Advance Hedge With Vikram – Options Hedging Playbook 2026 is a practical guide to understanding options hedging in simple Hinglish.

The book covers 21 practical options strategies, starting from options basics and hedging concepts and moving towards advanced structures such as Iron Condor, Iron Fly, Jade Lizard, Ratio Spreads, Calendar Spreads, Straddles, Strangles, Protective Put, Collar and Credit Spreads.

Each strategy is explained with practical examples, BUY/SELL legs, strike selection, premium, delta, maximum profit, maximum loss, breakeven, entry conditions, adjustment ideas and payoff charts.

The book also covers India VIX, Greeks, capital and risk management, position sizing, trading psychology, profit trailing and a final trading checklist.

The focus is not on tips or trade calls. The goal is to understand the structure, risk and payoff of an options strategy before taking a trade.

Educational purpose only. Options trading involves substantial risk. Always verify current market data, lot sizes, expiry schedules and applicable rules before trading.