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Learn Options Trading
For Free. For Real.

Everything a premium course teaches — except it's free, and built by a former licensed financial advisor with over a decade of experience in options trading.

Courses Strategies Dictionary Tools

Pick a course. Start learning.

Three courses, sixty lessons. Beginner to advanced — all free.

Explore options strategies.

70+ strategies organized by market direction and purpose.

↑

Bullish

Profit when stocks go up

  • Long Call
  • Bull Call Spread
  • Bull Put Spread
  • LEAPS
↓

Bearish

Profit when stocks go down

  • Long Put
  • Bear Put Spread
  • Bear Call Spread
  • Protective Put
↔

Neutral

Profit from sideways markets

  • Iron Condor
  • Iron Butterfly
  • Short Strangle
  • Calendar Spread
$

Income

Generate monthly cash flow

  • Covered Call
  • Cash-Secured Put
  • The Wheel
  • Poor Man's Covered Call
✶

Volatility

Trade big moves either way

  • Straddle
  • Strangle
  • Volatility Crush
  • VIX Options
☍

Hedging

Protect your portfolio

  • Protective Put
  • Collar
  • Married Put
  • Put Hedge
70+ strategies coming soon

Look up any term. Instantly.

170+ options and investing terms explained in plain English.

Options Basics

Contracts, strikes, premiums, expiration, and the fundamentals every trader needs.

  • Call Option
  • Put Option
  • Strike Price
  • Premium
  • Expiration Date
30+ terms

The Greeks

The numbers that tell you exactly how your option will behave.

  • Delta
  • Gamma
  • Theta
  • Vega
  • Rho
12 terms

Volatility

Implied volatility, historical volatility, skew, and everything IV.

  • Implied Volatility
  • IV Rank
  • IV Percentile
  • Volatility Skew
  • VIX
15 terms

Technical Analysis

Chart patterns, indicators, and tools traders use to time trades.

  • Moving Average
  • RSI
  • MACD
  • Bollinger Bands
  • Support & Resistance
27 terms

Market Structure

How exchanges, market makers, and order flow actually work.

  • Market Maker
  • Bid-Ask Spread
  • Open Interest
  • Volume
  • Order Types
20 terms

Trading Psychology

Master your emotions. Fear, greed, discipline, and the mental game.

  • Fear & Greed
  • Loss Aversion
  • FOMO
  • Revenge Trading
  • Overtrading
18 terms
170+ terms coming soon

Free tools. Built for traders.

Calculators and utilities to make smarter trading decisions.

📈

Options Profit Calculator

Max profit, max loss, breakeven, and a visual P&L chart for any strategy before you trade.

Coming soon
⚖

Position Size Calculator

Enter your account size and risk tolerance. Get the exact number of contracts to trade.

Coming soon
📊

Expected Move Calculator

See the expected price range based on IV. Know what the market is pricing in before events.

Coming soon
💰

Compound Interest Calculator

Frequently Asked Questions

Everything you need to know before you start.

There is no catch. Every course, every lesson, every tool is completely free. No paywall, no credit card, no brokerage account required. Options Academy is built by one person who believes financial education should be accessible to everyone.
Anyone who wants to learn options trading and investing. Whether you have never placed a trade or you are an intermediate trader looking to level up, there is a course for you. The beginner course assumes zero prior knowledge.
Start with the Beginner Course. It is 20 lessons that take you from zero to understanding how options work, what calls and puts are, and how to place your first trade. No prior knowledge required.
Yes, options trading involves real risk. You can lose money. That is exactly why education matters. Our courses teach risk management, position sizing, and how to choose strategies that match your goals and risk tolerance. Education is the best risk management tool you have.
All content is written by Sal Mutlu, a former licensed financial advisor and active options trader with over a decade of experience. Sal is no longer licensed and does not provide personalized financial advice. Learn more about Sal.
Yes. Short 2-3 minute video lessons are coming for every lesson. Sal will personally walk you through each topic. No AI voices, no generic presentations. Videos will appear on each lesson page when ready.
No. Options Academy provides education, not financial advice. We teach you how options work and what strategies exist, but we never tell you what to buy or sell. Every trading decision is yours. Read our full disclaimer.