · 6 tools
02.1
Pricing and the Greeks, beyond the definitions
Use delta, gamma, theta and vega to explain an option's profit and loss over a real day.
7 videos · 3 playlists · 2 courses · 3 books
02.2Volatility: implied, realised, skew and term structure
Decide whether options are cheap or expensive by comparing implied volatility with realised, and read skew and term structure as positioning.
3 videos · 2 books · 2 papers · 1 report · 1 PDF · 1 newsletter · 1 site
02.3Dealer positioning: gamma, vanna, charm and pinning
Explain how dealer hedging can dampen or amplify moves, and read a gamma exposure estimate with the right amount of doubt.
6 videos · 3 papers · 1 PDF · 1 site
02.4Options flow: reading what others are doing
Interpret unusual option activity honestly, separating informed bets from hedges, rolls and spread legs.
2 videos · 3 papers · 2 tools
02.5Indian F&O: the chain, open interest, expiry and the loss studies
Read the NSE option chain as a map of positioning, and know what SEBI's data say about who makes money.
3 videos · 1 playlist · 1 course · 1 PDF · 1 site · 2 regulators · 4 tools
02.6Structures that fit a view, and how sellers blow up
Match a structure to a view on direction, volatility and time, with the worst case written down first.
3 videos · 1 playlist · 1 course · 2 books · 1 report