Options flow course

Learn to read institutional options flow.

10 interactive sections covering the four-bucket directional model, confidence filters, structure detection, gamma exposure and signal synthesis. Built by a former BlackRock capital flows analyst. Free.

Mastery-gated progression with quizzes after each section. Pass at 80% before the next section opens.

01 · Curriculum

Ten sections, in order.

  1. 01

    Why flow matters

    What options flow is, and why you should care.

  2. 02

    What you are looking at

    Volume, open interest, classified flow, stickiness.

  3. 03

    The four-bucket model

    Classifying flow into call buy, call sell, put buy, put sell.

  4. 04

    Filters

    Classified %, stickiness filters, and knowing when not to trade.

  5. 05

    Structures

    Vertical spreads, risk reversals, straddles: multi-leg positions and sector patterns.

  6. 06

    Order context

    Moneyness, DTE buckets, sweeps vs. blocks, and order context.

  7. 07

    Gamma regimes

    How market structure amplifies or dampens moves: positive vs. negative gamma regimes.

  8. 08

    Synthesis

    Putting it all together: combining flow, GEX and context into actionable reads.

  9. 09

    Common errors

    The 9 most common errors new flow readers make, and how to avoid them.

  10. 10

    Final exam

    12-question assessment covering all sections. Score 80%+ to earn certification.

02 · How you learn

Not just reading.

Practice with real trade data and get instant feedback.

Section quizzes

Each section ends with a quiz. Score 80% to open the next. Miss questions, and the review mode highlights exactly what to revisit.

8 real trades

Read the ask %, identify the option type and classify each into the correct bucket: call buy, call sell, put buy or put sell.

3 real scenarios

SOFI, SPY and COIN, with a 6-step guided analysis. Walk through each trade’s data and build a thesis step by step.

1,000-point score

Score out of 1,000 points. Mastery-gated progression with local persistence, so you pick up exactly where you left off.

48-term glossary

Searchable reference covering Greeks, flow concepts, time mechanics, structures, market structure and order types.

Final exam

12 questions across all sections. 80% or better earns the certificate.

03 · The method, measured

The framework is scored in public.

6,904Contracts tracked
13Detection modules
62%Realizable win rate

Live flow-signal results scored at expiry, from actual alerted fills · n = 6,904 contracts through 2026-08-13 · not the SPX desk’s trade log · Past performance ≠ future results

Rule-by-rule scoreboard, DTE breakdowns, sector analysis and the simulator

One thing the curriculum makes clear: reading flow and filtering flow are different skills. The raw tape fires hundreds of alerts a day, and most of them are hedges, rolls and housekeeping. The desk’s full manual recipe — premium floors, volume against open interest, aggressor reads, the hedge check — is written up in how to filter options flow and taught in the course. And when you would rather not run that recipe by hand, Nightglass is the terminal the desk built to run it automatically.

Free, start to finish

The full interactive course.

10 sections with mastery-gated progression, quizzes, hands-on exercises, a 48-term glossary and a 12-question final exam. The academy teaches the framework; Alpha Pod applies it live, with real-time alerts, daily flow analysis and a community of serious traders.

Launch the Academy

Start with the trial

Read a week of desk notes before you decide.

Seven days of alerts, theses, morning notes and commentary. If it is not how you want to trade, cancel in Whop and pay nothing.

$0 today. $129/month after 7 days. Cancel in Whop before renewal.