What options are, and who they are for
Where options came from, hedging for investors versus speculation for traders, and the contract itself — lot size, underlying, expiry, strike and style.
Free learning initiative
A free futures and options crash course, from your first call to the Greeks
Options are the instrument most people trade before they understand. Jobaaj Learnings is making this crash course free for every student — calls and puts, premium and moneyness, the option chain, open interest, and the Greeks that actually drive the price.
No payment step. Open the first lesson straight away.
// Option chain, illustrative
SPOT 1,248
STRIKE 1,250 CE ATM
Premium = intrinsic + extrinsic
= 0 + 31.40
Premium
₹31.40
all time value
Delta
0.51
≈ ATM
Open interest
24,80,000
+12% today
Intrinsic value₹0.00
Extrinsic (time) value₹31.40
Theta, per day−₹1.85
Days to expiry17
Illustrative figures, not a recommendation
Our learners now work at
What you'll learn
Understand what you are buying before you buy it
Most option losses are not bad calls on direction. They are a misunderstanding of what the premium is made of and how fast it decays. This course starts there.
Calls, puts, and which side you are on
Call versus put, buying versus selling, and the asymmetry between them — including how much capital each side actually requires, and index options versus stock options.
What the premium is made of
Intrinsic versus extrinsic value, and moneyness — in, at and out of the money. The single distinction that explains most first-year losses.
Reading the option chain
How to interpret the chain itself, what open interest is telling you, and how to read it alongside price rather than as a signal on its own.
The Greeks, applied
Delta, then Gamma, Theta and Vega — what each one measures and, more usefully, how they are used in practice to choose a strike price.
Charts, entries and stops
The technical layer for options: identifying trend, drawing support and resistance, choosing an entry, and using stop loss, trailing stop and target on a live trade.
Why it's free
We built this to be learned from, not sold.
A lot of people who need a skill like this are exactly the people least able to pay for it — students between semesters, freshers before a first job, anyone rebuilding after a break. So we took the fee off.
01
The whole course, not a preview
Every lesson is open from the start. There's no locked second half and no upgrade waiting three modules in.
02
Free because it should be, not for a window
This isn't a promotional price or a trial. There's no clock on it and no fee arriving later.
03
Built to the same standard as the rest
Nothing was trimmed to make it free. It is the same material, at the same depth, as everything else we teach.
04
Yours to keep
Come back to a lesson next month or next year. Access doesn't expire and nothing gets pulled behind a paywall.
Where it takes you
Derivatives literacy, on either side of the desk
Most people learn this to trade their own capital more carefully. It is also the assumed baseline in derivatives, risk and dealing roles.
Informed self-directed trader
The most common reason people take this — size a position, choose a strike, and know what decay is costing you.
Derivatives Trader
Trade futures and options for a desk or prop firm, where the Greeks are daily vocabulary.
Derivatives Analyst
Analyse open interest, volatility and positioning to produce a view for a desk or publication.
Risk Analyst
Measure and limit exposure across a derivatives book — you cannot manage what you cannot decompose.
Equity & Derivatives Dealer
Execute client orders in F&O, where product knowledge is the entry requirement.
Market Content Analyst
Explain derivatives clearly for a broker, fintech or media outlet.
ZerodhaAngel OneMotilal OswalUpstox
ICICI SecuritiesKotak Securities5paisaSharekhan
GrowwDhan
Salary bands are indicative market ranges for these roles in India, not an outcome promised by this course. Nothing on this page is investment advice, and F&O trading carries a high risk of loss.
Sixty-second check
What's your options level, really?
Five questions on the things that actually trip people up. Answer them and you'll get a read on where you stand — and which part of the course to start from.
Certificate
Finish the course, get certified
Submit your assignment and Jobaaj Learnings issues a verifiable certificate you can share anywhere.
Official and verifiable
Issued and signed by Jobaaj Learnings, with a record an employer can check.
Easy to share
Add it to your résumé or post it to LinkedIn the day it's issued.
Evidence, not decoration
It says you finished the work and submitted the assignment — which is what it's worth showing for.
Learner journeys
Where people took it from here
A few of the moves made by learners who upskilled with Jobaaj Learnings.
H
Himanshu
Stock Market Analyst
Placed as a stock market analyst after completing the programme.
G
Gauri
Placed after a career break
Returned from a period out of work and secured a role in her target field.
S
Simran
Founder
Launched her own business with support from the Jobaaj community.
SV
Savita
Returned to the workforce
Re-entered work after a break away and moved into a market-facing role.
MB
MBA, tier-3 city
Investment Banker
Went from an MBA outside the metro campuses to an investment banking seat.
SC
Sales & support switcher
Data Analyst
Moved from sales and customer support into a data analytics role.
Individual journeys shared by Jobaaj Learnings alumni. Outcomes vary and are not promised by this course.
FAQ
Questions people ask before starting
Yes. Jobaaj Learnings provides it free of cost. There’s no fee to start, no trial period that ends, and no payment step anywhere in the flow.
None. The course starts from the very beginning and builds up from there, so you can begin with no prior experience in the subject.
Yes. Every lesson is recorded, so you can pause, rewind and come back whenever it fits around classes or work. There’s no schedule to keep up with.
It helps. The course starts from what an option contract is, but it assumes you know what a share and an exchange are. The stock market basics crash course covers that ground and is also free.
The course covers this directly, including why buying and selling options require very different amounts. You need no capital at all to take the course — nothing in it requires you to place a trade.
No, and that’s deliberate. The course teaches how options are priced and what moves them, not positions to take. Nothing in it is investment advice. F&O trading carries a high risk of loss, and most retail participants lose money.
Read an option chain, break a premium into intrinsic and time value, tell in, at and out of the money apart, explain what Delta, Gamma, Theta and Vega each measure, use open interest as context, and choose a strike with a reason behind it.
Write to training@jobaaj.com and we’ll get back to you.
Keep going
More free crash courses in markets and finance
Options sit on top of everything else. These are the layers underneath. All free from Jobaaj Learnings.
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The fundamental view on the companies whose options you are trading.
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Financial modelling
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Portfolio management
Position sizing, diversification and risk across a whole book rather than one trade.
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Ratio analysis
The company numbers underneath the contract.
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Ready to understand options?
This crash course is completely free. Open the first lesson and start with what a premium actually is.
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