Learn Options — A Free Options Trading Course

Six short lessons that take you from "what is an option?" to reading the Greeks and running real strategies — each with a video and a written walkthrough. Foundations first, then application. Then practise everything risk-free in the simulator.

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Trading Terminology: The Words You Need Before You Risk Money

Start here. Underlying, derivative, strike, premium, extrinsic value — the whole trading vocabulary in plain English, with every term deep-linkable.

What Is an Option? Options Explained Simply

Calls, puts, strike and expiry — explained with one memorable land analogy.

Implied Volatility Explained: What Drives an Option's Price

What implied volatility is and why it drives the price of every contract you trade.

The Options Greeks Explained: Delta, Theta, Gamma & Vega

Delta, theta, gamma and vega — what each measures and how to actually use them.

Options Strategies Explained: Single-Leg to Multi-Leg Spreads

Covered calls, cash-secured puts, spreads, strangles and calendars, single- to multi-leg.

Short Strangle Explained: A Worked Example & How to Roll

A short strangle walked through end to end — entry, management, and the roll.

How Investors Use Options: The Covered Call Strategy

Real-world uses of options, including the deep-in-the-money covered call.

Why Do 90% of Options Traders Lose Money?

The four mechanisms that actually drain retail options accounts — each one measured against five years of real price data.

// Practise what you learn

Every lesson links into the Passive Nomads simulator — replay five years of real market history and watch premium decay, implied volatility and the Greeks move on your own positions. Free, no brokerage account.

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Passive Nomads provides free educational content and simulation tools for learning about options. Nothing here is financial advice. Options trading involves risk, including the risk of loss. Simulated results do not represent real trading outcomes.