Structured options learning (McMillan-depth) plus 51 tactical setups across intraday, swing, scalping, positional, price action, and advanced schools. Every page uses Indian-market examples — Nifty, Sensex, BankNifty, single stocks.
Eight paths — one comprehensive book on options, and seven tactical categories covering 51 setups. Pick the one that matches your timeframe and style.
Structured 28-chapter learning path
Read cover-to-cover. Basics, strategies, Greeks, volatility, position sizing, expiry mechanics — the complete Indian-market options walkthrough with McMillan-depth Advanced sections.
2–10 day holding — ride multi-day moves
Positions held over multiple sessions. Aim to capture the meat of a directional move on the daily/hourly chart, then exit before the trend exhausts.
Enter and exit same day
No overnight risk. Uses 5-min to 30-min charts. High attention span required; fees can accumulate quickly, so edge per trade must clear costs.
Weeks to months — follow macro trends
Long-timeframe trades built on weekly charts, macro data, or sector rotation. Fewer decisions, larger moves, more room for the thesis to play out.
Minutes — dozens of tiny wins
1–3 minute charts. Rapid entries and exits chasing small point-moves. Only viable with very low commissions and near-instant fills. Not for casual traders.
Theory-heavy frameworks
Classical schools: Dow theory, Elliott Wave, Smart Money Concepts, Gann, Fractals, Renko. Long learning curves, but each provides a distinct lens on price.
Read the chart, skip the indicators
Pure structure — candlesticks, support/resistance, patterns, moving averages as dynamic S/R. Minimal indicator clutter; direct reading of what price is doing.
Retail options tactics from the book
Indian retail options plays: weekly hedged trades, OI-based buying, expiry-day setups, momentum-based option selling. Supplements the McMillan-depth options chapters.
Each chapter takes one topic, explains it in plain English, and walks through worked Indian-market examples. Where deeper detail is available, an Advanced section expands inline.
Calls, puts, strike price, premium, expiry — the vocabulary you need before anything else makes sense.
Nifty · Sensex Chapter 2The classic income strategy. Ranking writes, incremental returns, follow-up recipes, tax mechanics.
Reliance Chapter 3Get paid to wait. Put ladders, the wheel, assignment mechanics — full playbook.
TCS Chapter 4Advanced selection criteria (delta, IV rank, time), follow-up action, rolling in profit and loss.
Nifty Chapter 5Speculation and hedging. Portfolio insurance costs, rolling protection, married puts.
Sensex Chapter 6Bullish with defined risk. Debit vs credit spreads, adjustment recipes, selection ranking.
Nifty Chapter 7The bearish mirror. Bear call spreads, when to pick debit vs credit, follow-up actions.
Nifty Chapter 8Buying volatility. IV crush mechanics, event trading recipes, when to enter and exit.
Sensex on RBI Chapter 9Selling volatility. Strike selection, adjustment recipes, real backtest results, tail-risk math.
Nifty weekly Chapter 10Bounded-risk income. Iron butterfly, broken-wing variants, 21-DTE management, roll recipes.
Nifty · Sensex Chapter 11Precision bet on price. Standard, iron, broken-wing, and pinning strategies.
Nifty Chapter 12Trade time itself. PMCC (Poor Man's Covered Call), diagonal rolls, event calendars — all in one chapter.
Nifty monthly Chapter 13Delta, gamma, theta, vega, portfolio-level Greeks, delta hedging mechanics.
Concepts Chapter 14The 2% rule to Kelly criterion, volatility scaling, drawdown recovery math.
Practical Chapter 15Zerodha vs Dhan, real fee breakdown, F&O turnover, ITR-3, physical delivery.
India Chapter 16Every position has a twin. Conversions, boxes, and why arbitrage keeps prices honest.
Concepts Chapter 17Sell more than you buy. Asymmetric directional bets with clear tops or bottoms.
Directional Chapter 18Buy more than you sell. Cheap volatility bets that pay off huge when right.
Event days Chapter 19NSE Tuesday, BSE Thursday. Weekly and monthly calendars for every product.
India specifics Chapter 20India VIX, IV rank, mean reversion. Trading volatility directly.
India VIX Chapter 21IV isn't one number — it's a surface. Reading and trading the shape.
IV surface Chapter 22Gamma scalping, dynamic hedging, when it pays and when it doesn't.
Advanced Chapter 23The complete adjustment library — McMillan's if-then recipes for every strategy.
Management Chapter 24Splits, bonuses, mergers, dividends — how option contracts adjust.
Stock options Chapter 25Expiry week playbook — physical delivery, settlement, pin dynamics.
Expiry week Chapter 26The five destructive emotions, the trader's journal, real-world case studies.
Meta Chapter 27Backtesting, walk-forward, live monitoring — turn ideas into systems.
Systematic Chapter 2889% SEBI loss rate. Honest exit criteria and productive alternatives.
HonestThe payoff calculator draws profit & loss for any combination of options — with Indian lot sizes and rupee amounts. Sliders, draggable strikes, Black-Scholes auto-pricing, and side-by-side scenario comparison.
Open the calculator