Free EUR/USD Options Course
How to read EUR/USD option levels from CME exchange data. Free. The course is complete — all lessons are on this page. See the live data.
Who this course is for
For people following EUR/USD who want to understand options data. No previous options trading experience is required. Start with calls, puts, strikes and open interest, then explore basis, premium and option levels.
What you will learn to distinguish
- Trading volume, outstanding open interest and its daily change.
- An option strike on a futures price scale and a translated spot-price level.
- Observed market data and assumptions about future price direction.
The lessons are free and require no account. Read them in order. Stage 1 lessons are available in Russian.
Stage 0. Why any of this
Stage 1. Reading the Screens
- 1.1Basis: why the strike doesn't match your chart (in Russian)
- 1.1, part 2Premium: where option prices come from (in Russian)
- 1.2, part 1OI change levels: what came into the market over the past day (in Russian)
- 1.2, part 2Standing OI: how to read ITM by contract (in Russian)
- 1.3Chart: levels and price movement (in Russian)
- 1.4The Analysis table: how to read OIC+, ITM, OTM and ALL (in Russian)
- 1.4, part 2How price reacts to large option levels (in Russian)
- 1.5Stage 1 summary: a weekly EUR/USD review (in Russian)
The course runs in order: each lesson builds on the previous one.