Options Vidya Academy
India's Options Academy — Free Forever

Options trading,taught by a realoptions trader.

Twenty years of real trading and market making, distilled into simple, structured lessons. From absolute basics to advanced strategies — with a quiz after every chapter. Built for every learner in India, and free. Always.

100% free — no catch
4.9/5learner rating
AMPVRSMI1k+
Learning from 28 states

Interactive Concept

The Long Call Payoff

Premium ₹180
BREAKEVEN 24980P/L = 0
Strike Price24,800

Max Loss

Only the Premium

Max Profit

Unlimited

This is the same payoff curve taught in Chapter 1 — drag the slider and feel the concept.

Mock Feed
NIFTY 5024,812.75+0.62%BANKNIFTY51,940.30+0.41%INDIA VIX12.84-3.10%PCR (NIFTY)1.24NeutralSENSEX81,506.09+0.55%MAX PAIN24,800Expiry ThuFINNIFTY23,672.40-0.18%
NIFTY 5024,812.75+0.62%BANKNIFTY51,940.30+0.41%INDIA VIX12.84-3.10%PCR (NIFTY)1.24NeutralSENSEX81,506.09+0.55%MAX PAIN24,800Expiry ThuFINNIFTY23,672.40-0.18%
Basics to Advanced✳No Paper Traders✳Twenty Years of Experience✳A Quiz After Every Chapter✳Free. Forever.✳From Kashmir to Kanyakumari✳
Basics to Advanced✳No Paper Traders✳Twenty Years of Experience✳A Quiz After Every Chapter✳Free. Forever.✳From Kashmir to Kanyakumari✳
Our mentor at his multi-monitor trading desk

Founder & Chief Mentor

Pravin Mishra

20+

Years in the Market

Our Mentor

Real traders rarely teach. So he decided to.

"I spent twenty years providing liquidity to this market. I watched retail traders repeat the same mistakes that market makers quietly profit from — and nobody with real experience ever taught them. Everyone sells courses built on paper trades. So I decided to share what I know with my fellow Indians, in simple words. Whether you learn from Kashmir or Tamil Nadu, the language of options should belong to everyone."

— Founder, Options Vidya Academy

2006

Joined an NSE derivatives desk — the first step into the world of options.

2012

Leading a market-making desk, providing liquidity in thousands of contracts daily.

2018

Institutional liquidity partner — mastering the game inside the bid-ask spread.

2026

Options Vidya Academy — that same knowledge, now free for every Indian learner.

NSEBSEOptions Market MakingLiquidity ProvidingDerivatives

Chapter 2 Preview

Meet the Greeks — your trading superheroes.

Options pricing looks like calculus from the outside. Inside the academy, it looks like this — four characters you will never forget.

ΔDirectional Velocity
Delta — The Speed Demon mascot

Delta “The Speed Demon”

Shows how much your option's price moves for every ₹1 move in the index.

Predict option price movement per point.

ΓRate of Speed Change
Gamma — The Accelerator mascot

Gamma “The Accelerator”

Tracks how fast Delta itself changes when the market picks up momentum.

The secret behind explosive expiry moves.

ΘTime Decay Clock
Theta — The Time Bandit mascot

Theta “The Time Bandit”

Eats a little of your option's premium with every second that ticks by.

Learn why sellers profit while buyers wait.

νImplied Volatility
Vega — The Volatility Dragon mascot

Vega “The Volatility Dragon”

Inflates option prices when panic or events shake the market — then deflates them.

Master IV crush before it burns you.

Curriculum

Six chapters. See exactly what's inside.

Every chapter shows its lessons, the skills you walk away with, and the practical tools you get — then a quiz to prove it. Free for every learner, forever.

01
Beginner 4 hrs · 8 lessons

Chapter 1: Options Basics

Inside this chapter

  • What a Call and a Put really are
  • Strike, expiry and premium, explained simply
  • ITM, ATM and OTM without the jargon
  • Lot sizes and how settlement works

You walk away with

  • Read any option chain in 30 seconds
  • Know exactly what you pay, and why
  • Place your first paper trade with confidence
Option-chain cheat sheet Payoff diagram workbook
Quiz: 10 Questions Free
02
Intermediate 5 hrs · 10 lessons

Chapter 2: The Greeks, Simplified

Inside this chapter

  • Delta — your direction meter
  • Theta — the silent time decay
  • Vega and implied volatility
  • Gamma — the acceleration effect

You walk away with

  • Predict premium moves before they happen
  • Time your entries around theta decay
  • Spot over-priced options using IV
Greeks quick-reference card IV watchlist template
Quiz: 12 Questions Free
03
Intermediate 6 hrs · 12 lessons

