Options Master Quiz 300 Questions · F&O

“Lakhs of Indians trade NIFTY and BANKNIFTY options every week — but how many truly understand delta, theta, IV crush or max loss?”

About Options Master Quiz

Options Master Quiz is an offline learning game for anyone who trades — or wants to understand — options in India. 300 questions are arranged in 15 levels, from Call and Put basics, moneyness and NSE contract rules (lot sizes, Tuesday expiry, settlement) to the Greeks, reading an option chain (OI, PCR, build-ups), directional and neutral strategies, 20 payoff-chart questions, expiry-day risks, position sizing, trading psychology, STT, F&O tax and scam red flags. Every answer comes with a short explanation, calculation questions show the working, and you can switch between English, Hindi and Hinglish with one tap. Earn up to 3 stars per level, open boost chests (50:50, +20 seconds, second chance, 2× XP), revise your mistakes and unlock an Options Master certificate. Educational only — no tips, no signals, no profit promises.

What is inside

• 300 questions · 15 levels · 20 per level
• English, हिंदी & Hinglish (one-tap switch)
• 20 payoff-chart questions + option chain reading
• Greeks: delta, gamma, theta, vega, rho
• Strategies: spreads, straddle, strangle, iron condor, butterfly
• NSE rules 2026: lot sizes, Tuesday expiry, STT 0.15%
• Boost chests, ranks, revision mode & certificate
• Short explanation after every answer
• Works fully offline on laptop & mobile

Most F&O traders lose — often without understanding why.

SEBI's study found about 91% of individual F&O traders made net losses in FY2024-25. Many buy cheap OTM options on expiry, sell naked options without knowing gamma risk, or fall for 'sure-shot tips' groups.

Build real options knowledge — one level at a time.

Short, focused quiz levels with instant feedback. Read payoff charts, decode an option chain, calculate breakevens and learn the Greeks — then revise every mistake until it sticks.

Inside Options Master Quiz

• Levels 1–3 · Foundations — Call, Put, premium, strike, expiry · ITM/ATM/OTM, intrinsic & time value · NSE contract rules, lot sizes, expiry days and settlement.
• Levels 4–6 · Pricing & payoffs — Breakeven and P&L at expiry · buyer vs seller risk · what moves premiums: time, IV, VIX and IV crush.
• Levels 7–8 · The Greeks — Delta, gamma, theta, vega and rho — with quick calculation questions.
• Level 9 · Option chain — OI vs volume, PCR, long/short build-up, support/resistance zones and max pain — on an illustrative chain.
• Levels 10–12 · Strategies & charts — Bull/bear spreads, covered call, collar, straddle, strangle, iron condor, butterflies — and 20 payoff-chart questions.
• Levels 13–15 · Expiry, risk, tax & scams — Gap risk, expiry rules, position sizing, psychology, STT, ITR-3, SEBI rules and scam red flags.

🎮 Play the free demo

Who is it for?

• New option traders — Understand what you're buying or selling before you risk real money.
• Active F&O traders — Fill the gaps — Greeks, IV, payoff shapes and position sizing.
• Students & learners — Preparing for NISM-style concepts or just curious about derivatives.
• Trainers & communities — A ready-made, engaging quiz for workshops and study groups.

How it works

1. Try the free demo — Play Level 1 and sample payoff-chart questions in your browser.
2. Pay ₹199 — UPI, USDT or bank transfer — price shown in your currency.
3. Share the receipt — Send your payment screenshot / transaction ID on WhatsApp.
4. Download & play — Receive the game ZIP, double-click the file and play — offline, forever.

What's included

• All 300 questions in one offline file
• 15 levels · 3 languages · explanations
• Payoff charts & option chain questions
• Boost chests, ranks & revision mode
• Options Master certificate
• Easy “How to play” guide

Pricing

📖 Play Free Demo

💬 Buy on WhatsApp