01
Options, from zero
The vocabulary you need before anything else — what an option is and how it's priced.
- 1What Is SPY?The one instrument NoVo trades — and why focus wins.
- 2Calls vs. PutsThe two building blocks of every options trade.
- 3ITM, ATM & OTMMoneyness — and why the strike you pick matters.
- 4Reading an Options ChainDecode the grid of strikes, bids and expirations.
- 5Intrinsic vs. Extrinsic ValueWhat you're actually paying for in a premium.
- 6Expiration, ExplainedWhat happens at expiry — and assignment.
- 7Weekly OptionsShorter-dated contracts and why they exploded.
02
The Greeks, in plain English
The four forces that move an option's price — direction, decay, and volatility — no math required.
- 1The Greeks OverviewDelta, gamma, theta, vega — what each one costs you.
- 2DeltaDirection — and your effective share count.
- 3GammaHow delta itself changes as price moves.
- 4Theta DecayThe clock working against every long option.
- 5VegaYour exposure to volatility itself.
- 6Implied Volatility & IV CrushWhy the same option is "cheap" or "expensive."
- 7The VIXThe market's fear gauge, and what it signals.
03
0DTE & 1DTE — NoVo's world
Short-dated options are where NoVo lives. The honest version of how they work and where they bite. — the complete 0DTE guide →
- 1What Is 0DTE?Same-day options, explained simply — and honestly.
- 2Why Gamma Matters for 0DTEThe force that makes same-day options so sharp.
- 30DTE vs. 1DTEOne extra day changes the whole risk picture.
- 4Why 0DTE Fills Are HardSpreads, speed, and slippage on the fast tape.
- 5Slippage on Short-Dated OptionsThe hidden cost between your click and your fill.
- 6The Best Time of Day to TradeWhy the open and close behave nothing alike.
04
Risk first — survive before you thrive
The part that actually keeps you in the game. Learn this before you ever go live.
- 1Risk/RewardThe ratio behind every trade worth taking.
- 2Position SizingThe single biggest lever on whether you survive.
- 3Stop LossesDeciding where you're wrong — before you enter.
- 4R-MultiplesMeasure trades in risk, not dollars.
- 5Risk of RuinThe math of how accounts actually blow up.
- 6Paper Trading FirstProve the process before real money is on it.
05
Reading the market
The structure underneath the price — the levels and players that decide where SPY goes.
- 1What Moves SPYThe forces behind the index's every tick.
- 2VWAPThe line institutions trade around all day.
- 3Support & ResistanceThe levels where moves stall, break, or reverse.
- 4The Opening RangeWhy the first 30 minutes frame the whole day.
- 5What Market Makers DoYour counterparty on almost every trade.
- 6How Dealer Hedging Moves PriceThe quiet force behind intraday drift and pins.
06
Psychology & discipline
The real edge isn't a setup — it's the discipline to follow one. Where most new traders lose.
- 1Trading Psychology BasicsThe mental game that decides most outcomes.
- 2FOMO & Revenge TradingThe two impulses that wreck good accounts.
- 3How to Take a LossThe skill that separates traders who last.
- 4Process Over OutcomeWhy a good trade can lose and a bad one can win.
- 5The Discipline of Sitting OutNo trade is a position. Patience is an edge.
07
Reading dealer positioning
The desk-level read — net gamma, the flip, and the walls that decide whether a day grinds or runs. This is NoVo's edge, in plain English.
- 1What Is Gamma Exposure (GEX)?How dealer hedging pushes price — the whole idea.
- 2Positive vs Negative GammaThe two regimes: dealers calm the tape, or amplify it.
- 3The Gamma FlipThe price where the market's behavior inverts.
- 4Gamma WallsThe strikes that pin, cap, and support price.
- 5Trading Around the WallsHow price behaves at a wall — and when it holds vs breaks.
- 6Gravity: The Magnet LevelThe |gamma|-weighted center price drifts back toward.
- 7Volatility SkewThe fear premium — why puts cost more than calls.
- 8The Expected MoveThe ±1σ range the options market is pricing today.
- 9How to Read Dealer PositioningThe three-reading framework, without guessing.
- 10A Full Dealer-Positioning ReadStack all the layers into one read of the day — the map NoVo Analyst runs live.
- 11Scalp SPY Options Off the LevelsPut the whole map to work: turn each level into an entry, target, and stop.