Course 13Individual lesson
VX02 — What Volatility Means
Volatility Primer (ES & Forex)
Volatility means how much price moves — the dispersion, or spread, of price over time. A calm market makes small moves and clusters tightly; a wild market
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Course 13Individual lesson
VX03 — Volatility Is Not Direction
Volatility Primer (ES & Forex)
The most important rule about volatility: it measures the size of moves, not their direction. A market can be highly volatile going up (a fast rally), goin
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Course 13Individual lesson
VX04 — Why Volatility Matters to Traders
Volatility Primer (ES & Forex)
Volatility matters because it shapes four things at once: your stops (wider in high volatility, or noise stops you out), your position size (smaller in hig
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Course 13Individual lesson
VX05 — Realized (Historical) Volatility
Volatility Primer (ES & Forex)
Realized volatility — also called historical volatility — is how much price actually moved in the past. It's backward-looking: a measurement of what alread
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Course 13Individual lesson
VX06 — Implied Volatility
Volatility Primer (ES & Forex)
Implied volatility (IV) is how much the market expects price to move in the future — it's forward-looking. Unlike realized volatility (what already happene
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Course 13Individual lesson
VX07 — Realized vs Implied
Volatility Primer (ES & Forex)
Comparing realized volatility (what actually happened) with implied volatility (what the market expects) is one of the most useful reads in all of volatili
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$5
Course 13Individual lesson
VX08 — The Volatility Risk Premium
Volatility Primer (ES & Forex)
Over time, implied volatility tends to sit above realized volatility — a persistent (but not guaranteed) gap called the volatility risk premium. The intuit
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$5
Course 13Individual lesson
VX09 — The VIX Explained
Volatility Primer (ES & Forex)
The VIX is the market's best-known volatility measure: an index of the implied volatility of S&P 500 options, reflecting the expected size of S&P moves ove
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$5
Course 13Individual lesson
VX10 — Reading the VIX
Volatility Primer (ES & Forex)
Reading the VIX means understanding three things: levels (lower readings tend to mean calm, higher readings stress — but these are rough, contextual zones,
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$5
Course 13Individual lesson
VX11 — Volatility Regimes
Volatility Primer (ES & Forex)
A volatility regime is a persistent environment of either low or high volatility. In a low-vol regime, markets are calm with small moves; in a high-vol reg
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$5
Course 13Individual lesson
VX12 — Volatility and the Liquidity Regime
Volatility Primer (ES & Forex)
Volatility and the liquidity regime (QE/QT) are connected. When liquidity is ample (a QE-ish regime), conditions are easier and volatility tends to run low
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$5
Course 13Individual lesson
VX13 — Mean Reversion & Clustering
Volatility Primer (ES & Forex)
Volatility has two signature behaviors that operate on different horizons. Clustering (short run): volatility persists — calm tends to follow calm, storms
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$5
Course 13Individual lesson
VX14 — Volatility Expansion & Contraction
Volatility Primer (ES & Forex)
Volatility cycles between contraction (quiet, narrow ranges) and expansion (big moves, wide ranges). The key pattern: compression precedes expansion — tigh
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$5
Course 13Individual lesson
VX15 — Volatility Across Sessions & Events
Volatility Primer (ES & Forex)
Volatility isn't constant through time — it rises and falls across the trading day and around events. Across sessions, it tends to pick up at key opens (an
30 days access
$5
Course 13Individual lesson
VX16 — Trading With Volatility in Mind
Volatility Primer (ES & Forex)
Trading with volatility in mind means calibrating how you trade to the current volatility — it is not a signal to enter. In higher volatility: wider stops,
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$5
Course 13Individual lesson
VX17 — Volatility as a Tradeable Concept
Volatility Primer (ES & Forex)
Here's the conceptual leap: volatility itself can be traded — not just used as context. Because options are priced on implied volatility, and because instr
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$5
Course 13Individual lesson
VX18 — Capstone: The Bridge to Options
Volatility Primer (ES & Forex)
The capstone. Volatility is the size of the move, not its direction. You measure it two ways — realized (what happened) and implied (what's expected) — and
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Course 14Individual lesson
OB01 — Start Here: Welcome to Options
Options Basics (ES & SPX)
Welcome to Options Basics — the first book of the options vertical, and the start of a new chapter built on everything you've learned. An option is a contr
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Course 14Individual lesson
OB02 — What Is an Option?
Options Basics (ES & SPX)
An option is a standardized contract conveying the right, but not the obligation, to buy or sell a specific underlying at a specific strike price by a spec
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$9
Course 14Individual lesson
OB03 — Calls and Puts
Options Basics (ES & SPX)
There are two basic types of option: a call is the right to buy the underlying at the strike; a put is the right to sell the underlying at the strike. They
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$9
Course 14Individual lesson
OB04 — The Four Basic Positions
Options Basics (ES & SPX)
Combine the type (call/put) with the side (buy/sell) and you get the four basic positions: long call, long put, short call, short put. Buyers (long) pay th
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Course 14Individual lesson
OB05 — Strike Price
Options Basics (ES & SPX)
The strike price (or exercise price) is the set price at which an option can be exercised — for a call, the price at which you can buy the underlying; for
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Course 14Individual lesson
OB06 — Expiration
Options Basics (ES & SPX)
Every option has a finite life ending on its expiration date — the deadline by which it must be used or it expires. Time matters enormously: an option's ti
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Course 14Individual lesson
OB07 — Moneyness (ITM / ATM / OTM)
Options Basics (ES & SPX)
Moneyness describes where the strike sits relative to the underlying's current price. In the money (ITM): the option has intrinsic value — a call with the
30 days access
$9