What an option actually is
Right versus obligation, strike, expiry and premium—explained from the contract itself.
Live masterclass · registration open
A market that falls is still a market that pays.
Most portfolios have one setting: hope the market goes up. In this free 45-minute live session, Dr. Clemen Chiang shows how options can be structured for a rise, a fall, or simply a decisive move—and where they sit inside EPIC.
- Beginner-friendly
- No broker account needed
- Live Q&A
- Replay for registrants
Built for first-time and active investors
Plain definitions. Live payoff charts. No tips or price targets.
PresenterDr. Clemen Chiang
Format45 minutes · Live
PlatformZoom · Replay included
CostFree registration
What you will understand
Leave with a map—not a list of jargon.
The session is designed to make options visible. You will see the contract, the payoff and the risk on one screen, then connect the pieces inside a broader portfolio framework.
How to read the shape
Find maximum loss, breakeven and the zone where a strategy works without memorising a formula.
How movement can matter more than direction
See straddles and strangles built live—and why the move still has to be large enough to pay for the premium.
Where options fit
Place the income pillar beside equity, Singapore property and crypto without confusing one job for another.
No prior options experience is required. The class begins at the definition of a contract and builds from there.
Reserve my free seatInteractive proof
Drag the market. Watch the payoff change.
Owning a share and owning a two-sided options structure do not respond to the same market move in the same way. Move the price below to see the difference.
Illustrative long straddle: strike 100, spot 100, debit 12.00 per share. Shapes are stylised for teaching. This is not a recommendation, forecast or price target. Options carry risk, including total loss of premium paid.
Why this session, now
Volatility is not the problem. Having only one direction is.
A share certificate has one basic instruction: go up. Options are assembled from parts, and those parts can be positioned to face a rise, a fall—or both.
Stock-only thinking
When the market falls
Down moves are absorbed rather than traded. The usual responses are to sell, average down or wait—and waiting is not a structure.
- ToolsSell, hold or hedge with cash
- Cost of errorOpen-ended until the shares are sold
- Capital unitMoves in whole shares
Options thinking
When direction is uncertain
A put can gain as price falls; a call can gain as it rises; combined, they can cover a decisive move without choosing one direction in advance.
- ToolsCalls, puts and 56 documented combinations
- Cost of errorDefined at entry on long structures
- Contract unitOne standard contract controls 100 shares
Defined risk is not zero risk. A long option can still lose the entire premium paid when the expected move does not arrive. The masterclass teaches what breaks as carefully as what pays.
Run of show · Singapore time
Every minute has a job.
Forty-five minutes, sequenced from first principles to live structure-building—then a short open floor for general educational questions.
What an option actually is
Right versus obligation, strike, expiry and premium. Plain definitions with the contract in front of you.
Stock versus option, side by side
The same market view expressed two ways: where leverage comes from, what it costs and what quietly expires.
Reading a payoff scope
How to locate maximum loss, breakeven and the zone where a strategy works.
Build the two-sided structures
Straddle and strangle, built live: why they profit on movement, what they cost and the conditions in which they fail.
Where the 56 strategies fit
A map of ten families—from single-leg directional structures to synthetics and arbitrage.
EPIC: equity, property, income, crypto
Where options sit among the four pillars and why each pillar has a different job.
Live questions
General education only—no individual trade recommendations, tips or price targets.
Join live for the question segment. The replay preserves the teaching, but not the opportunity to put a question into the room.
Save my free seatThe reference behind the class
56 strategies. 10 families. One shared grammar.
The masterclass opens the door to the full Spiking reference: core single- and multi-leg structures, each drawn to its expiration payoff.
04
Single-leg directional
Bullish / bearish 07Stock + option
Income / protection 04Vertical spreads
Debit / credit 04Ratios & backspreads
Skewed 02Ladders
Neutral 08Straddles & strangles
Movement / volatility 08Butterflies
Pinned range 07Condors
Wide range 06Calendar & diagonal
Time-based 06Synthetics & arbitrage
StructuralThe wider frame
Options are one letter. EPIC is the whole word.
The subject of this masterclass sits in the income pillar. Seeing the other three matters because the pillars do not behave the same way—and they are not meant to do the same job.
E
Equity
The US stock market, read through institutional money flow rather than headlines—who is buying, at what size and when.
SpikingAI® · spiking.comP
Property
Singapore property as the long-hold, slow-compounding pillar—bought with patience and financing rather than rapid trading.
Long Island · longisland.sgI
Income
Options trading. Structures that can be positioned for a rise, a fall or a move—the subject of this live masterclass.
Live masterclass · spiking.com/56C
Crypto
Bitcoin as a volatile satellite, sized deliberately and understood on its own terms.
Position sizing firstYou will leave with the map, not a portfolio. EPIC is a framework for organising decisions; it is not an allocation recommendation.
LIVECamera on
Charts live
Charts live
Presented live by
Dr. Clemen Chiang
Founder and CEO of Spiking, the Singapore-based platform that tracks institutional money flows and options activity. He is teaching this session himself—camera on, charts live and no pre-recorded segment.
His work on options began with correspondence with an instructor at the CBOE Options Institute in 2000, leading to the Options Trading Championship held in Singapore in 2006.
RoleFounder & CEO, Spiking · Portfolio Manager, Lucerne Asset Management
TrainingPhD · CBOE Options Institute trained
TeachingMore than 50,000 students taught
BoardsSenior Accredited Director, Singapore Institute of Directors · Board member, Travelite (SGX:BCZ)
PlatformSpikingAI® — built on the EDB & Google Cloud AI Cloud Take-Off Programme
FormatPlain English · live charts · general education
Learn with Dr. Chiang liveTuesday, 25 August · 8:00 PM SGT
Before you register
Know exactly what this is—and what it is not.
A strong masterclass should set the right expectation before asking for your time.
This is for you when…
- You understand shares but options still feel abstract.
- You want to see risk and payoff visually rather than memorise terminology.
- You want to understand bullish, bearish and two-sided structures.
- You want a 45-minute introduction before deciding whether to study further.
This is not…
- A promise of profit or a shortcut around risk.
- A signal service, stock-tip session or list of trades to copy.
- Personalised financial advice or an allocation recommendation.
- A substitute for understanding premium loss, assignment and the risks of uncovered selling.
Frequently asked
Straight answers.
No vague promises and no hidden prerequisites.
I have never traded an option. Is this too advanced?
No. The session starts at the definition of a contract. If you know what a share is, you have enough context to follow every minute.
What is EPIC?
Equity, Property, Income and Crypto—the four pillars Spiking teaches as one map. This session covers the income pillar in depth and introduces the purpose of the other three.
Is it really free?
Yes. Attendance costs nothing. Spiking runs paid programmes and one may be mentioned at the end. You are not required to consider it, and the teaching does not stop early to make room for it.
Will I receive the recording?
Registrants receive the replay by email. Attending live is still better because the final question segment cannot be recreated afterwards.
Do I need a brokerage account or software?
No brokerage account is required. Bring Zoom and something to write on. The payoff scopes used in the session can be reviewed at spiking.com/56.
Will you tell me what to buy?
No. There are no tips, signals or price targets. The session teaches how a structure is built and how to read its risk; the decisions remain yours.
What if 8:00 PM Singapore time is difficult for me?
Register anyway for the replay. The page also calculates the live start time in your device's local time zone above the registration form.
One market truth · 45 live minutes
Stop needing the market to go up.
Reserve the free session. See the contract. Read the payoff. Understand what a two-sided structure can—and cannot—do.
Tuesday 25 August8:00 PM SGTLive on ZoomReplay included
Reserve your free seat
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