Online course

Options, from inside a market making desk

Sven Hubens spent ten years market making options at Optiver and Maven. This is what he taught new traders.

Sven Hubens made options markets at Optiver and Maven for ten years and trained their new traders for seven. This is what he taught them, recorded in five parts, with the slides, written modules, practice problems, tests, a live Q&A with Sven, one month in a private group with him and a Sophron® certificate.

Join the Telegram group with Sven 1 month included
Traded and
taught at
OptiverMavenCboe

Online and at your own pace, open to anyone. Incl. 21% VAT, nothing recurring, six months of access. Pay first, then sign in with your Sophron® account. With the Sophron® Passport or AIC Premium it is €44.95. How it works

Traded on these desks, and trained their traders

Optiver Maven Securities Cboe Global Markets
EnglishNederlandsDeutschFrançaisEspañolItalianoPortuguêsPolskiРусскийTürkçeالعربيةहिन्दी简体中文繁體中文日本語한국어

What it is

What a new trader learns first, in one course

One recording, taught the way a market making desk teaches it, with everything around it you need to study it properly: the slides, a written module for every part with practice problems and a test, example trades, a live Q&A with Sven, a month in a private group where you can ask him anything, and a certificate a firm can check.

01

The recording

3h 24m in 58 chapters, taught as a conversation.

3 hours 24 minutes in 58 chapters and five parts. Recorded as a conversation: Sven teaches, Vincent Brandsma asks the question you would have asked.

02

128 slides

Every slide, plus two reference PDFs to keep.

Every slide from the course, beside the video or on its own, plus two reference PDFs to keep: the terms and formulas, and the questions and answers.

03

Eight written modules

The course in text, with a test after each.

The course in text, with figures and calculators to try, each module linked to the minute of the recording it comes from. A test of eight questions after each.

04

Practice problems and example trades

35 problems and five example trades.

35 problems with worked solutions: type the number or pick the answer, three attempts each. Then five example trades that put the lessons together, from the idea to the exit.

05

A live Q&A with Sven Hubens

An online hour with Sven, included.

An online hour with Sven, live. Ask him about the recording, a module, a trade you are working through or getting the trading job. Part of the course for everyone with access, at no extra cost.

06

A Sophron® certificate

In your name, verifiable on sophron.eu.

Issued in your name when you have watched 90% of the recording and answered all 18 video questions, 12 of them right, signed by Sven Hubens, with a credential ID anyone can verify on sophron.eu.

07

One month in the group with Sven Hubens

Ask Sven anything on Telegram. The first month is included.

A private Telegram group where you ask Sven anything about options and the trading job. Every question gets its own topic, with his answer under it. Your first month is included with the course: start it from the course portal with a card and cancel before it ends to pay nothing. After that it is €30.25 a month including VAT, cancel any time. Education, not financial advice.

What the Options Course gives you A look inside

Not sure about a term? Browse the free options glossary →

How it works

Online, at your own pace

There is no intake to wait for. Start the day you pay, on any device, and take the six months as you like. The one live part is the Q&A with Sven, and the portal shows when the next one is.

1PayOne payment of €59.95 through Stripe, or €44.95 with the Sophron® Passport or AIC Premium. No account needed to pay.
2Sign inSign in or create a free Sophron® account with the email you paid with. The course is tied to it.
3WatchThe recording in chapters, with the slides beside it and subtitles in sixteen languages.
4Read and practiseWork through the eight written modules, try the practice problems and pass the test at the end of each one.
5Ask SvenJoin the live online Q&A with Sven Hubens and bring your questions.
6CertificateYour Sophron® certificate, with a credential ID anyone can verify.

Five parts

In the order a desk teaches it

From what an option is to sitting the interview, in the sequence new traders at a market making firm learn it.

  1. 1

    What an option is

    The four reasons anyone trades one, and every Greek by what it does to your position.

    14 chapters
    58 min
  2. 2

    Pricing

    Black-Scholes, and more time on its limits than on the formula.

    7 chapters
    26 min
  3. 3

    Market making

    Quoting around a theo, getting hit, hedging, and the limits that decide when you stop.

    16 chapters
    53 min
  4. 4

    One volatility trade

    Eurostoxx versus S&P, from analysis and sizing to what blows it up.

    12 chapters
    48 min
  5. 5

    Getting the trading job

    What the CV screen looks for and why strong candidates fail the technical.

    9 chapters
    21 min
A slide from part one of the course
Part one: the Greeks, starting with delta.
A slide from part three of the course
Part three: quoting and hedging as a market maker.
A slide from part four of the course
Part four: one volatility trade, start to finish.

