The problem

Most strategy pickers sort by direction alone.

That files Buy Call next to Sell Put. Same outlook, opposite volatility, opposite theta, and a very different worst case.

Same outlook, opposite trade

A long call and a short put are both bullish. One pays theta and caps its loss at the premium; the other collects theta and its loss keeps running.

Names that mislead

Some strategies are classified opposite to what they are called. A Bull Put Ladder is bearish; a Bear Call Ladder is bullish.

Risk hides in income trades

Income strategies feel safe because they win often. The ones that pair uncapped risk with capped reward are the ones to size smallest.

Strategy finder

Every strategy, classified and priced.

Filter by what you expect, what kind of market it is and how much experience you have, then open the strategy for its shape, a live worked example and the rules to run it.

01 · Strategy finder

Filter by outlook, market and experience.

Seventy-one strategies across seven families, filed on three axes at once, so the list shows what fits the market in front of you.

Families: Basic, Income, Vertical, Volatile, Sideways, Leveraged, Synthetic
Outlook, type of market and experience, in any combination
Search by name, family or what the strategy does

learn.fnotrader.com · Strategy finder⤢ full screen

Filter by outlook, market and experience.

02 · Payoff curves

Every card draws its own P&L at expiry.

The curve is computed from the strategy's actual legs. Green is profit, red is loss, and the dashed lines are the strikes.

A flat green shelf means capped reward; a rising line means uncapped
Uncapped-risk strategies carry a red tag
Legs listed buy and sell, strike by strike

learn.fnotrader.com · Payoff curves⤢ full screen

03 · Live worked example

Priced on the live NIFTY chain.

Each strategy is worked through with real strikes, premiums and the current lot size, so the numbers match what you would see on the chain.

Net credit or debit, max profit and max loss in points and rupees
Break-evens at expiry
The stop, the profit exit and the repair if it moves against you

learn.fnotrader.com · Live worked example⤢ full screen

04 · Deploy, stop, adjust, exit

Rules decided before the trade, not during it.

Every strategy carries the conditions to deploy it, where it is wrong, how to adjust and when to book.

Conditions to deploy, including days to expiry and volatility
Stop: where the trade is wrong
Adjustment and profit exit spelled out

learn.fnotrader.com · Deploy, stop, adjust, exit

Trade RulesPlaybook

Deploy conditionsfired

Stop / invalidationfired

Adjustmentarmed

Profit exitfired

05 · Strategy scanner

The best structures right now, rescanned every 5 minutes.

The scanner reads the NIFTY and SENSEX chains live and ranks the structures that fit the current regime, with the full case for each.

Market state, best scan results and key levels for each index
Click any result for why, execution, stop, adjustment and exit
What not to do today, each ruled out by a number from today's data

learn.fnotrader.com · Strategy scanner⤢ full screen

The best structures right now, rescanned every 5 minutes.

06 · Six ways to classify

Know what a trade is for, and how badly it can hurt.

Beyond the three filters, every strategy is classified as income or capital gain and by its maximum risk and reward.

Income strategies want stillness; capital-gain strategies want movement
Uncapped risk with capped reward is flagged as the worst shape
Names that mislead are filed by what the trade really does

learn.fnotrader.com · Six ways to classify⤢ full screen

Know what a trade is for, and how badly it can hurt.

07 · Stock F&O scan

Ranked across every liquid F&O underlying.

The regime picks the side, rich IV sells premium and cheap IV buys it, and where price sits in its 20-day range picks the direction.

Spot, range position, IV minus realised vol and reward to risk
Max profit, max loss, margin and return on margin
Open interest and strikes, with a note on physical settlement for stock options

learn.fnotrader.com · Stock F&O scan⤢ full screen

Ranked across every liquid F&O underlying.

08 · Where the market is trapped

Open interest by strike, calls left and puts right.

The front-expiry OI map shows where participants are positioned, and the key levels the scan read off the chain.

Call and put OI by strike, in millions of units
Key levels from the index's own chain
Three findings from the last twenty sessions

learn.fnotrader.com · Where the market is trapped⤢ full screen

Open interest by strike, calls left and puts right.

