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TEACHER KIT

Teachers aur creators ke liye Market X-Ray kit

Is kit se 6 reproducible browser-only examples chalao. Har card objective, shuruaati setup, reset step, demonstration beats aur challenge deta hai.

CLASS KA ORDER

Market X-Ray ko is order mein padhao

Yeh site ka apna guided path hai. Har step pichhle step par banta hai.

  1. Step 1 · Contract basics

    Yeh step answer karta hai: Ek option contract mein kya hota hai?

    Shuru karne se pehle: Koi prerequisite nahi. Yeh starting point hai.

  2. Step 2 · Option Chain

    Yeh step answer karta hai: Mere sawaal ka answer kaunsi row aur columns deti hain?

    Shuru karne se pehle: Yaad rakho ki CALL aur PUT alag contracts hote hain.

    Is lesson ke saath padhao: Moneyness: strike kahan khada hai, bas itna.

  3. Step 3 · Option Premium

    Yeh step answer karta hai: Option value index change se alag kyun badla?

    Shuru karne se pehle: CALL ya PUT chuno aur selected strike pehchano.

    Is lesson ke saath padhao: Option premium kis cheez ka bana hota hai?

  4. Step 4 · Open Interest

    Yeh step answer karta hai: Open interest move hone par asal mein kya badalta hai?

    Shuru karne se pehle: Samjho ki option chain mein alag contract rows hoti hain.

    Is lesson ke saath padhao: Open interest positions ginta hai, volume trades ginta hai.

  5. Step 5 · Execution

    Yeh step answer karta hai: Order LTP se alag price par fill kyun ho sakta hai?

    Shuru karne se pehle: Best bid aur ask ko last traded price se alag rakho.

    Is lesson ke saath padhao: Market order aur limit order: har ek kuch deta hai, kuch nahi.

  6. Step 6 · Expiry aur settlement

    Yeh step answer karta hai: Option expiry par pahunchne par kya bachta hai?

    Shuru karne se pehle: Fill price aur expiry settlement alag values hote hain, yeh samjho.

    Is lesson ke saath padhao: Theta: kuch na hone par bhi kuch ghat raha hota hai.

  7. Step 7 · Strategy behaviour

    Yeh step answer karta hai: Alag option legs expiry se pehle aur expiry par kaise milte hain?

    Shuru karne se pehle: Entry assumption ko current value aur expiry payoff se alag rakho.

    Is lesson ke saath padhao: Futures dono ko baandhta hai. Option baandh todta hai.

  8. Step 8 · Money aur risk recap

    Yeh step answer karta hai: Model value kya hai, contract amount kya hai aur risk boundary kahan hai?

    Shuru karne se pehle: Contract basics se ek contract, ya Strategy banaayein mein save kiye legs lekar aao.

File isi page se aapke browser mein banti hai.

CLASS EXERCISE

Call kyun gira? Ek poori class exercise

Guided experiment ko class ke saath chalao. Learners evidence parkhte hain, ek input badalte hain aur naya case samjhate hain.

Learner link: guided experiment

Yeh link share karo. Yeh phone par bhi chalta hai.

Teacher ke liye notes

  1. Ek run ke liye lagbhag 15 minute rakho.
  2. Inputs dikhane se pehle sabse step 1 ka answer lo.
  3. Step 1 ka supported answer yeh hai ki cause abhi alag nahi kiya ja sakta.
  4. Naye case mein wahi answer galat hai. Wahan har input diya gaya hai.
  5. Naye case ka answer aane tak worked explanation band rakho.
  6. Feedback ke baad sahi answer practice hai. Sirf pehla sahi answer ginta hai.

Alternate case, doosre group ya retest ke liye

Index 50 points gira. Call ₹2.73 badha. Badhne ki wajah kya hai?

Shuru: spot 24,000, 3 din baaki, IV 15%. Ant: spot 23,950, 2.75 din baaki, IV 19%. Strike 24,000. Rate 6%, yield 0%.

Answer dekho

IV badha, aur is model mein usne ₹33.85 joda. Spot ne ₹24.39 ghataya. Time ne ₹6.73 ghataya. IV ka badhna zyada bada asar tha.

Iske numbers usi model se aate hain jo experiment chalata hai.

Har answer sahi ya galat kyun hai

Wajah dekho

Index badha. Call gira. Abhi aapko kya pata hai?

  • Yeh IV crush hi hai. (Supported nahi) Abhi nahi. Yeh sach ho sakta hai, par yeh 2 numbers ise prove nahi karte. Time aur IV abhi chhupe hain, aur ek se zyada input ek saath badal sakta hai.
  • Yeh time decay hi hai. (Supported nahi) Abhi nahi. Yeh sach ho sakta hai, par yeh 2 numbers ise prove nahi karte. Time aur IV abhi chhupe hain, aur ek se zyada input ek saath badal sakta hai.
  • Cause alag karne ke liye information kaafi nahi hai. (Supported) Haan. Sirf direction se pata nahi chalta ki premium kyun gira. Ek saath kai inputs badal sakte hain. Pehle baaki inputs chahiye.

Call phir gira. Kya wajah bhi wahi hai? Is baar har input diya gaya hai. Kaunsi explanation inse match karti hai?

