How institutions position through options, and how to read that context for futures decisions. The daily options-data workflow, reading single-leg and multi-leg structures, the probability framework behind the Range Projector, and the macro layer that frames the week.

9 video lessons + a handout and cheat sheet for each:

1. Why Options Data Matters
2. Options Data Algorithm and CME Workflow
3. Naked Options and Synthetic Straddles
4. Straddle and Strangle
5. The Probability Framework and the Conflux Range Projector
6. Spreads: The First Directional Construction
7. Risk Reversal and Ladder
8. Butterfly and Condor: The Targeted Constructions
9. Macro Context: COT Reports, Margin Zones, and Futures Open Interest

Block C of the full course. Education and tools, not signals or income. Trading futures and options carries a high risk of capital loss; past results do not guarantee future performance.