Options Trading in Practice

What you will achieve

Read option chains, pick strategies and compute max P/L, deploy 4 spread and 2 protective strategies, trade TXO live

Syllabus

• 1
  Options Fundamentals

  Call/Put, buyer/seller, strike, expiry

• 2
  Intrinsic vs Time Value

  ITM/ATM/OTM, time decay

• 3
  Greeks: Delta & Gamma

  Directional sensitivity & acceleration

• 4
  Greeks: Theta & Vega

  Time decay & volatility sensitivity

• 5
  Single-leg Strategies

  Long/short call/put scenarios

• 6
  Vertical Spreads

  Bull Call/Bear Put, max P/L

• 7
  Iron Condor & Butterfly

  Range strategies for chop

• 8
  Protective Strategies

  Protective Put, Covered Call

• 9
  Volatility Trading

  IV vs HV, straddle/strangle

• 10
  TXO Live Trading

  Trading software, settlement rules

Highlights

• Excel template for max P/L before each trade
• Final lesson is a live TXO trade
• 10 strategy decision trees ready to apply

Instructor

12 years of cross-market trading experience — Taiwan stocks, TXO options, forex margin, crypto spot and futures. Formerly with an asset management firm, now trading personal accounts systematically with a 12~30% annualized target. My teaching style starts with risk awareness and money management before discussing strategy. I firmly believe "only those who survive get to profit" — so every lesson dedicates significant time to stop-loss and hedging.