# Learn Options Market Structure in Ten Sessions

Source: https://squawkflow.com/videos/channel-trailer
Retrieved: 2026-10-17T16:08:08.186Z
Uploaded: 2026-10-16
Duration: 1:38
Topic: Start Here
Video file: https://storage.googleapis.com/squawkflow-videos/channel-trailer/channel-trailer-fe150844.mp4
Captions: https://storage.googleapis.com/squawkflow-videos/channel-trailer/captions-b005c3f7.vtt

A free ten-session path through options market structure: one read, one task and one next-day check each. Education, not advice. AI voice.

AI voice: the narration is a synthetic voice reading a script SquawkFlow wrote. Educational only, not investment advice. Nothing here is a forecast or a recommendation to trade.

## Chapters

- 0:00 A path, not a tip sheet (https://squawkflow.com/videos/channel-trailer?t=0)
- 0:19 Sessions one to five (https://squawkflow.com/videos/channel-trailer?t=19)
- 0:48 Sessions six to ten (https://squawkflow.com/videos/channel-trailer?t=48)
- 1:10 How it works, and where to start (https://squawkflow.com/videos/channel-trailer?t=70)

## Related

- Explainer: https://squawkflow.com/learn/start-here

## Transcript

# Learn Options Market Structure in Ten Sessions

Narration: AI voice.

### A path, not a tip sheet

This channel explains options market structure: what open interest is, how dealers hedge, what expiration does, and what any of it can and cannot tell you. The spine of it is a free ten-session path. Each session has a few reads, one task, and one check you can only run the next trading day.

### Sessions one to five

It starts with the chain itself: which column is a position and which is today's noise. Then delta and gamma, the two Greeks that describe hedging. Then who's on the other side, and why, under the usual dealer convention, positive gamma damps moves and negative gamma amplifies them. Then gamma exposure as a map, and walls, with one question you'll ask of every level from then on: how far away was it, and was it ever tested?

### Sessions six to ten

The second half covers the flip and the regime line, expirations and pinning, implied against realized volatility, and what aggregated flow can and can't tell you about direction. The last session is base rates and sample size: comparing what you logged against a coin flip, with the sample size written next to every number.

### How it works, and where to start

No account, no broker, nothing to install. A session is a trading day, because every check needs the next day's data. That's the feature. By the end you'll have a log of your own, and the log is what tells you whether any of this holds up. Nothing on the site places an order or tells you what to trade. Start with session one; the link is in the description. Education, not advice.

Full write-up with sources: [/learn/start-here](/learn/start-here)

Educational content, not investment advice.