Glossary
Strike, premium, intrinsic and extrinsic value, the Greeks, implied volatility, assignment, and more, in plain language.
Free · Options Field Manual
FreeA glossary of the terms that matter and five core structures drawn as risk maps: long call, long put, debit vertical, credit vertical, and iron condor. Plus a 5-day email course that walks you through one structure a day with the numbers worked out.


PDF · 11 pages · FreeFree, instant access after confirmation
The one habit the manual teaches: know your worst case before you click buy.
Who it is for
The Field Manual is for newer options traders, and for experienced stock traders who want the options vocabulary and structures laid out cleanly.
What is inside
Strike, premium, intrinsic and extrinsic value, the Greeks, implied volatility, assignment, and more, in plain language.
The two building blocks, and why premium is the risk.
The default structure behind the daily 2pm Ideas list.
Getting paid to take risk, and the math behind it.
Two credit spreads, one range, both sides defined.
How to put the five structures to work, and the next step if you want one.
Why it is free
Most options mistakes are not about bad ideas. They are about structure and size: buying a long option that needs too much movement, selling premium without a wing, or putting too much on one idea. The Field Manual exists to fix that before it costs anything.
Every structure in it has a ceiling on what it can cost you, and every example shows that ceiling in dollars before entry. If the manual is all you ever take from Wolf Eye Options, that is a good outcome.
Know your worst case before you click buy.
How it fits
The Field Manual is the free start. Next comes Wolf Eye Starter Week ($36), a 7-day verticals course, then the Options Courses Pack ($297), then the Service ($9 trial, $97/mo or $997/yr). No step is required.
Daily 2pm PT Ideas list, playbook, and Options Courses access.
$9 for 3 days, then $97/mo or $997/yrFree
No cost, no card. Education only.
Questions
Yes. No card, no trial. You will get a confirmation email, the PDF, and five short lessons.
On Day 5 I will tell you about Wolf Eye Starter Week, a $36 course. You can ignore it and keep the manual.
No. Wolf Eye Options is education and research. Every example uses a hypothetical ticker, XYZ, and nothing is personalized to your account. You decide what, if anything, to trade.
Education disclaimer. Wolf Eye Options is an education and research publication. Nothing on this page is investment advice, a recommendation, or an order to buy or sell any security, and nothing here is personalized to your situation. Options involve substantial risk and are not suitable for every investor; an option can expire worthless and you can lose the entire premium paid, and some structures (such as covered calls and cash-secured puts) carry the downside risk of owning stock. All trade examples are hypothetical, use the placeholder ticker XYZ, ignore commissions, fees and assignment risk, and are shown only to explain structure and risk. No results, returns, or win rates are claimed or implied. Before trading options, read Characteristics and Risks of Standardized Options published by the OCC, and consider consulting a licensed professional.