Options trading
Learn options trading for free
Start free, learn the strategies, then trade alongside the Alpha Club options group. Taught by Akylles, founder of Trade Feeld.
The options trading course
8 levels, each with a short video lesson, a quick check and a practical mission.
- Level 1
Options basics
Calls, puts, strikes, premium, expiry and reading an options chain.
- Level 2
Spreads
Bull call, bear put and credit spreads: max profit, max loss, breakeven.
- Level 3
Volatility & IV
Implied volatility, IV Rank and when options are cheap or expensive.
- Level 4
Earnings & events
Expected move from the straddle and IV crush around catalysts.
- Level 5
Advanced Greeks
Delta, gamma, theta and vega working together in one position.
- Level 6
Hedging & income
Protective puts, collars, covered calls and cash-secured puts.
- Level 7
Adjustments
Iron condors, rolling and written rules for closing a loser.
- Level 8
Trading systems
A one-page options playbook, risk per trade and a trade journal.
The best options strategies, explained
| Strategy | How it works | Market view |
|---|---|---|
| Covered call | Own 100 shares, sell a call above. Collects premium; caps upside. | Neutral to mildly bullish |
| Cash-secured put | Sell a put with cash set aside to buy the shares. Paid to wait for a lower entry. | Neutral to bullish |
| Long call / long put | Buy the right to buy or sell. Risk limited to the premium paid. | Directional |
| Vertical spread | Buy one option and sell another at a different strike. Defined risk and reward. | Directional, lower cost |
| Iron condor | Sell a call spread and a put spread. Profits if price stays in a range. | Range-bound, high IV |
| Calendar spread | Sell a near expiry, buy a later one at the same strike. Uses time decay. | Neutral, low IV |
| Protective put / collar | Insure shares you own against a fall, optionally paid for with a call. | Hedging |
Go deeper: the best indicators for options traders.
Options VIP group
Alpha Club: options signals, daily signals, stock picks, 20 charts a week and live rooms. From $149/month.
See Alpha Club →Learn from Akylles
Rami Alame (Akylles) shares options setups on X and YouTube and runs Trade Feeld's courses.
About Akylles →Questions
Where can I learn options trading for free?
Trade Feeld's free Seekers account includes the trading course, a library of 200+ guides including options topics, market news and community access. No card is required.
What is the best options trading course?
Look for a course that teaches the Greeks, implied volatility and risk rules with practical exercises, not only strategy names. Trade Feeld's Options Program runs across 8 levels, from Options Novice to Greeks Master, with a hands-on mission in every module.
What is a good options VIP group?
A good options group shows its reasoning, defined risk and invalidation for every idea. Alpha Club is Trade Feeld's options and daily trading group, with options signals, stock picks, 20 technical charts a week and live rooms where each setup is discussed.
Who is Akylles?
Akylles (Rami Alame) is the founder of Trade Feeld and teaches options and market structure on X (@akylles) and YouTube (@0xakylles).
What are the best options strategies for beginners?
Covered calls and cash-secured puts are usually learned first because their risk is easy to understand. Defined-risk vertical spreads are the natural next step.
Educational content only. Options carry risk and are not suitable for everyone. Not financial advice.