Derivatives, FX, Commodities and Crypto

Everything that is not a share of stock — option chains, currency pairs, commodity series, coins and indices — and the very different shapes their data takes.

4 units · 16 lessons · 90 min read · plus hands-on practice, at your pace

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Why does one stock turn into fourteen thousand rows?

An Option Chain as Data · 4 min read · practitioner

Start the first lesson

Unit 1 An Option Chain as Data

  1. Why does one stock turn into fourteen thousand rows? 4 min
  2. What does AAPL271217C00420000 tell you before you fetch anything? 4 min
  3. Why is the last price on this option two months old? 4 min
  4. Whose model produced the delta in this row? 7 min
Practice Check · Unit 1 A short check · cannot be failed Start

Unit 2 Currencies Have No Home Exchange

  1. Which exchange does EURUSD trade on? 6 min
  2. Why is there no row for the euro? 4 min
  3. Why is the volume column zero on every FX row? 7 min
  4. What is actually inside a thousand-pair universe? 5 min
Practice Check · Unit 2 A short check · cannot be failed Start

Unit 3 Commodities and Crypto

  1. What is actually in a row of commodity history? 7 min
  2. What exactly does one commodity number measure? 7 min
  3. What breaks when a market never closes? 7 min
  4. Why do two crypto sources disagree about the same coin? 6 min
Practice Check · Unit 3 A short check · cannot be failed Start

Unit 4 Indices

  1. Why does an index have a price but no trades? 5 min
  2. What would it take to rebuild the S&P 500 yourself? 6 min
  3. Why does a backtest on today's index look so good? 5 min
  4. Derivatives, FX, commodities and crypto — course checkpoint 6 min
Practice Check · Unit 4 A short check · cannot be failed Start

Last Course exam

One exam, the whole course Unlocks when you have read all 16 lessons

Passing it earns the course certificate. It also counts toward the Builder track (course 6 of 13): pass every course exam in a track to earn its track certificate.