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Options Masterclass

By
Usman Ashraf

Usman Ashraf, options trader with 11 years of experience, 7-figure trader, and founder of Option Hub, breaks down options from the ground up across six lessons on the Greeks, implied volatility, 0DTE, and position sizing.

6

Lessons · 

2.8 hr

Watch For Free
OVERVIEW

What You’ll Learn in Usman Ashraf’s Options Masterclass

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This free masterclass is Usman Ashraf’s complete options trading framework for beginners with zero prior knowledge required. Usman starts with what options actually are using his coupon analogy (you buy the right, not the obligation, to purchase shares at a set price before expiration), then walks through calls, puts, strike prices, and expiration dates with real dollar examples on Apple and Tesla. From there he builds into the mechanics that separate profitable traders from everyone else: how to read an options chain, how to time entries around market hours and assignment risk, why liquidity (volume, open interest, bid-ask spreads) determines your strike selection, and how the four Greeks (Delta, Gamma, Theta, Vega) move your premiums for and against you every single day.

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Usman then teaches implied volatility and why IV crush can wipe out a correct directional bet after earnings, why 0DTE (which grew from 5% of SPX volume in 2016 to over 50% by 2024) demands a completely different approach to sizing and strategy, and his position-sizing framework for small accounts. On a $3,000 account, he splits capital into 5-6 portions of $500-$700, caps max loss at 10% per trade (so $50 risk on a $500 position), and sizes by dollar value, not contract count, because one Apple contract at $1 premium is a completely different trade from one Tesla contract at $5 premium. The masterclass closes with a practical risk management framework, a live Tesla trade breakdown, and a step-by-step progression plan from paper trading to a funded account over 7-12 months.

CURRICULUM

What’s Inside the 

Options Masterclass

All Lessons

00

Introduction

2:23
01

Core Options Fundamentals

50:00
02

Market Hours, Timing, and Assignment Risk

10:00
03

Market Mechanics, Liquidity, and Options Lingo

33:00
04

The Greeks and Implied Volatility

42:00
05

0DTE: Same-Day Expirations

13:00
06

Risk Management and Strategy Selection

21:00

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About the Instructor,

Usman Ashraf

Usman Ashraf is a full-time options trader, educator, and the founder of Option Hub. He has 11 years in the markets and a seven-figure track record, has been trading since 2015, and day trades options on big names like the S&P 500 (SPX, his favorite), Nvidia, and Microsoft. His real strength is not a secret indicator. It is understanding how options actually work (implied volatility, the Greeks, strike selection, and timing) together with careful position sizing and discipline. He has taught more than 800 traders through in-person classes in New York, Miami, and Dubai.

Usman did not plan to become a trader. He was studying medicine in China when he came home one summer and saw his younger brother, Umar Ashraf, trading successfully, which pulled him in. He left med school, started trading in 2015, lost $60,000 in his first year, used credit cards to fund his account, and drove Uber in New York City to keep going. His turning point came from an Uber ride where a Wall Street trader told him to go study implied volatility. After about two years of losses he became consistent. He trades smaller after big wins because overconfidence is the real risk, and stops trading after two losing trades in a row.

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Frequently Asked Questions

What is the Options Masterclass about?

A free 6-lesson series with Usman Ashraf covering options trading from the ground up for complete beginners. It covers calls and puts, how to read an options chain, market hours and assignment risk, liquidity, the four Greeks, implied volatility and IV crush, 0DTE trading, and position-sizing-first risk management, with a live Tesla breakdown and a step-by-step paper-to-live progression plan.

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Who is Usman Ashraf?

Usman Ashraf is a full-time options trader with 11 years in the markets and the founder of Option Hub. He day trades options on big stocks and indexes like the S&P 500, Nvidia, and Microsoft, has a seven-figure track record, and has taught more than 800 traders through in-person classes in New York, Miami, and Dubai.

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What is options trading?

Options trading involves buying and selling contracts linked to an underlying asset. The buyer receives the right to buy or sell that asset at a set strike price, while the seller may take on an obligation if the option is exercised. The payoff and risk depend on the contract and strategy.

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What are the Greeks?

The Greeks are the four variables that move your options premium: Delta (how much premium moves per $1 move in the underlying), Gamma (how fast Delta changes), Theta (how much premium decays per day), and Vega (how much premium moves with changes in implied volatility). Usman teaches each one with real dollar examples so you can predict premium behavior before you enter a trade.

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What is 0DTE and why is it different?

0DTE (zero days to expiration) refers to options contracts expiring on the same trading day. 0DTE volume grew from 5% of SPX volume in 2016 to over 50% by 2024 because of the explosive returns. The flip side: higher gamma, more aggressive theta decay, more aggressive IV crush, and far greater risk, which is why 0DTE demands completely different position sizing than longer-dated options.

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Is the Options Masterclass free?

Yes. All 6 lessons are free to watch on Chart Academy.

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What is Chart Academy?

Chart Academy is a free, all-in-one trading education platform designed to help traders learn real, practical skills from world-class traders. It offers in-depth masterclasses taught by real traders across stocks, options, futures, forex, crypto, and trading psychology.

In addition to educational content, Chart Academy includes Personalised learning paths, downloadable resources, and access to exclusive tools and rewards—all in one place. There are no subscriptions, no paywalls, and no credit card required. The goal is to make high-quality trading education accessible, practical, and easy to follow for traders of all levels.

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