Advance Hedge With Vikram – Options Hedging Playbook 2026 is a practical guide to understanding and applying options hedging strategies in the real market.

This book explains options basics, Greeks, intrinsic value, time value, VIX, strike selection, premium selection, risk management and practical hedging strategies in simple language.

You will learn strategies such as Protective Put, Covered Call, Collar, Straddle, Strangle, Iron Condor, Iron Fly, Jade Lizard, Ratio Spread, Backspread, Calendar Spread and Credit Spreads.

Each strategy is explained with strike prices, premiums, entry logic, maximum profit and loss, breakeven points, adjustments and practical market examples. Payoff graphs are also included to make the risk and reward easier to understand.

The book also covers trading psychology, position management, risk control, backtesting and a practical trading checklist.

Trade with knowledge. Hedge with discipline.