Options Strategies and Greeks
Eight weeks on how the Greeks and volatility shape option prices, and how spreads and other risk-defined structures behave, studied on historical data.
₹45,000 + GST · ₹53,100 incl. GST
Who it is for
- Learners who know calls, puts, premiums, margins and expiry, for example from Options Foundations
- Students who want to understand delta, gamma, theta, vega and volatility properly
- Anyone who wants to study risk-defined structures and their limits on historical data
Skills you will build
- Read and explain delta, gamma, theta and vega on an option chain
- Distinguish implied from realised volatility and read IV rank
- Describe how vertical spreads, straddles, strangles, condors and butterflies behave
- Tell risk-defined structures from undefined-risk ones, and size them to a risk budget
- Explain adjustment, assignment and expiry-day risks
- Write structure rules for entry, adjustment and exit
Week-by-week curriculum
- Recap: calls, puts and payoff diagrams
- What the Greeks measure and what they do not
- Reading Greeks on an option chain
- Model assumptions and their limits
- Delta as sensitivity to the underlying
- Gamma and why it rises near expiry
- Hedging ideas on historical examples
- Simulator drills on delta moves
- Time decay across strikes and expiries
- Vega and sensitivity to volatility
- Theta and vega together
- Case studies around event dates
- Implied versus realised volatility
- IV rank and percentile
- Volatility around scheduled events
- Volatility drops after events, on historical data
- Bull and bear spreads using calls and puts
- Maximum loss, break-even and margin
- How strikes and expiry change the shape
- Studying spreads on historical data
- Straddles and strangles
- Iron condors and butterflies
- Risk-defined versus undefined risk
- When structures fail on historical charts
- Rolling, adjusting and closing positions by rule
- Gap risk, assignment and expiry-day behaviour
- Margin changes and forced exits
- Sizing option positions to a risk budget
- Choosing structures by volatility regime
- Rules for entry, adjustment and exit written in advance
- Simulator review of your rules
- Peer review and next steps
What is included
- Live classes online or in Hyderabad
- Class recordings for 6 months
- Workbook PDF
- GZ paper-trading simulator (historical and delayed data)
- Moderated community with no tips
- Doubt-clearing sessions
- Completion certificate
- Option-chain exercises on historical data in the GZ simulator
Your mentor
Your mentor is introduced before the batch starts. Every GZ Trades mentor has 10+ years of market experience, reviews your own journal and process, and never gives trade calls.
Read before you enroll
Risk and honesty
Education only
GZ Trades provides education only. We do not give investment advice or research recommendations, manage money, or guarantee returns.
Risk of loss
Trading in securities involves risk of loss. SEBI has reported that 9 out of 10 individual traders in equity F&O incurred net losses.
US markets and LRS
Investing in US markets from India is subject to RBI’s Liberalised Remittance Scheme and FEMA rules.
Fees to the company only
We accept fees only into the current account of Gigglezen Technologies Pvt Ltd. We never ask you to pay a personal account or UPI ID, or to share your trading login.
Questions about this program
A working knowledge of calls, puts, premiums, margin and expiry, as taught in Options Foundations. Check that program’s syllabus against what you already know.
No. Each structure is studied on historical data to understand how it behaves and where it can lose money. Mentors never suggest positions on live instruments.
No. They cap the maximum loss of a structure, but you can still lose the full amount at risk, and costs, margin requirements and assignment risk remain.
No. GZ Trades provides education only. We do not give investment advice, research recommendations, stock tips or buy and sell calls. We teach with historical charts and paper trading.
Only if you choose to trade on your own, with any SEBI-registered broker you pick. You don’t need one for our classes. We never open or operate accounts for students.
Full refund if you cancel 7 or more days before the batch starts; 50% if you cancel later but before the second session; none after the second session. You also get one free batch transfer. Refunds go to the source account within 7 working days of your cancellation request.