A full options reference, not a blog post.

Everything on learn.fnotrader.com, grouped the way you use it.

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71 StrategiesEvery strategy with its own page.

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Strategy FinderOutlook × market × experience filters.

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Payoff CurvesP&L at expiry from the actual legs.

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Worked ExamplesPriced on the live NIFTY chain.

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Trade RulesDeploy, stop, adjust and exit.

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Six ClassificationsIncluding income vs gain and risk.

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5-Minute RescanNIFTY, SENSEX and stocks.

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Best Scan ResultsRanked by confidence, with the full case.

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OI Trap MapFront-expiry OI by strike.

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Key LevelsRead off the index's own chain.

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What Not To DoTrades ruled out by today's numbers.

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Stock F&O ScanEvery liquid underlying, with margin.

Every feature, from the help guide

Each card below is a documented capability of the app, with the screen it lives on.

Everything in Options School · 12 features

71 Options Strategies

Every strategy on the finder, filterable by outlook, type of market and experience, across seven families.

Real Payoff Diagrams

Every strategy draws its own profit-and-loss curve at expiry from its actual option legs.

Live NIFTY Worked Examples

Each strategy is priced on the live chain — real strikes, premiums, lot size, breakeven.

Deploy, Stop, Adjust, Exit

Every strategy carries explicit rules for when to enter, where to stop, and when to book.

Live Strategy Scanner

Rescans NIFTY, SENSEX and stocks every 5 minutes and ranks the best structures right now.

Free, No Login Required

The whole school — strategies, finder and scanner — is free and ungated, no login required.

Six Ways to Classify

Every strategy is filed by outlook, type of market, experience, income or capital gain, max risk and max reward.

Names That Mislead

Six strategies are classified opposite to what their names suggest, and the finder files them by what they really do.

The Worst Shape, Flagged

Strategies that pair uncapped risk with capped reward are marked, so you size them smallest and gate them hardest.

What Not To Do, Today

The scanner rules trades out using a specific number from today's chain, not general caution.

Stock F&O Scan

Top structures ranked across every liquid F&O underlying — IV rich sells premium, IV cheap buys it — with margin and return on margin.

Where the Market Is Trapped

Front-expiry open interest by strike, calls left and puts right, with the key levels the scan read off the chain.

Pricing

Free. Always.

Options School needs no account and no plan. When you want the live analytics behind it, every FNOTrader app starts with a 7-day trial. Prices exclude 18% GST.

What each plan includes

Options SchoolFree · no login

71 strategies with payoff curves
Live worked examples and trade rules
Strategy scanner every 5 minutes

With a free FNOTrader accountFree

Volatility Analytics
Calculators
A 7-day trial of every paid app

Options Analytics Next step

Live chain, OI and straddles
Strategy builder with Greeks and margin
Alerts and GEX

Options School is free and ungated. Paid prices exclude 18% GST. See all plans →

7-day trial of every appNo card to startCancel anytimeGST invoice on every payment

Compare every plan on the full pricing page →

Questions

Everything else you might ask.

Is Options School really free?

Yes. Every strategy page, the finder and the scanner are free, with no account and no login.

Where do the worked-example prices come from?

From the live NIFTY option chain at the time the example was priced, with real strikes, premiums and the current lot size. Premiums move; the structure does not.

How often does the scanner update?

It rescans NIFTY, SENSEX and liquid F&O stocks every 5 minutes during market hours and ranks the structures that fit the current regime.

Is this investment advice?

No. Options School is an educational and analytical tool. Nothing on it is a recommendation to buy or sell any security.

How are strategies classified?

Six ways: market outlook, type of market, experience level, income or capital gain, maximum risk and maximum reward. The first three are the finder's filters.

Can I trade a strategy from here?

Options School teaches and ranks. To build, price and place a strategy with your broker, use Options Analytics and QuikTrade Terminal.

All FNOTrader questions →

Pick the strategy the market is asking for.

Integrates with all leading brokers (100+)