Who teaches it

Sven Hubens, a market maker who trained market makers

More than ten years at Optiver as a senior derivatives trader, and seven of them training the firm's new traders, followed by Maven Securities on macro derivatives until 2024.

Today he runs Hubens Capital and sits on the adjunct faculty of The Options Institute at Cboe. Trading firms bring him in to train their traders.

Hubens Capital Founder and CEO LinkedIn

Published by Sophron® under licence from Hubens Capital.

Sven Hubens lecturing on options at the University of Amsterdam
University of Amsterdam
Sven Hubens interviewed at The Trading Fair
The Trading Fair
Sven Hubens presenting to a full room at The Trading Fair
On stage
Sven Hubens teaching the course in the studio
Recorded in the studio in Amsterdam.
The Sophron® certificate in options trading, awarded on completion

On completion

A certificate a firm can check

Finish the course and its tests and Sophron® issues the Sophron® Certificate in Options Trading in your name. It names what you studied and who taught it.

  • Verifiable. Every certificate carries its own credential ID, so a firm can check it at sophron.eu/verify in seconds.
  • Signed by Sven Hubens and issued by Sophron®.
  • Yours to show. Download it as an image and add it to your CV or the certifications section of your LinkedIn, with its credential ID.
  • Yours to keep after the six months of access end.
Verify a certificate

Before you buy

The course in short

Format
Online, at your own pace, with a live Q&A with Sven
Length
3h 24m in 58 chapters
Access
Six months from the day you pay
Language
English, subtitles in 16 languages
Level
From what an option is upwards
Price
€59.95 incl. VAT, one payment
Do I need an account?

Not to pay. You pay first, then sign in or create a free Sophron® account with the email you paid with. It is the same account as the Amsterdam Investment Club, so if you have one of those, use it. The course is tied to that account, so you can open it from any device.

Do I need to know anything first?

Part one starts from what an option is, so no. It moves quickly though. If you have never traded anything, expect to pause and rewind, which the chapters make easy.

Can I ask Sven questions?

Yes. Everyone with access can join the live online Q&A with Sven Hubens: an hour where you ask and he answers, about the recording, the modules, a trade or the job. The date of the next one and the link to join are in your portal.

What happens after six months?

Access ends and the portal closes, and your progress is kept. Renew for another six months from the checkout and the course opens where you left it. Your certificate stays valid and can still be verified on sophron.eu.

Are there subtitles?

Yes, in sixteen languages: English, Dutch, German, French, Spanish, Italian, Portuguese, Polish, Russian, Turkish, Arabic, Hindi, Chinese (simplified and traditional), Japanese and Korean. Pick one in the player at any point.

Can I download the video?

No. The video streams only, and the PDFs you download carry your email address on every page. Sharing either one ends your access.

What is the group with Sven?

A private Telegram group for people on the course, where you ask Sven Hubens anything about options and the trading job. Every question gets its own topic, with his answer under it. Your first month is included: start it from the course portal with a card, and cancel before it ends to pay nothing. After that it is €30.25 a month including VAT (€25 plus 21%), cancel any time. Everything in the group is education, not financial advice. The group terms have the rules.

Is there VAT?

Every price shown is the total you pay, €59.95, with 21% Dutch VAT already included. If you are a business inside the EU with a valid VAT number, you can enter it at checkout.

What is the member price?

Holders of the Sophron® Passport (€25 a year) and Premium members of the Amsterdam Investment Club (€15 a year) pay €44.95. The Passport opens the Analyst Program, five modules with their own certificate and badge (more to come), and the Options Course at the member price. Premium also includes the Sophron® Analyst Program. You can add Premium at checkout in the same payment. See AIC Premium.

Who is behind it?

The course is taught by Sven Hubens of Hubens Capital and published by Sophron® under licence. Questions to contact@sophron.eu.

Education only. Nothing in the course or on this page is investment, financial or trading advice of any sort, and it should not be treated as such. Consult a licensed financial advisor before making any investment decision. We are not licensed by the AFM to provide individual investment advice.

Start today

Learn options the way a desk teaches them

Pay once, sign in with your Sophron® account and start with part one. Six months of access, at your own pace, with the live Q&A with Sven.

Incl. 21% VAT. Secure checkout by Stripe, no account needed to pay, EU VAT number accepted. Holders of the Sophron® Passport and AIC Premium members pay €44.95 (see AIC Premium).

Start learning nowOpen the course €59.95, one payment