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Intermediate

Practice Drills: Using Options for Basic Portfolio Hedging

A practice-first companion to Understanding Options as a Hedging Tool for Investors. You already know what a protective put, a collar, and portfolio beta are; this course makes you work them with real numbers. Starting from a live NSE option chain, you will drill the floor and cost of a protective put, compare strikes and expiries, estimate your portfolio's beta from mutual fund factsheets, size a Nifty hedge in lots, build a zero-cost collar, add up the true all-in cost of protection, and decide when to roll, hold, or let a hedge expire. Built for experienced retail investors, mutual fund investors, and salaried professionals who want a repeatable, calculator-backed routine for protecting a portfolio around budgets, elections, and results season, without turning into full-time F&O traders.

Protective PutsIndex HedgingPortfolio BetaCollars and Covered CallsHedging CostsRolling Hedges

MODULES

6

DURATION

4 Hours

TRACK

Options & Derivatives

What You'll Master

Read an NSE option chain the way a hedger does, focusing on premium, liquidity, and implied volatility

Calculate the floor, breakeven, and cost as a percentage of portfolio for any protective put

Compare protection across strikes, expiries, and India VIX regimes before you pay for it

Estimate your portfolio's beta from mutual fund factsheets and size a Nifty hedge in lots

Build a zero-cost or low-cost collar from the option chain and score it against a plain put

Add up the all-in cost of a hedge including STT, brokerage, bid-ask spread, and margin

Decide whether to roll, hold, exercise, or let a hedge expire, and understand how the P&L is taxed

Access Level

LEARNER

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Everything included

Full Text Playbooks

Actionable Exercises

Mobile Reading Mode

Lifetime Updates

Curriculum Breakdown

Chapter 1: Setting Up the Drill

3 Lessons

Before You Hedge: The Five Numbers Every Hedge Starts With10 min read

Drill: Reading an NSE Option Chain Like a Hedger, Not a Trader13 min read

Drill: Building Your Hedge Worksheet in Google Sheets13 min read

Chapter 2: Drilling the Protective Put

4 Lessons

Drill: Floor, Breakeven, and Cost of a Protective Put on a Single Stock12 min read

Drill: Choosing Between ATM, 5% OTM, and 10% OTM Puts13 min read

Drill: Monthly vs Quarterly Expiry and the Cost of Time12 min read

Drill: How India VIX Changes the Price of Your Insurance12 min read

Chapter 3: Drilling Index Hedges for a Diversified Portfolio

3 Lessons

Drill: Estimating Your Portfolio's Beta from Mutual Fund Factsheets13 min read

Drill: Sizing the Hedge: How Many Nifty Lots Do You Need13 min read

Drill: Measuring Basis Risk When Your Portfolio and the Nifty Diverge12 min read

Chapter 4: Drilling Covered Calls and Collars

3 Lessons

Drill: Covered Call Income, Upside Cap, and Assignment Risk12 min read

Drill: Building a Zero-Cost Collar from the Option Chain13 min read

Drill: Put vs Collar vs Put Spread: Scoring Three Hedges on One Portfolio14 min read

Chapter 5: Drilling Costs, Rolls, and Exits

3 Lessons

Drill: The All-In Cost of a Hedge: STT, Brokerage, Spread, and Margin12 min read

Drill: Roll, Hold, or Let It Expire: Managing a Hedge Near Expiry13 min read

Drill: Recording and Taxing Your Hedge P&L12 min read

Chapter 6: Full Practice Drills

3 Lessons

Full Drill: Hedging a Concentrated Stock Portfolio Before Results Season16 min read

Full Drill: Hedging a ₹25 Lakh Mutual Fund Portfolio Through Budget Week16 min read

Full Drill: Writing Your Personal Hedging Playbook14 min read