1
Part I. Foundations
What options are, what their price is made of, the language of the greeks, and the market maker obliged to hedge every trade.
Learning path
Options: From the Basics to the Minute-Level Feed
How the options market works, why it moves the S&P 500 futures, and what the ATAS options indicators show - from classic levels to heatmaps of dealer exposure built on minute-level positioning data. A course for the team: no trading experience required, from the very basics.
Start Learning Modules
Each program combines structured lessons, platform workflows, and measurable progress.
2
Part II. The Classic Data
Levels built from daily open interest - walls, max pain, the GEX profile - and the OptionsSuite pack on CME futures.
3
Part III. The Turning Point: 0DTE
How same-day options grew to half of SPX volume and why daily open interest stopped keeping up with the market.
4
Part IV. The Minute-Level Feed
A new generation of data and the indicators built on it: from cohort-level flow with names attached to surfaces of dealer exposure.
5
Part V. Boundaries and Takeaways
Where all this works, where it doesn't and why; the key takeaways of the course on one page and a glossary.
Apply Your Knowledge in ATAS
Ready to move from theory to practice? Start your free trial and use ATAS tools to analyze real market data.
Start Free Trial