  • IV gira, isliye premium gira. (Supported nahi) Is baar nahi. Is case mein IV badla hi nahi, isliye woh girawat nahi samjha sakta.
  • Time ne jitni value ghataayi, spot move ne usse kam jodi. (Supported) Haan. Spot ne +₹5.16 joda. Time ne −₹13.92 ghataya. IV ne ₹0.00 joda.
  • Expiry ke paas call hamesha value khota hai. (Supported nahi) Poora sahi nahi. Spot kaafi move kare to expiry ke paas bhi call ki value badh sakti hai. Yahan time ka asar chhote spot move se bada tha.
  • Batane ke liye information kaafi nahi hai. (Supported nahi) Is baar batana mumkin hai. Har input diya gaya hai. Spot ne kitna joda aur time ne kitna ghataya, compare karein.

Marking ka suggested guide (provisional)

Kya dekhna haiWeight
Evidence kya dikha sakta hai, yeh chunna30%
Ek input badalna aur baaki fixed rakhna25%
Model value kaise badli, yeh samjhana25%
Naya case samjhana20%

Yeh weights ek shuruaati andaaza hain. Inhe learning ke measure ki tarah test nahi kiya gaya.

Agar koi number galat lage

  1. Use Market X-Ray se milao. Yahan ka har number usi model se aata hai.
  2. Dono alag hon, to Market X-Ray par bharosa karo.
  3. Yahan ka figure source se alag lage, toh source par bharosa kijiye.
Desk par try karo →

LESSON PROMPT

Option Premium: spot, time aur IV ka browser-only model

Learning goal: Spot, time aur IV ke model effect ko ek hi example mein alag samjhana.

Shuruaati setup: Dated teaching reference par NIFTY PUT. PUT-barely-moved example se shuru karo.

Reset: Market X-Ray kholo aur Scenario reset karo use karo.

  1. Question se shuru karo: premium index se alag kyun move hua?
  2. Spot, time aur IV ko ek-ek karke badlo.
  3. Theoretical result ko tradeable quote mat samjho.

Common confusion: Index girte hi PUT ko utna hi badhna zaroori hai.

Challenge: Index move same rakho aur IV change hatao. Explanation ka kaunsa hissa badalta hai?

LESSON PROMPT

Open Interest: creation, transfer aur closure

Learning goal: OI ko outstanding contracts aur volume ko activity ke roop mein alag samjhana.

Shuruaati setup: Fresh four-participant ledger. OI aur volume dono zero se shuru hote hain.

Reset: Market X-Ray kholo aur Scenario reset karo use karo.

  1. Ek naya contract create karke OI ka ek unit badhta dekho.
  2. Long transfer mein volume badhta hai aur OI same reh sakta hai.
  3. OI reading ko next direction ki prediction se alag rakho.

Common confusion: Transfer se doosra open contract banta hai kyunki do log trade karte hain.

Challenge: Dono transfer events apply karo. Kaunsa counter badalta hai aur kaunsa same rehta hai?

LESSON PROMPT

Option Chain: question ke hisaab se columns padho

Learning goal: Question ke hisaab se chain ke columns padna, bina contract recommendation ke.

Shuruaati setup: Rounded teaching reference par NIFTY aur 5 fixed strike rows.

Reset: Market X-Ray kholo aur Scenario reset karo use karo.

  1. Pehle question chuno: premium, liquidity, OI, IV ya moneyness.
  2. Practice spot move karke ATM relation dekho.
  3. Column contract ko describe karta hai, recommend nahi.

Common confusion: Highlighted column learner ke liye contract choose kar deta hai.

Challenge: Spot ko ek grid step move karo. Ab kaunsa listed strike nearest hai?

LESSON PROMPT

Bid/Ask aur Slippage: LTP fill promise kyun nahi hai

Learning goal: Depth, spread aur quantity ki wajah se fill LTP se alag kyun ho sakta hai, yeh dikhana.

Shuruaati setup: 40 units ke liye bid aur ask depth compare karo.

Reset: Market X-Ray kholo aur Scenario reset karo use karo.

  1. LTP ko current bid aur ask se compare karo.
  2. Quantity badha kar fill ko worse levels tak jaate dekho.
  3. Ek premium number order-book depth ko replace nahi karta.

Common confusion: Last traded price next fill price ka promise hai.

Challenge: Best level se zyada quantity run karo. Ledger mein kaunse prices aate hain?

LESSON PROMPT

Expiry: expiry par kya bachta hai

Learning goal: Exact expiry par intrinsic value, entry cost aur P&L ko alag rakhna.

Shuruaati setup: Stated teaching strike par NIFTY CALL aur settlement wahi strike par.

Reset: Market X-Ray kholo aur Scenario reset karo use karo.

  1. Settlement ko strike ke paar move karo aur intrinsic value dekho.
  2. Exact expiry par time value zero hai.
  3. Teaching calendar exchange calendar nahi hai. Unknown coverage par guess nahi hota.

Common confusion: ITM hone ka matlab buyer ko profit hua.

Challenge: Settlement ko strike ke paar move karo. Strike par kaunsi value badalti hai aur entry cost kaunsi nahi?

LESSON PROMPT

Strategy banaayein: option legs expiry se pehle aur baad mein

Learning goal: Har option leg ka contribution aur current value versus expiry P&L compare karna.

Shuruaati setup: Ek teaching-unit multiplier ke saath defined Bull Call Spread.

Reset: Market X-Ray kholo aur Scenario reset karo use karo.

  1. Structure choose karne se pehle har leg padho.
  2. Current model P&L aur expiry P&L compare karo.
  3. Exposure samjho, strategy ranking nahi.

Common confusion: Aaj ka theoretical P&L expiry payoff ke barabar hai.

Challenge: Structure badlo. Kaunsi curve mein time aur IV ab bhi hote hain?

Market X-Ray kholo