Options 101

Options education without the sales pitch

Options 101

Options 101 is a free online resource for learning how financial options work, how they are priced, and how professionals think about their risks.

No ads. No scammy brokers. No affiliate links. Nothing to sell you.

Explore the courses

Courses

Learn options from first principles.

The material is free, rigorous, and designed around how options are actually understood and used.

Course 01

Introduction to Financial Options

Learn what options are, how their payoffs work, why uncertainty creates value, and how traders price and manage their risks.

Slides PDF Video

Who We Are

Built by practitioners who care about teaching.

Agustin Lebron

Agustin began his trading career at Jane Street, where he traded equity, index and commodity options, as well as other derivatives. He currently works at EquiLibre Technologies, a frontier AI trading lab.