The Options Book: What the $2,000 courses don’t teach you.

Fifteen modules, from how the stock market works to the Greeks, strategies, and risk management.

The Options Book by Fidel M.H., front and back cover

“I wrote this book because I got tired.”

Tired of paying large sums of money for courses that sell motivation and fragments of information, leaving you with more doubts than answers. Tired of systems that “worked in the past market.”

This book is honest because it is my own research, not a magic formula. It is my search to understand not just how to trade, but why the market works the way it does.

  • It doesn’t ask for blind trust

    It asks you to read with a pencil in hand and to doubt every claim until you understand it for yourself.

  • It goes in order

    Each module builds on the last. Without the fundamentals, strategies are just bets with a fancy name.

  • It stops you before you risk

    Don’t invest real money until you have completed Blocks I and II and practiced paper trading for 30 days.

Three blocks. Fifteen modules. One order.

From what a stock is to how to build an Iron Condor, without skipping steps.

Block I Market fundamentals Modules 1-3
  1. The New York Stock Exchange

    What it is, how it works, participants, orders, and indices.

  2. What Are Financial Options?

    Concept, essential vocabulary, buyers vs. sellers.

  3. Anatomy of an Option: Calls, Puts, and the Chain

    ITM/ATM/OTM, intrinsic and time value.

Block II Reading the market Modules 4-9
  1. Japanese Candlesticks: History, Anatomy, and Psychology

    Origin, the four prices, body and wicks.

  2. Japanese Candlesticks: Single-Candle Patterns

    Marubozu, Doji, Hammer, Shooting Star, and variants.

  3. Japanese Candlesticks: Two- and Three-Candle Patterns

    Engulfing, Harami, Morning Star, and more.

  4. Japanese Candlesticks: Continuation, Context, and Application to Options

    Confluence, support and resistance.

  5. Technical Analysis: Trends, Moving Averages, RSI, and MACD

    Price structure and core indicators.

  6. Technical Analysis: Bollinger Bands, Volume, IV Rank, ATR

    And a 5-layer entry and exit system.

Block III Real-world trading Modules 10-15
  1. The Greeks: The DNA of Options

    Delta, Gamma, Theta, Vega, Rho, and implied volatility.

  2. Basic and Intermediate Strategies

    Long Call/Put, Covered Call, Cash-Secured Put, and Spreads.

  3. Advanced Strategies

    Iron Condor, Butterfly, Straddle, Strangle, Ratio Spreads, and LEAPS.

  4. Risk Management and Position Sizing

    Stops, adjustments, rolling, and metrics.

  5. Platforms, Brokers, Accounts, and Trading Plan

    Mindset and trading journal.

  6. Taxes, Legal Aspects, and Complete Glossary

    U.S. taxes, non-residents, and important documents.

Diagrams from the book, exactly as they appear.

Every concept has its chart. Swipe to see a few.

Checklist before trading a pattern.

This is the complete list from Module 7.12. Check it with your next trade in mind.

“If you can’t check at least 5 of these 8 boxes, the signal isn’t solid enough to trade.”

The book also links to an interactive digital version: 9 categories of analysis, red flags that override the entry, and a verdict that recalculates live.

Before entering 0/8

Check the boxes that apply.

Five rules the book doesn’t negotiate.

The golden ruleModule 13
Never risk more than 2-5% of your total trading capital on a single trade.
The cardinal ruleModule 9
Buy options when IV Rank is below 30. Sell them when it’s above 50. Ignoring this rule is the most expensive mistake.
Four of five layersModule 9
Macro trend, intermediate trend, momentum, key price level, and options context. With 3 or fewer aligned, move on to the next asset.
Theta doesn’t forgiveModule 10
If you buy an option and the price doesn’t move, you’ll still lose money every day. This is the most common beginner mistake.
The thesis rulesModule 9
The stop triggers when the thesis is invalidated. No negotiating. The thesis, not the P&L, dictates the exit.

A path, not a shortcut.

The learning path recommended in Module 14.8.

  1. Months 1-2

    Study the fundamentals. Paper trading only. Don’t touch real money.

  2. Months 3-4

    Open a real account with small capital ($1,000-$2,000). Long Calls and Long Puts only.

  3. Months 5-6

    Introduce spreads. Keep size small.

  4. Months 7-12

    Add neutral strategies like the Iron Condor. Evaluate real results.

  5. Year 2+

    Increase capital and complexity based on your demonstrated track record.

“Consistency in the process is worth more than any single winning trade. One great month doesn’t make anyone an expert.”

Fidel M.H., author of The Options Book

Fidel M.H.

“This book is honest because it is my own research, not a magic formula. I am still learning. And that ongoing willingness to question myself is exactly what the market demands of those who want to thrive in it.”

This book was developed using artificial intelligence tools for research, organization, and drafting. Editorial judgment, content selection, and pedagogical intent remain the author’s.

The market rewards preparation, patience, and discipline.

Not those looking to get rich quick.

Cover of the English edition
English edition

The Options Book

What the $2,000 Courses Don't Teach You

Paperback · Kindle

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Portada de la edición en español
Edición en español

El Libro de las Opciones

Lo que los cursos de $2,000 no te enseñan

Tapa blanda · Kindle

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Questions before you buy it.

Do I need to know about the stock market to read it?

No. Module 1 starts with why the stock market exists and how the NYSE works. The book asks you to read each module in order, because each one builds on the last.

How much capital do I need to start?

The book recommends practicing with paper trading first. For an individual account with spreads and option buying it suggests $2,000 to $5,000, and for the first step with real money, $1,000 to $2,000 in Long Calls and Long Puts only.

Does it cover brokers and platforms?

Yes. Module 14 compares brokers such as Tastytrade, thinkorswim, Interactive Brokers, Robinhood, and Webull, explains options approval levels, and shows how to build a trading plan and journal.

Is it useful if I live outside the U.S.?

Module 15 has a section for non-U.S.-resident traders: the W-8BEN form and the obligation to report according to the laws of your country. Always with the recommendation to consult an accountant who specializes in international investing.

Is it financial advice?

No. It is exclusively educational material. Any investment in financial options carries significant risk, including the possible total loss of invested capital.

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