# Mission: Options trading on NSE with my own money

## Why
I want to place real options trades on NSE (index and stock options) with my own money, small size, and never hold a position I cannot explain. Right now I get the direction of a long call but had short calls backwards, and the idea of "unlimited loss" did not feel real. The goal is to trade with defined risk and know, before entry, exactly what I want the price to do and what the worst day looks like.

## Success looks like
- For any position (single leg or spread) I can say in one sentence what I want the price to do, what each passing day does to me, and my worst-case loss in rupees.
- I can read an option chain on my broker (Dhan) and pick a strike and expiry with a reason.
- I place my first trades as defined-risk spreads, sized so the max loss is under 2% of trading capital.
- I keep a trade log with the thesis written before entry and a review after exit.
- I can explain put-call parity, theta and the four bricks to a friend without notes.

## Constraints
- Capital is small (assume under ₹50,000 to start; confirm). Lot sizes on NSE make single-lot stock options expensive, so index options or spreads are the realistic first trades.
- Learner wants to *feel* concepts through concrete rupee examples (Reliance, NIFTY), not abstract payoff charts. Tables of numbers at 5 prices work well.
- Short sessions. Each lesson should be finishable in 15 minutes.
- Indian market context: NSE, lot sizes, weekly index expiries, physical settlement on stock options, SPAN margin.

## Out of scope
- Naked short options (short call, short put without a hedge) as live trades, until the learner can explain margin calls and has sized a spread correctly.
- Futures, algo trading, US options mechanics (except where the same concept applies).
- Technical analysis and "signals". This workspace is about understanding positions, not predicting direction.