T.I.G instructor-led programme

Options Trading Course: Foundations to Advanced Risk Management

A progressive options curriculum covering market foundations, pricing, volatility, Greeks, strategy construction, trade selection, portfolio risk and professional operating discipline.

15 learning modules Beginner to advanced Instructor-led sessions No live trading
Explore courses Technical Analysis Fundamental Analysis Options Trading

Learning Modules

Develop practical options trading skills through 15 structured modules—from contracts, pricing, volatility and Greeks to strategy selection, portfolio hedging, position sizing and disciplined risk management.

01

Foundations of Derivatives & Options

What you’ll learn

  • Understand how options derive value from an underlying stock or index.
  • Compare forwards, futures and options for different objectives and risk appetites.
  • Analyse calls and puts from both buyer and seller perspectives.
  • Use ITM, ATM and OTM classifications and payoff logic confidently.
  • Separate intrinsic value from time value when assessing option premiums.
02

Option Mechanics, Definitions & Pricing Factors

What you’ll learn

  • Read option contracts accurately using their essential components.
  • Evaluate how price, strike, time and volatility influence premiums.
  • Interpret Open Interest with price to assess market positioning.
  • Understand exercise, assignment and expiration mechanics.
  • Build payoff graphs to visualise risk, reward and breakeven before entry.
03

Option Pricing Theory

What you’ll learn

  • Use put-call parity to understand relationships between calls, puts and the underlying.
  • Understand the logic and assumptions behind Black-Scholes pricing.
  • Follow binomial-tree logic as option value develops over time.
  • Explain risk-neutral valuation as a foundation for pricing and Greeks.
  • Interpret option-pricing mathematics without treating models as a black box.
04

Historical, Realised & Implied Volatility

What you’ll learn

  • Measure and annualise volatility to quantify market risk.
  • Differentiate historical, realised and implied volatility.
  • Recognise volatility clustering and changing market regimes.
  • Assess event-driven volatility expansion and contraction.
  • Use volatility conditions to evaluate option buying versus option selling.
05

Option Greeks & Exposure Measurement

What you’ll learn

  • Use Delta to estimate directional sensitivity.
  • Use Gamma to anticipate changes in Delta near expiry.
  • Quantify daily time decay through Theta.
  • Assess volatility and interest-rate sensitivity through Vega and Rho.
  • Aggregate Greeks across multi-leg positions and portfolios.
06

Core Options Strategy Frameworks

What you’ll learn

  • Long calls and long puts
  • Covered calls and cash-secured option positions
  • Uncovered option writing and its risk profile
  • Protective puts and collars
  • Long straddles and long strangles
  • Risk reversals and alternatives to underlying exposure
  • Payoff, volatility and time-decay exposure across core structures
07

Vertical Spreads & Defined-Risk Structures

What you’ll learn

  • Bull call and bear put spreads
  • Bull put and bear call spreads
  • Debit and credit structures
  • Strike-width and structure selection
  • Breakeven and risk-reward analysis
  • Greek, time and volatility behaviour within vertical spreads
08

Calendar, Diagonal & Ratio Structures

What you’ll learn

  • Calendar and diagonal spreads
  • Double calendars and double diagonals
  • Front spreads and backspreads
  • Ratio spreads and ratio option writing
  • Calendar-ratio combinations
  • Strike, expiry and volatility selection
  • Complexity and asymmetric-risk evaluation
09

Non-Directional & Range-Based Structures

What you’ll learn

  • Standard condors and iron condors
  • Butterflies and iron butterflies
  • Broken-wing structures
  • Short straddles and short strangles as range-based structures
  • Centre-strike and wing selection
  • Range, Gamma and Vega exposure
  • Gap, event and boundary risk
10

Volatility Skew, Term Structure & Surface

What you’ll learn

  • Volatility smile and downside skew
  • Strike-based and Delta-based comparisons
  • Absolute and relative skew
  • Term structure and event volatility
  • Forward-volatility intuition
  • Volatility-surface interpretation
  • Market-regime effects on volatility structure
  • Strategy sensitivity and model limitations
11

Portfolio & Position Hedging

What you’ll learn

  • Position-level versus portfolio-level hedging
  • Protective puts and collars at portfolio scale
  • Hedge-ratio construction and correct hedge sizing
  • Beta-weighting a portfolio against an index
  • Hedge cost versus protection obtained
  • Static, dynamic and rolling hedging approaches
  • Tail-risk hedging with far out-of-the-money options
12

The Insurance-Business Framework

What you’ll learn

  • How insurance businesses price and assume risk
  • Translating underwriting principles to option selling
  • Premium collection, probability and loss severity
  • How underwriting businesses can fail
  • Risk concentration, reserve discipline and adverse outcomes
  • Success drivers of professional risk underwriting
13

Position Sizing, Capital Protection & Margin

What you’ll learn

  • Risk management, money management and position sizing
  • Trade risk and capital allocation
  • Risk-based position-sizing methods
  • Defined-risk versus undefined-risk structures
  • Maximum loss versus displayed margin
  • Correlated exposure and portfolio limits
  • Portfolio diversification and condition-based adjustments
  • Addressable risks and protection against extreme events
  • Drawdown and forced-liquidation controls
14

Strategy & Trade Selection Framework

What you’ll learn

  • Reading market conditions before selecting a strategy
  • Evaluating potential realised volatility
  • Evaluating implied volatility
  • Selecting an appropriate expiry cycle
  • Evaluating volatility skew
  • Comparing alternative structures before committing capital
  • Aligning strategy, market hypothesis and risk capacity
15

Building a Trading Plan & Discipline

What you’ll learn

  • Developing the right mindset for managing an options portfolio
  • Building and consistently following a defined process
  • Objectives, capital constraints and permitted strategies
  • Predefined entry, risk, adjustment and exit rules
  • Position limits, maximum-loss and drawdown controls
  • Decision journaling and structured performance review
  • Core questions every trading plan should answer before entry

Options Trading programme coming soon

Enrollment details and the programme schedule will be announced when registrations open.

Enrollment opening soon