Options 101 — Trade Options the Right Way (Free) | Krown Trading
Free Volatility-first options education · Quiz-locked progression · 4+ hours of professional-grade instruction
$0 · Lifetime access · Built for serious learners

Options aren't lottery tickets.
They're volatility instruments.

Most retail traders blow up trading options because they were never taught how options actually work. They guess direction. They buy weeklies. They wonder why the chart moved their way and they still lost money. This free course teaches options the way professionals actually trade them — volatility-first, probability-driven, built around defined risk and structure.

Enroll Free — Start Now → See The Reframe
11
Video Lessons
7
Mastery Quizzes
4h+
Pro Instruction
$0
Lifetime Access
The Reframe

Everything you've been told about options is wrong.

Retail options "education" is built around the same broken story: buy calls, get rich, leverage to the moon. It's why the average retail options trader loses money even in a bull market. The professional approach is the exact opposite — and once you see it, you can't unsee it.

The Retail Lie

"Just predict direction correctly."
  • Buy calls when bullish, puts when bearish
  • Use leverage to maximize gains
  • Hold weeklies for the big move
  • Direction is everything — get it right and win
  • Volatility, theta, IV — those are for "advanced" traders

The Professional Truth

"Direction is the smallest part of the trade."
  • Volatility regime determines if options are cheap or expensive
  • Defined-risk structures protect against blow-ups
  • Position sizing is the actual edge — not direction
  • Probability thinking replaces prediction
  • Theta and IV are the entire game, not optional concepts
LOW IV MID IV HIGH IV STRIKE PRICE
High Volatility
Sell premium
Mid Volatility
Adjust strategy
Low Volatility
Buy premium
Strike Price
Reference point
Volatility Comes First

Direction is the smallest part of an options trade.

Most beginners spend 95% of their attention on whether the stock will go up or down. Professionals spend it on volatility regimes. Are options cheap right now? Expensive? Is implied vol elevated or compressed? That's the question that decides whether you should be a buyer or a seller in the first place.

"Get the volatility regime wrong, and even a perfect directional call can lose money."

This course teaches you to read the volatility surface before you place a trade. Once you can do that, the rest of options trading stops feeling random — and starts feeling like a structured probability game.

The 4 Modules

From first option to professional framework.

A logical progression — each module builds on the one before. Every video has a quiz that locks the next lesson until you pass. By the final module, you'll think about options the same way professionals do.

01 / FOUNDATIONS Intro

What Options Actually Are

The clear, jargon-free version of options that most courses skip past. Calls, puts, contracts, and what you're really buying when you buy an option.

  • Start Here—
  • What Are Options? (Made Simple)19:39
  • What Are Options Quiz QUIZ
02 / FUNDAMENTALS Greeks · IV

The Mechanics That Actually Matter

Intrinsic vs extrinsic value. The Greeks. Implied volatility. The four concepts that separate professionals from gamblers — and why most retail traders lose.

  • Intrinsic vs Extrinsic Value18:23
  • Intrinsic Vs. Extrinsic Quiz QUIZ
  • Options Dashboard — The Greeks32:06
  • Greeks Quiz QUIZ
  • Volatility & Option Pricing18:03
  • Implied Volatility Quiz QUIZ
  • Why Most Traders Lose Money18:32
  • Why Most Traders Lose Quiz QUIZ
03 / STRATEGIES Income · Risk

The Three Core Plays

Selling volatility, getting paid to buy assets, and controlling risk like a professional. Three strategies that handle 80% of professional retail options trading.

  • Selling Volatility (Income Generation)16:26
  • Covered Call Quiz QUIZ
  • Cash Secured Puts17:31
  • Cash Secured Put Quiz QUIZ
  • Vertical Spreads20:39
  • Vertical Spread Quiz QUIZ
04 / FRAMEWORK Probability

Risk, Probability & The Truth

The professional framework. Position sizing, probability thinking, and the truth about what options trading actually is — and isn't. The capstone you don't get to skip.

  • Position Sizing & Probability22:21
  • Position Sizing & Probability Quiz QUIZ
  • The Truth About Options Trading23:44
  • Final Quiz FINAL
What You'll Walk Away With

The end goal isn't expertise. It's the right foundation.

By the end of Options 101, you won't be a professional options trader. You will, however, think about options the way one does — and that's where every real trader starts.

01

Read the volatility regime first.

Before you ever click "buy" on an option, you'll know whether implied vol is cheap or expensive — and whether you should be a buyer or a seller.

02

Stop making beginner mistakes.

Buying weekly calls into earnings. Holding through theta decay. Selling naked puts on stocks you don't want to own. The big retail killers — gone.

03

Think in probabilities, not predictions.

"What's likely?" replaces "what will happen?" — the single most important shift a trader can make, and the foundation of every professional system.

04

Use defined-risk structures by default.

Vertical spreads, cash-secured puts, covered calls. The three strategies that let you participate in markets without ever risking blow-up.

