Curriculum
Options Pricing Track
Seven in-depth lessons covering options theory, the Greeks, and quantitative intuition — from Thales of Miletus to the Black-Scholes PDE. Each ends with a Python exercise that runs in your browser. No setup required.
01
What Is an Option?
Calls, puts, and why they exist
calls & putsCBOE 1973intrinsic valuemoneyness
15 min›
02
Put-Call Parity
The iron law of options pricing
put-call parityno-arbitragesynthetic positionsbox spread
15 min›
03
Black-Scholes Formula
The equation that changed markets
Black-Scholes 1973GBMrisk-neutral pricinglog-normal
20 min›
04
Delta: Directional Exposure
The most important Greek
Δ = N(d₁)delta hedgingportfolio deltahedge ratio
15 min›
05
Theta: Time Decay
Why options are a race against the clock
time decayΘ–Γ tradeoffcalendar spreads√T decay
15 min›
06
Gamma: Rate of Change of Delta
Why delta hedging requires constant rebalancing
Γ = n(d₁)/(S·σ·√T)gamma scalping0DTEpin risk
15 min›
07
Vega: Volatility Sensitivity
How option prices respond to changes in implied vol
vol surfaceVIXvariance premiumvol smile / skew
15 min›
08
Implied Volatility
What the market thinks about uncertainty
18 min›
09
Option Strategies
Spreads, straddles, and how to use the Greeks
20 min›
10
Binomial Trees
The discrete-time approach to option pricing
18 min›
⚡After the lessons, head to the Playground to implement all five Greeks in the full pricing engine and watch the curves update live.
Coming soon