Education

Financial options — the complete guides

Understand options from A to Z: call/put mechanics, the Greeks, strategies (basic and advanced), risk management and index options. Clear, jargon-free guides.

💡 Good to know: these guides are purely educational. Our partner Phidias Propfirm funds Futures accounts (ES, NQ, indices) — not options. The LUCAS LUCAS discount to verify at checkout code applies to Phidias Futures accounts. For funded trading, see the Phidias review.

The options guides

The basics: call, put, premium, strike

The vocabulary and core mechanics of options, explained simply.

Read the guide → 02

The Greeks: Delta, Gamma, Theta, Vega

How to measure and anticipate an option's sensitivity to market moves.

Read the guide → 03

Basic strategies

Long call/put, covered call: the first strategies to master.

Read the guide → 04

Advanced strategies

Iron condor, straddle, butterfly: multi-leg approaches broken down.

Read the guide → 05

Risk management

Sizing, stop-loss, loss management: protecting your capital on options.

Read the guide → 06

Index options (SPX, NDX, DAX)

The specifics of index options and why they matter.

Read the guide → 07

7 fatal mistakes to avoid

The most common beginner traps on options.

Read the guide →

Want to trade funded capital?

Phidias Propfirm funds traders on Futures contracts (ES, NQ, indices) — not options. Clear rules, regular payouts, static drawdown on E2L and EOD drawdown on Fundamental/Premium.

Code: LUCAS · LUCAS discount to verify at checkout
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