CURRICULUM / OPTIONS TRACK
More thana directional view.
The planned options track connects price, time, volatility and contract selection. It begins with ETF options before deeper index-option study.
01 / THE CONTEXT
ETF options: SPY and QQQ.
Level 5 introduces calls, puts, strikes, expiration, premium, intrinsic and extrinsic value, Greeks, implied volatility, exercise and assignment.
Buying and selling options create different obligations and risks. Not every options position has losses limited to the premium paid.
02 / THE CONTEXT
Index options: XSP, XND, SPX and NDX.
Level 6 studies index-option mechanics, cash settlement, exercise style, contract size, liquidity, spreads and expiration.
Relevant series and settlement conventions must be verified. A small product and a large product are alternatives to compare, not rungs in a required trading ladder.
03 / THE CONTEXT
0DTE is advanced material.
Options expiring the same day require specific study of time sensitivity, volatility, execution and risk. They are not the default starting point for a beginner.
Tax treatment is outside this educational overview. Product-specific questions require current information and qualified professional guidance.