The DeltaDesk Curriculum
A deliberate path from first principles to the prop desk. Work through it in order, or jump to any module. Your progress, XP and badges are saved automatically — no signup needed.
Start Here
Never traded options? Begin here — zero knowledge assumed.
What Is an Option, Really?
A paid booking: the right (not obligation) to buy or sell later.
6 minCalls and Puts in Plain Words
Call = bet price goes up. Put = bet price goes down. That's it.
6 minStrike, Premium & Expiry
The three numbers on every option: agreed price, fee, deadline.
6 minYour First Trade, Step by Step
Follow one real NIFTY call from buy to expiry, in rupees.
7 minThe Reality Check Every Beginner Needs
~9 in 10 retail F&O traders lose. Why — and how to be different.
5 minFoundations
Reframe what you already know about calls, puts and futures.
The Payoff Mindset
Every option is a bet on a payoff shape, not a price.
6 minPayoff Builder
Drag legs, watch the P/L curve, breakevens and max loss update live.
10 minBuyer vs Seller
Limited risk + unlimited reward vs high probability + capped gain.
7 minFoundations Quiz
Lock in the payoff fundamentals.
5 minThe Greeks
The forces that move an option price — made visual.
What the Greeks Measure
Delta, Gamma, Theta, Vega, Rho as sensitivities, not jargon.
8 minGreeks Explorer
Slide spot, vol, time and strike; watch every Greek respond in real time.
12 minTheta & Time Decay
Why option sellers love the calendar — and the curve that proves it.
7 minGreeks Quiz
Test your feel for the sensitivities.
5 minVolatility & IV
The single most misunderstood input — and the edge most pros trade.
Implied Volatility
IV is the market’s forecast of movement, priced in points.
8 minIV & VIX Dashboard
Real NIFTY IV rank, skew and India VIX across 15 years.
10 minIV Crush & Events
How Budget day and result shocks vaporise option premiums.
7 minVolatility Quiz
Prove you can read IV rank, the variance premium and the crush.
5 minStrategy Design
Combine legs into positions with a deliberate risk shape.
Costs, Tax & Risk
The gap between gross and net that quietly decides who survives.
Backtesting
Test ideas across years of market history before risking money.
Mini Trade Simulator
Place one trade on a real past week, fast-forward to expiry, see the real P&L.
8 minHistorical Backtester
Short straddle, strangle and long straddle on real NIFTY/BANKNIFTY data.
12 minOption Chain Explorer
Read a real option chain — OI, IV, Greeks, max pain, PCR.
10 minRisk Mastery
Drawdown, hedging and finding a real edge — what separates survivors from statistics.
Drawdown & Recovery Math
Why a 50% loss needs a 100% gain — and how to size for it.
8 minHedging — Paying for Insurance
Protective puts, collars and delta hedging — and when not to.
9 minFinding a Profitable Edge
Expectancy, costs and overfitting — telling signal from noise.
10 minRisk Mastery Quiz
Recovery math, hedges, expectancy and the overfitting trap.
5 minApplied Playbooks
Question-shaped how-tos that put the concepts to work on real Indian-market situations.
How to Adjust an Iron Condor When Tested
Delta triggers, rolling the untested side, and when to just close.
9 minHow to Hedge a NIFTY Portfolio with Puts
Sizing a protective put by notional and beta — and when not to hedge.
8 minTrading the Weekly Expiry: A NIFTY Playbook
The theta ramp, the gamma trap, and a defined-risk playbook.
8 minWhy Your Option Lost Money Even Though You Were Right
Theta, IV crush, breakeven and costs — the four culprits.
7 min