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Deep dive 14 lessons

Derivatives Beyond Options

Go beyond basic options to understand futures, forwards, swaps, put-call parity, and the Greeks in practice. These instruments drive trillions in daily volume and directly affect how institutional investors hedge, speculate, and manage risk.

Before this course

These cover the assumed background. You can start here anyway — nothing is locked.

Options Fundamentals

Lessons in this course

Work through them in order, or jump to whichever fits where you are. Every lesson is free and saves your progress locally.

  1. 01Forwards and Futures: Locking In a Price
  2. 02Futures Mechanics: Margin, Mark-to-Market, and Basis
  3. 03Put-Call Parity: The Pricing Anchor
  4. 04The Greeks in Practice: Gamma, Vega, and Rho
  5. 05Interest Rate Swaps: The World's Largest Derivatives Market
  6. 06Credit Default Swaps: Insurance on Bonds
  7. 07Delta Hedging: How Market Makers Stay Neutral
  8. 08Volatility as an Asset Class
  9. 09Greeks Beyond Delta: Why a Delta-Hedged Position Bleeds
  10. 10The Volatility Surface: Smile, Skew, and Term Structure
  11. 11VIX Curve and Variance Swaps: Why Long-Vol Products Bleed
  12. 12Exotic Options: Barriers, Lookbacks, Asians, and Digitals
  13. 13Interest-Rate Options: Caps, Floors, and Swaptions
  14. 14Volatility Trades: Long Gamma, Long Vega, and the Vol Curve
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