Chapter 3: Strategies That Work

Inside this chapter

  • Bull Call and Bear Put spreads
  • Straddle vs Strangle — when to use which
  • The Iron Condor, step by step
  • Discipline — when not to change a strategy

You walk away with

  • Pick the right strategy for any market mood
  • Cap your risk on every single trade
  • Build spreads with defined reward
Strategy selection flowchart Spread builder worksheet
Quiz: 15 Questions Free
04
Advanced 4 hrs · 9 lessons

Chapter 4: Expiry Day Playbook

Inside this chapter

  • The real risk-reward of expiry day
  • How to benefit from theta crush
  • Reading direction from open interest
  • Position sizing on expiry day

You walk away with

  • A complete expiry-day trading routine
  • Read open interest like a desk trader
  • Avoid the classic expiry-day traps
Expiry-day checklist OI reading guide
Quiz: 12 Questions Free
05
Advanced 3 hrs · 7 lessons

Chapter 5: Risk & Position Sizing

Inside this chapter

  • The 2% rule — survive first, earn later
  • Handling drawdowns calmly
  • Hedging basics for retail traders
  • Why a trading journal matters

You walk away with

  • A personal risk plan you will actually follow
  • Position sizing for any account size
  • Bounce back from losses without tilt
Risk calculator template Trading journal format
Quiz: 10 Questions Free
06
Advanced 5 hrs · 10 lessons

Chapter 6: Inside the Market Maker's Mind

Inside this chapter

  • How a liquidity provider actually thinks
  • The game behind the bid-ask spread
  • Order flow and trap zones
  • Lessons from twenty years on the desk

You walk away with

  • See the market through a maker's eyes
  • Spot traps before retail walks into them
  • Understand who really earns, and how
Market-maker diary notes Order-flow reading primer
Quiz: 15 Questions Free

Video Lessons

Watch the lessons free, then test yourself here.

Options Basics — Your First Lesson (Free)
12:08
Basics

Options Basics — Your First Lesson (Free)

210K views

Delta, Explained in 20 Minutes
22:14
Greeks

Delta, Explained in 20 Minutes

128K views

Expiry Day Strategy — BankNifty Breakdown
31:05
Expiry Day

Expiry Day Strategy — BankNifty Breakdown

96K views

The 2% Rule — Foundations of Risk
18:42
Risk

The 2% Rule — Foundations of Risk

74K views

Theta Decay — the Weekend Game
15:30
Greeks

Theta Decay — the Weekend Game

61K views

Straddle vs Strangle — Which One, When
24:44
Expiry Day

Straddle vs Strangle — Which One, When

102K views

What Is Premium? A Simple Example
14:20
Basics

What Is Premium? A Simple Example

187K views

How to Actually Use PCR and India VIX
19:55
Risk

How to Actually Use PCR and India VIX

54K views

A Quiz After Every Chapter

Watching is not enough. Prove it.

Every chapter ends with a quiz right here on the site — instant feedback, a clear explanation for each answer, and a chapter badge when you pass. Try the Chapter 1 sample below.

Instant result with a clear explanation
Unlock a chapter badge when you pass
Every question reviewed by our mentor

Sample Quiz — Q1/3

Score: 0

When you BUY a call option, what is your maximum possible loss?

For Every Indian Learner

Kashmir to Kanyakumari — one language: options.

Market terminal

The Inside View

How the market really works — explained in simple words, for the first time.

28

States

12,000+

Learners

40+

Cities

Learners from across India

SrinagarDelhiJaipurLucknowIndorePatnaMumbaiPuneAhmedabadSuratHyderabadBengaluruChennaiCoimbatoreKochiGuwahati

Learning Right Now

214

learners are taking a chapter quiz right now

Always Growing

New lessons are added every week

Chapters shaped by community questions

In Their Words

Srinagar to Chennai — one voice.

"For the first time, someone who actually trades explained the Greeks in simple words. The market-maker perspective is something no book teaches."
AMAaqib MirSrinagar, Kashmir
"The quiz after every chapter is the best part. You feel you truly learned something, not just watched a video. The expiry playbook changed my trading."
PVPriya VenkateshChennai, Tamil Nadu
"Everyone on YouTube sells the dream of option buying. This is the first place that showed me who actually makes the money, and how."
RSRohan SharmaIndore, Madhya Pradesh
"You can see twenty years of experience in every lesson. No tips, no jackpots — just process. A classy and honest academy."
MIMeera IyerMumbai, Maharashtra