KomiTrade School

The lessons are not published yet. Below is the curriculum: course and lesson names with the goal of each lesson.

1. Course 0 Start

   5 lessons

   1. 0.1How this school worksThe reader knows how lessons, quizzes and the forum work.
   2. 0.2Options in 10 minutes: calls, puts, strike, expirationUnderstand what a call and a put give the buyer and oblige the seller to do.
   3. 0.3Premium, time decay and implied volatilityExplain why an option seller receives premium and what changes its size.
   4. 0.4The Greeks you actually need: delta, theta, vegaRead delta, theta and vega of a position in plain words.
   5. 0.5Margin, buying power and BPRUnderstand BP used and BPR and why they limit position count.

2. Course 1 Short puts

   7 lessons

   1. 1.1What a short put is (and what it is not)Profit/loss profile, break-even and assignment of one short put.
   2. 1.2Choosing the underlyingA checklist for stocks and ETFs suitable for selling puts.
   3. 1.3Strike and expiration: delta and DTEWhy 0.20–0.30 delta and 30–45 DTE are common starting points.
   4. 1.4IV, IV Rank and earningsJudge when premium is rich and why earnings change the trade.
   5. 1.5Managing winners: profit targets and DTE exitsWhy many sellers close early.
   6. 1.6Managing losers: stops, rolling, defenseDecide in advance what happens when the put is tested.
   7. 1.7What can go wrong: gaps and crashesUnderstand tail risk of selling puts.

3. Course 2 The wheel

   6 lessons

   1. 2.1The wheel cycle: put → shares → call → repeatOne complete cycle on one example, including the cost basis.
   2. 2.2Picking wheel stocks: would you own it?Select underlyings you are willing to hold for months.
   3. 2.3Assignment is not a failureKnow what happens on assignment and what to do next.
   4. 2.4Adjusted cost basisCompute the effective share price after all premiums.
   5. 2.5Calls after assignment: above or below basis?Choose the call strike against the basis.
   6. 2.6When to stop wheeling a stockRecognize when the thesis is broken.

4. Course 3 Covered calls

   5 lessons

   1. 3.1Covered call basicsProfile of 100 shares + 1 short call.
   2. 3.2Strike and DTE for covered callsTrade-off between premium and keeping the shares.
   3. 3.3Dividends and early assignmentWhy an ITM call before ex-dividend can be exercised early.
   4. 3.4Rolling covered callsWhen rolling up and out makes sense.
   5. 3.5LEAPS and the poor man's covered callLess capital, different risks.

5. Course 4 Put credit spreads

   5 lessons

   1. 4.1Put credit spread: a short put with a floorDefined risk = width − credit.
   2. 4.2Width, credit and probabilityJudge if the credit pays for the risk.
   3. 4.3Index spreads (SPX, XSP)Specifics of index options.
   4. 4.4Managing spreadsPlan exits before entry.
   5. 4.5Short put or spread?Compare the two on BPR, tail risk and management.

6. Course 5 Risk and money management

   6 lessons

   1. 5.1Risk per trade: define it before you enterMax loss per trade as % of account.
   2. 5.2Portfolio exposure and BP limitsWhy not to use all buying power.
   3. 5.3Stress tests: what happens at −20%?Read a scenario table before it happens.
   4. 5.4Kelly, and why you should use much lessKelly as an upper bound only.
   5. 5.5Diversification for option sellersSpread risk across what actually differs.
   6. 5.6Hedging: what it costs and what it buysHedges have a price.

7. Course 6 Journal and psychology

   4 lessons

   1. 6.1Why journal: the numbers you can't feelWin rate, profit factor, avg win/loss, expectancy.
   2. 6.2Small samples lieWhy 20 trades prove nothing; confidence ranges.
   3. 6.3Rules you can measureTurn rules into checkable tags.
   4. 6.4Review routine: daily, weekly, monthlyA short, repeatable review.