Risk Disclosure Educational content only — not investment advice. Trading futures, options, and securities involves substantial risk of loss. Risk Disclosure
Education · Free Resources

Learn options trading from the ground up.

Three comprehensive guides built for traders who want to understand options at a professional level — not just place trades, but know exactly why and when.

The three pillars.

These resources are designed to build on each other. Start with the Overview to understand the framework, use Definitions as your ongoing reference, and return to Strategies as you develop your trading plan.

Pillar 01 · Overview

Options Overview

A practical 12-chapter introduction to option contract trading. Covers everything you need before placing your first trade — from setting goals to understanding how options are priced.

  • Defining your trading goals
  • Selecting the right strategies
  • Brokerage selection & approval levels
  • What an option contract is
  • How trading works: BTO, STO, BTC, STC
  • Option pricing & premiums
  • In-the-money vs. out-of-the-money
  • Time value, intrinsic value & price factors
Read the overview
Pillar 02 · Glossary

Options Definitions

A complete A–Z glossary of 52 options trading terms. Every word you’ll encounter on a chain, in a brokerage agreement, or across the strategy library — defined clearly.

  • All five Greeks: Delta, Gamma, Theta, Vega, Rho
  • Order types: BTO, STO, BTC, STC, GTC
  • Moneyness: ITM, ATM, OTM
  • Contract types & styles (American vs. European)
  • IV, IV Rank & Historical Volatility
  • LEAPS, margin, assignment & pin risk
  • Settlement types & ex-dividend date
  • Strategy terms: spreads, straddles, collars
Browse the glossary
Pillar 03 · Library

Options Strategies

24 strategies with payoff diagrams, trade examples, max profit/loss, and the exact market conditions where each works best. From covered calls to iron condors to broken wing butterflies.

  • Income: iron condor, covered call, cash-secured put, PMCC
  • Directional: long/short calls & puts, debit spreads
  • Volatility: straddles, strangles, butterflies, calendars
  • Hedging: protective put, collar, synthetic long
  • Real trade examples using SPY at $500
  • IV rank & DTE guidance for every strategy
Explore strategies

Recommended learning path.

New to options? Work through the pillars in order. Already trading? Jump straight to Definitions or Strategies as a reference.

01
Options Overview
Build your foundation — goals, mechanics, and pricing
02
Options Definitions
Learn the vocabulary — Greeks, order types, and moneyness
03
Options Strategies
Apply the knowledge — 24 strategies with real trade examples

Ready to go beyond the textbook?

The Alpha Bridge™ framework takes you from these fundamentals through licensing, fund structure, and capital-ready positioning.