Uncle Wall Street

7-Day Options Crash Course

A structured week for traders who are new to options.

Before you start

Work through this in order. Each day assumes the one before it. The aim is not to make you fast — it is to make sure you understand what you are buying before any real money is involved.

Stay on a paper or demo account for the whole course, and keep using one until trading the setups feels routine. There is no prize for switching to live capital early. Options trading carries substantial risk of loss, and most of that risk is avoidable by not being in a hurry.

When you have finished, read the Signal Tutorial — it explains how to read a morning alert field by field.

Day 1 — Options fundamentals

What an option is, how it is priced, and how to read a chain.

  • Introduction to options
  • Reading an option chain
  • Understanding option prices

Day 2 — Charting and strategy basics

Reading a chart, marking the levels that matter, and two entry patterns.

  • Basics of charting
  • Drawing supply and demand zones
  • A simple, effective price-action strategy
  • Opening range breakout (ORB)

Day 3 — Tools and terminology

Intraday tools and the vocabulary the rest of the course assumes.

  • VWAP bounce strategy
  • Level 2 and time & sales

Day 4 — Analysis and risk management

How much to risk, and what actually moves an option's price.

  • Technical analysis for beginners
  • Risk management: how much to trade

Read: Choosing a broker

Day 5 — Placing trades on your platform

The mechanics of actually entering an options order.

  • Trading options on thinkorswim
  • Active Trader for beginners
  • Trading options on Robinhood
  • Trading options on Webull

Day 6 — Stops and chart setup

Getting a stop in place before you need it.

  • Placing a stop loss on thinkorswim
  • Placing a stop loss on Robinhood
  • Placing a stop loss on Webull
  • Setting up charts on TradingView

Day 7 — Psychology and discipline

The part that decides whether the other six days matter.

  • Three common trading mistakes
  • Sticking to your trading rules
  • Six qualities of elite traders
  • 20 habits of profitable traders
  • How to handle FOMO

Risk disclosure

This course is educational material, not financial, investment, or tax advice, and nothing in it is a recommendation to buy or sell any security. Options trading involves substantial risk of loss and is not suitable for every investor. External videos are third-party material provided for convenience; we do not control their content. You are solely responsible for your own trading decisions. See our Terms for the full disclosure.

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