ADVANCED
Master options from first principles to on-chain protocols: payoffs, pricing, the Greeks, strategies, and DeFi option vaults.
What options are, how their payoffs work, and the difference between owning and writing them.
What drives an option's price — Black-Scholes intuition, implied volatility, and the risk sensitivities known as the Greeks.
Combining options into income, hedging, and volatility structures — and managing the risk of each.
How options are built in DeFi — order books, AMMs, option vaults, settlement, oracles, and the risks of each design.
