The course covers more than 24 option and futures strategies, grouped by market view: bullish, bearish, sideways and volatile. Each strategy is taught with its payoff, risk and the conditions where it fits.
Typical groups covered in a course like this include:
- Directional: long call, long put, bull call spread, bear put spread.
- Neutral or range-bound: short straddle, short strangle, iron condor, butterfly.
- Volatility-based: long straddle and long strangle for big expected moves.
- Hedging: protective put, covered call and collars for existing holdings.
- Futures-based: hedging a portfolio with index futures and basic spread ideas.
The trainer shares the exact list and sequence in class. What matters more than the count is knowing when not to use a strategy. A short strangle on Nifty might collect ₹6,000 of premium on a hypothetical position, but one sharp move can wipe out months of such gains.
Rule changes also affect strategies. From February 2025, calendar-spread margin benefit is removed on expiry day, and from April 2026 STT on option sales is 0.15%. As of October 2026, check the latest NSE/SEBI circulars for lot sizes and margins.
The Option & Future Certification course page has the syllabus, duration and upcoming batches.