LearnEzy: an options trading course in 126 lessons, built into the option chain

From what a share is to adjusting a losing spread, in 14 tracks. Each lesson teaches one idea, then puts it to work on a sample option chain beside it.

How a lesson works

  • Theory, then Practical. Every lesson explains an idea step by step, then asks you to use it on the chain beside the text, with the strikes and premiums the lesson is about.
  • Plain English. Every lesson has a second version in everyday words, one switch away, for the first time through a topic.
  • A quiz after each track, a daily drill to keep earlier lessons fresh, and a streak and badges to track the habit.
  • The risk first. Before the first lesson, the course shows what SEBI's studies found about how individual F&O traders fare. It teaches understanding, not trading calls, and nothing in it is a recommendation to buy or sell.

The syllabus

The tracks run in the order a beginner needs them: the market itself, then options, the chain, planning a trade and managing risk, and then the strategies, volatility, expiry day and adjustments that build on all of it.

1. Stock Market Basics (14 lessons)

Start here. What a share is, how the Indian stock market works, and the words it uses.

  1. What is a share?
  2. Stock exchanges and SEBI
  3. Broker, trading account and demat account
  4. IPO: primary vs secondary market
  5. How a share price is set
  6. Placing an order
  7. Market cap and company size
  8. Dividends, bonus shares and stock splits
  9. What is an index?
  10. Meet NIFTY
  11. Index funds and ETFs
  12. Bull market, bear market, investing vs trading
  13. Where a view comes from
  14. Key words glossary and recap

2. Options Foundations (12 lessons)

What an option is, what one contract costs, and the most a buyer can lose.

  1. What is a derivative?
  2. What is an option?
  3. What is an option contract?
  4. Meet the option chain
  5. Strike, spot and the gap between
  6. Calls, puts, and which way you are leaning
  7. Lot size and contract value
  8. The premium has two halves
  9. Stocks vs Options
  10. Cash or delivery
  11. Which day it ends
  12. The most money you can lose

3. Reading the Chain (10 lessons)

Where the money is parked: the strikes where the most positions are held.

  1. Every column on the board
  2. Open interest is a crowd, not a price
  3. What changed today
  4. Walls: where the positions are standing
  5. The spread, paid half each way
  6. The expected move
  7. India VIX, in one line
  8. PCR, and how to not misread it
  9. Max Pain, and how to not misread it
  10. Read a whole option chain

4. Planning a Trade (10 lessons)

Why most buyers lose, the setup, the reason, the cost, the exit written first, and the order.

  1. Why most buyers lose
  2. Reading the hockey stick
  3. A view is not a setup
  4. The reason you can name
  5. What the view costs
  6. Write the exit first
  7. The date is a stop too
  8. The four ways out
  9. Placing the order
  10. Intraday or positional

5. Risk & Discipline (4 lessons)

The question to ask first, how big a position may be, chasing, and trades that are secretly one.

  1. The only question that matters
  2. Position size
  3. Chasing
  4. Correlation

6. Greeks, Risk & Selling (11 lessons)

What moves a premium, the four Greeks, the crush, delta, leverage, margin, and both sides of selling.

  1. The premium can change for more than one reason
  2. What the Greeks are
  3. The four Greeks, one at a time
  4. The crush
  5. Delta, as a rough probability
  6. Leverage, and the number it hides
  7. The strike has to be reachable
  8. What you pay, and what you post
  9. Selling a call
  10. Selling a put
  11. Selling premium

7. Spread Basics (5 lessons)

Two legs instead of one: how wide, debit or credit, the wing, and the ratio it forces.

  1. Two legs instead of one
  2. How wide to make the spread
  3. Debit or credit
  4. The wing is the insurance
  5. Width, cost and the ratio it forces

8. Bullish Strategies (17 lessons)

The structures that say you think it goes up, core structures first, advanced last.

  1. Bull Call Spread
  2. Bull Put Spread
  3. Bullish Butterfly
  4. Bullish Iron Condor
  5. Covered Call
  6. Protective Put
  7. Collar
  8. Cash-Secured Put
  9. Poor Man's Covered Call
  10. Bullish Diagonal Call
  11. Bull Call Backspread
  12. Synthetic Long (Futures)
  13. Bear Call Ladder (Short Call Ladder)
  14. Call Ratio Spread
  15. Short Put Ratio Spread
  16. Jade Lizard
  17. Covered Strangle

9. Bearish Strategies (10 lessons)

The structures that say you think it falls, core structures first, advanced last.

  1. Bear Put Spread
  2. Bear Call Spread
  3. Bear Butterfly
  4. Bear Condor
  5. Bearish Put Diagonal
  6. Put Ratio Backspread
  7. Synthetic Short
  8. Covered Put
  9. Bear Put Ladder
  10. Christmas Tree

10. Neutral Strategies (8 lessons)

The structures that say you think it goes nowhere, core structures first, advanced last. Premium-selling structures: the premium is the most you can make, and the loss can be larger.

  1. Iron Condor
  2. Iron Butterfly
  3. Put Calendar
  4. Call Calendar
  5. Double Calendar
  6. Short Strangle
  7. Short Straddle
  8. Reverse Jade Lizard

11. Big Move Strategies (7 lessons)

The structures that say you expect a big move but don't know which way, core structures first, advanced last.

  1. Long Straddle
  2. Long Strangle
  3. Event Days
  4. Reverse Iron Butterfly
  5. Reverse Iron Condor
  6. Strap
  7. Strip

12. Volatility (6 lessons)

What IV is, IV rank, event pricing, vega, skew and the chance of a touch.

  1. What implied volatility is
  2. IV rank
  3. Events are priced in advance
  4. Vega
  5. Skew
  6. Probability of touch

13. Expiry Day (6 lessons)

The theta cliff, gamma, and the last hour.

  1. The theta cliff
  2. Gamma
  3. The last hour
  4. Pin risk
  5. Settlement
  6. What to do on the morning

14. Adjustments (6 lessons)

Rolling, hedging, and knowing when to cut.

  1. Rolling
  2. Hedging a loser
  3. Adding is a new trade
  4. Taking half off
  5. Turning one thing into another
  6. Knowing when to cut

Where it fits

The free guides on this site cover the core ideas in a page each. LearnEzy is the full course inside the app, where the same ideas are practised on an option chain rather than read about, and where the option chain and strategy builder are one click from the lesson that explains them.

LearnEzy questions

What does the LearnEzy course cover?

14 tracks and 126 lessons: stock market basics, options foundations, reading the option chain, planning a trade, risk and discipline, the Greeks, spreads, bullish, bearish, neutral and big-move strategies, volatility, expiry day and adjustments.

Is LearnEzy for complete beginners?

Yes. The first track starts with what a share is and how the Indian stock market works, before any option appears, and every lesson has a Plain English version for a first reading.

Does LearnEzy give trading tips?

No. It teaches how options and the option chain work so you can understand what you are looking at. Nothing in it is a recommendation to buy or sell, and the course opens with SEBI's findings on how individual F&O traders fare.

How do I get access to LearnEzy?

LearnEzy is part of the EzyOptions app. Every new account starts with a 14-day free trial that opens every feature, including the course.

Try it free for 14 days

Related tools and guides

Free guides

Options basics, the Greeks, the chain and strategy guides, one page each.

Options glossary

Every term the course and the chain use, defined in a sentence or two.

Educational analytics only: not investment advice. You are responsible for your own trading decisions.