The Bag
This is where real money moves.
Advanced strategies that separate retail from professional. Multi-leg options, bond markets, portfolio theory, and risk management frameworks. You are building the bag — and learning to protect it.
10 Topics in Level 3
Multi-Leg Options Strategies
25 minSpreads, straddles, strangles — combining options to define your risk and maximize your edge. The professional playbook.
Covered Calls & Cash-Secured Puts
18 minGenerate income on stocks you own or want to buy. The strategies that income-focused hedge funds use daily.
Understanding the Greeks
30 minDelta, Gamma, Theta, Vega — the four forces that control options pricing. Master these and you master options.
Bond Markets & Yield Curves
20 minThe bond market is bigger than stocks and it drives everything. Yield curves predict recessions. Learn the fixed income game.
Risk/Reward Analysis
15 minEvery trade has a risk-reward profile. Learn to calculate it, demand at least 2:1, and never enter a trade blind.
Portfolio Diversification Theory
18 minModern Portfolio Theory and the efficient frontier. How to maximize returns for a given level of risk.
Hedging Strategies
15 minProtect your portfolio from crashes without selling your positions. Puts, collars, and inverse ETFs as insurance.
Earnings Options Plays
20 minIV crush, straddles around earnings, post-earnings drift. The playbook for the most volatile events on the calendar.
Position Sizing & Kelly Criterion
15 minHow much of your portfolio to risk on each trade. The math that separates survivors from blow-ups.
Swing Trading Frameworks
18 minHolding trades for days to weeks. Trend following, mean reversion, and the patterns that swing traders hunt.