Skavinski Academy
From options fundamentals to quantitative methods. 68 modules across 7 clusters, integrated with Skavinski's real-time market structure tools.
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Learning Paths iStructured sequences organized by experience level. Each path recommends a weekly pace and module order, from 6-week beginner to 16-week quant track.
Choose your starting point based on your experience level
6 weeks
Beginner
New to options. Learn what they are, how they work, and your first strategies.
10 weeks
Intermediate
Traded options casually. Deepen your understanding of Greeks, pricing, and more strategies.
14 weeks
Advanced
Active trader. Master risk management, portfolio Greeks, volatility, and market structure.
16 weeks
Quant
Mathematical rigor. Stochastic calculus, model building, Python implementation.
Curriculum iFull course content in 7 thematic clusters (A-G) with progressive difficulty. Gold progress bars track modules viewed, quiz bars track quizzes passed.
7 clusters, 68 modules, 370+ learning objectives
Options Foundations
9 modules
What options are, how they work, and the mechanics of trading them. The essential building blocks for everything that follows.
The Greeks Deep Dive
16 modules
How option prices change with underlying price, time, volatility, and interest rates. From intuitive understanding to mathematical rigor.
Options Pricing Models
7 modules
From intuitive no-arbitrage arguments through Black-Scholes to numerical methods. How options get their prices and why models matter.
Volatility
11 modules
The most important concept in options. From basic implied vol through the volatility surface to stochastic and local volatility models.
Trading Strategies
14 modules
From covered calls to volatility arbitrage. Every strategy is both a directional view and a volatility view combined.
Risk Management
10 modules
Position sizing, portfolio Greeks, scenario analysis, tail risk, and execution. The discipline that separates survival from blowup.
Advanced and Quant Topics
8 modules
Exotic options, stochastic volatility, market microstructure, systematic strategy design, and machine learning. The quantitative frontier.
Skavinski Tool Guides iPractical guides for interpreting Skavinski platform tools. Each guide covers what the tool measures, how to read it, common patterns, and misconceptions.
Learn how to read and interpret each platform tool
GEX (Gamma Exposure) Heatmap
GEX quantifies aggregate dealer gamma positioning across strikes and expirations. For each option contract, GEX = Open I...
VEX (Vanna Exposure) Heatmap
VEX quantifies aggregate dealer vanna positioning across strikes and expirations. Vanna (dDelta/dIV) is a second-order G...
Charm (Delta Decay) Heatmap
Charm measures the rate of change of delta with respect to time (dDelta/dTime). It quantifies how much an option's delta...
Whale Alerts
Whale Alerts detects unusually large institutional option and equity flow through three modes: Block Trades (single trad...
Trade Bias Signals
Trade Bias synthesizes GEX levels, whale targets, and expected move data to identify optimal credit spread direction and...
Expected Move Calculator
The Expected Move estimates the anticipated range of SPX movement for the current session using a weighted straddle/stra...
Worked Examples iStep-by-step walkthroughs of real market scenarios. Each example includes a scenario setup, numbered analysis, common mistakes, and key insights.
Step-by-step walkthroughs using real market scenarios
Reading a GEX Heatmap to Identify Key Levels
SPX at 5,935. Identify the gamma regime, calculate HVL via linear interpolation, assess spot vs HVL,...
Interpreting a Whale Alert in Context
$12.3M block BUY on 1,500 SPX 5,900 puts (0DTE). Lee-Ready classification, intent assessment, 1-minu...
Using Expected Move for Iron Condor Sizing
EM = 16.85pts. Full IC conditions check, guard distance calculation (EM x 0.6), short strike placeme...
Analyzing Charm Decay Approaching Expiration
2:30 PM, 90 minutes to close. Charm values per strike, hedging flow translation, net flow direction,...
VEX (Vanna Exposure) Around FOMC
S-curve VEX profile into FOMC. Reading the sign flip across ATM, computing dealer hedging flow from ...
Trade Bias Signal Interpretation
Put credit STRONG, 5,870/5,860 at $0.85. Bias direction and strength analysis, strike selection mech...
Portfolio Greeks Management
Iron condor position (4 legs, 5 contracts each). Portfolio delta (+35), gamma (-3.0), theta (+$7.25/...
Volatility Surface Analysis
Full IV surface (5 moneyness levels x 4 expirations). Skew reading, term structure analysis, smile i...
Delta Hedging with Real-Time Greeks
Market maker long 100 SPX 5,950 calls (0DTE). Initial hedge, gamma-driven rebalancing on spot moves,...
0DTE Options Risk Assessment
2:45 PM, considering 5,900/5,890 put credit at $0.65, MODERATE strength, 12min regime stability. Tim...
Double Diagonal on SPX Under Contango
SPX at 5,950 with 14-DTE front and 45-DTE back in contango. Full 4-leg construction, greeks by leg, ...
Skavinski Academy provides educational content only. Nothing on this site constitutes financial advice, investment recommendations, or solicitation to buy or sell securities. Options trading involves substantial risk of loss. Past performance does not predict future results.
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