Intermediate Level 3
You already understand how basic option combinations are built and how their individual components work together. Now it’s time to move to more complex structures.
Here, you will understand the key advantages and disadvantages of these structures and, most importantly, learn how to manage them over time as market conditions change.
To get started, you only need to complete 3 steps.
Step 1. Create Your Personal Account.
If you haven’t registered with Risk Academy yet, start by creating an account. Once you register, you’ll have access to your personal dashboard — this is where your training will take place.
After logging in, look for the red indicator on your profile. It means that your email address has not yet been verified.

Once your email is verified, the red indicator will disappear and your personal account will be fully activated. To receive the verification email, go to My Courses and click Get verification email.
If you registered through Sign Up with Google, no additional email verification is required — your email has already been verified by Google.
Step 2. Choose Your Course and Schedule
Go to the Intermediate Level 3 course card. The course includes three 1.5-hour sessions designed to guide you step by step through the material at this level. The full course fee is USD 350.
At Intermediate Level 3, you will learn more complex option combinations built not from two, but from four positions, such as butterfly spreads and condors. You will understand the market conditions in which straddles and strangles are used and learn how to determine when these combinations are most appropriate.
You will also learn how to maintain a trading journal and, before entering a combination, independently calculate the maximum potential profit, maximum potential loss, and break-even point. This will allow you to assess the risk of each position in advance and make more structured trading decisions.
Most importantly, you will learn how to manage these combinations over time as market conditions change.
Condors, Strangles, and market-neutral strategies
Right on this page, click Choose Schedule to view the available schedule. Select the date and time that work best for you.


We have designed the schedule to be as flexible and convenient as possible. Intermediate Level 3 is offered twice a month, with three available time options for each course. Choose the date and time that work best for you.

After selecting your preferred date and time, choose one of the two available groups. Each group is limited to no more than 3 participants, so space is limited.
If there is an available spot in your selected group, click Continue. Your spot will be reserved, and you will proceed to course payment.
Please click Continue only when you are ready to proceed with payment, as your spot in the selected group will be reserved for you once you continue.
Step 3. Start Your Training
After completing your payment, log in to your personal account and open the My Courses section. The course card for your selected course will appear there.
Click on the course card to access your sessions, schedule, and online classes.

Clicking on the course card will take you directly to the page for your online Zoom sessions.

On the date and time you selected, your instructor will start the Zoom session. The Join Session button will then become active, allowing you to join your group.
Each training session is recorded and saved in your personal account. You can return to the recording at any time to review the material or revisit specific topics covered during the session.
Access to your sessions will become active once your course payment is confirmed and the Pending status is updated.
Once you complete this course, you will be ready to take the next important step — the final stage of the theoretical program. At the Advanced Level, you will bring together and systematize everything you have learned at the previous levels, moving from studying established option combinations to understanding the principles behind building your own strategies. This will provide the foundation you need to independently create, analyze, and further develop your own stock option trading strategies.