Level 3
Advanced
24 lessons, 102 minutes of video. 0 complete.
This level is locked. It opens when you pass the Intermediate exam. You can see the lesson list below.
Level exam
Opens when every lesson in this level is marked complete (0 of 24).
Trade scenarios
6 practice situations for this level.
- 1What does the shape of a payoff graph tell you?4:33
- 2What is the T+0 line, and what does volatility do to it?3:32
- 3Why don't all strikes have the same volatility?3:40
- 4Why do different expiries price differently? Contango and backwardation3:50
- 5You sold an option, then the curve flipped: what happens?3:35
- 6What is the volatility risk premium?3:28
- 7Low VIX or high VIX: is the option cheap or just quiet?4:01
- 8What is delta hedging?3:43
- 9How far must it move to pay for theta?3:44
- 10How do you read a whole portfolio's risk?3:42
- 11Weighted vega: why raw vega lies4:11
- 12How does skew move in a sell-off?4:30
- 13What happens in a crash?4:42
- 14How do index options differ?4:12
- 15How do market makers and dealers change the picture?3:34
- 16How do you size risk across many trades?3:52
- 17How do you test a strategy honestly?3:42
- 18Iron condor5:26
- 19Iron butterfly5:43
- 20Calendar spread5:17
- 21Diagonal spread4:37
- 22Short straddle and strangle (uncovered selling)4:43
- 23Ratio spreads and backspreads4:41
- 24Hedging a portfolio against a crash5:29