05

Position-size like a professional.

Most traders don't blow up because they were wrong. They blow up because they were too big. Learn the math that keeps you in the game.

06

Stop seeing options as a gamble.

Options become what they actually are — a structured probability instrument. Predictable, manageable, and (when used right) one of the most powerful tools in trading.

Built By
Eric "Krown"

"If you're going to learn options, learn them the way professionals actually trade them."

15+ years trading professionally · Equity options market-making experience · Daily market analysis since 2018

The Person Behind The System

15 years of real options experience. Distilled into 11 lessons.

I've been trading and investing professionally since 2013 across crypto, equities, options, and macro markets. That journey included time as a licensed equity options market maker — which is where I learned how options actually work behind the order book, not just how they look on a retail platform.

Options 101 is the free on-ramp. Most retail "options education" is built to sell you the dream. This is built to teach you the reality. No hype, no upsell pressure, no "buy now to unlock the real content." Just the foundation that every serious options trader needs before they ever risk a dollar.

Real Students

The reframe actually lands.

Free doesn't mean lightweight. The students who finish Options 101 finish with a real foundation — and most go on to trade options for years.

★★★★★

"Module 4 (Why Most Traders Lose Money) should be required reading for every retail options trader. I've been losing for two years and never once thought about IV regime. Game-changer."

R
Ryan T.
Self-Taught · Lost $14K Before This
★★★★★

"The volatility-first framing changed how I see every options chain now. I genuinely cannot believe this is free. The Greeks module alone is worth more than most paid courses."

S
Sarah K.
Beginner · Completed In 8 Days
★★★★★

"I came in thinking I'd buy calls and get rich. I left understanding why I would have blown up. Took the course twice. Then bought the Trading Bible. This is the on-ramp."

J
Jamal R.
Beginner → Bible Member

★ Replace with verified student testimonials before launch ★

$0 · Instant access · No credit card

Stop gambling. Start understanding.

The course is free. The discipline is the price you pay — in focus, in honesty, in actually doing the work. The traders who put in the reps come out the other side seeing options the way professionals do.

Enroll Free — Start Module 1 →
● 11 Lessons ● 7 Mastery Quizzes ● Lifetime Access ● $0 Forever
When You're Ready For More

Finished Options 101? Here's what's next.

Options 101 is the foundation. The Trading Bible is the complete options system — 35+ strategies, multi-leg structures, market-maker insights, and the full quantitative framework that ties options into your broader trading.

  • 30+ options strategies — spreads, condors, butterflies, ladders
  • Market Maker Insights: conversions, reversals, collars
  • 10 documented live options trades, fully walked through
  • Plus the complete Trading Bible: TA, Quant, Psychology
  • Quant Companion AI · 24/7 trained on the entire program
Explore The Trading Bible →
The Next Step
Krown's Trading Bible
The complete system. Quant. Options. TA. Psychology. One unified framework — built across 15+ years on the desk.
90+
Lectures
35h+
Instruction
30+
Options Strategies
10
Live Options Trades
Common Questions

Before you ask — these are the answers.

Is this actually free, or is there a catch?
Genuinely free. No card. No trial. No hidden upsell at Module 3. The Trading Bible exists for traders who want the full system, but Options 101 stands completely on its own. Take it, finish it, never spend a dollar — that's the deal.
I've never traded options. Will this be over my head?
No. Options 101 is built specifically for the absolute beginner. Module 1 starts with "what is an option" — no prior knowledge assumed. By Module 4, you'll be thinking about probability and position sizing the way professionals do. The forced quiz progression makes sure you actually understand each concept before moving forward.
Do I need a TA background to take this?
No, but it helps. If you've never read a chart before, the free TA 101 course is a good companion piece. That said, Options 101 is built around volatility and probability — concepts that don't require any TA knowledge to understand.
Why is this volatility-focused instead of strategy-focused?
Because that's how professionals actually trade options. Most retail courses teach you 17 strategies and assume you'll figure out which one to use. The pros pick the strategy after they read the volatility regime — not before. This course teaches the order of operations the right way around.
How long does it take to complete?
Most students finish Options 101 in 1–2 weeks at a sustainable pace. There's no time limit — go as fast or as slow as you need. Lifetime access means you can come back to lessons anytime, and most students do.
What's the difference between this and the Trading Bible?
Options 101 is the foundation — 11 lessons covering the core concepts. The Trading Bible is the complete options education plus everything else — 30+ strategies, market-maker insights, multi-leg structures, plus quant methods, advanced TA, and trader psychology. Most students take Options 101 first, then upgrade to the Bible once they're committed to going deeper.
Will this make me a profitable options trader?
No course can promise that. What Options 101 will do is give you the foundation that every professional has — volatility-first thinking, probability-based decision making, and defined-risk structure. Whether you become profitable depends on your discipline, your reps, and your risk management. The course removes the structural problem. The work is still yours.