This course is designed for the trader who wants to understand options from the ground up — not just how to place a trade, but how options are priced, what makes them move, and how to use them with a framework built around real edge. By the end of this course, you will be able to read any option chain, understand what every number means, evaluate liquidity, interpret the Greeks, and understand the volatility mechanics that determine whether a trade is well-priced or not.

Happy Tuesday, EagleTrade family. Markets were closed yesterday for Presidents’ Day, and we’re walking into a week loaded with catalysts. Let’s get right to it. The Big Picture The S&P 500 is around 6,836 — only about 2% off all-time highs. But last week was rough. The S&P fell 1.39%, the Nasdaq dropped 2.1%, and the VIX spiked nearly 18%. The culprit? A growing fear that the massive AI spending cycle may not deliver the returns investors expected. That anxiety started in software and has now spread into financials, retail, and logistics. Meanwhile, a significant rotation is underway. Energy, Materials, Staples, and Industrials are all up double digits year-to-date while growth and tech names lag. Bearish sentiment on the AAII survey jumped to 38.1% — well above average. The silver lining: inflation is cooling. CPI came in at 2.4% year-over-year, below expectations and the lowest since May. The economy is still growing. Rotation is not collapse — it’s the market repricing risk after two years of AI-driven momentum. What’s on the Calendar This week matters. Here are the dates to circle: Wednesday brings the FOMC meeting minutes, which should give us clarity on the rate-cut timeline after soft CPI. Thursday features Walmart earnings — a key read on consumer spending. Friday is the heavyweight: PCE prices (the Fed’s preferred inflation measure) and the Q4 GDP advance estimate land together. In short, by Friday we’ll know a lot more about where rates, inflation, and growth stand heading into March. This Week’s Game Plan Respect the rotation. Money is leaving expensive growth and flowing into value and cyclicals. If you’re in quality positions with time on your side, this is noise. Don’t let a red week shake you out of a sound thesis. Let the data come to you. With FOMC minutes, PCE, GDP, and a major earnings report next week, this is a week for patience — not impulse. The best entries come after clarity, not before. Cash is a position. The VIX above 20 means premiums are elevated. You’re paying more for contracts right now. Sometimes the smartest move is no move at all.

Here is an updated watchlist for your review. Come prepared to discuss the technicals in the Sunday Live Session.

Market’s selling off today. S&P down 1.2%, Nasdaq down 1.6%, Dow down over 500 points. What’s happening: Tech getting hit hard on AI disruption fears. Cisco down 12% on weak guidance—spooked the whole sector. Mega-caps (Apple, Amazon, Meta) all down 3%+. Software stocks down nearly 4%. Strong jobs data yesterday killed rate cut hopes. Fed staying hawkish longer = market adjusting. What this means for us: Our plays are deep swings—we’re not day trading, so daily noise doesn’t break us. MNST (6/18), AROC (5/15) have runway. HON and HWM already hit targets. The rotation is still intact. Notice what’s getting destroyed: tech and software. What’s holding up: industrials, energy, consumer discretionary—exactly where we’ve been positioned. CPI drops tomorrow (Friday). That’s the real test. Market is choppy heading into it—this is normal. Your move: ∙ Don’t panic. Check your stop losses (35% rule). ∙ If you’re in cash, stay patient. Down days are shopping days, but let the dust settle. If you hit your stop, you cut. No hoping. No waiting “one more day.” The market rewards discipline, not emotion. Trade wisely. Stay sharp. Aziz | EagleTrade