🤫 The Ramp-In · Session 7 of XI · Level 200 · Open to everyone

The Greeks,
practically.

8:35 · how the price moves · narrated by Leo

The Greeks, without fear — each one is just a slope. Delta: how much the option moves per dollar, the hedge ratio, and roughly the odds it finishes in the money — which is how we pick strikes. Gamma: delta's acceleration, the thing that bites fast near the strike. Theta: time decay — the seller's income, the aloha drip named, and why we roll in the 6–12 week window. Vega: the ear for fear — and we're short it, so we sell the panic and win as it normalizes. Assembled, they draw the desk's fingerprint: long delta, short vega, long theta — patience monetized — a durable posture, not a clever one. First-order truths, handled with the humility that keeps them from making us reckless.

The eleven-session ramp · 100 → 200 → 300

Foundations for the Aloha desk — from "capable and curious" to your first pull request. When you want the proofs, the Master Class awaits.

100
Welcome & The Big Picture ▶ Watch
What we are, moats, permanent capital, aloha, and the culture.
100
What a Market Really Is ▶ Watch
A share as a claim on cash; price vs value; Mr. Market.
100
Options From Scratch ▶ Watch
Calls and puts as insurance; payoff diagrams; the seller's seat.
100
Why We're the House ▶ Watch
Sell, don't buy; paid to wait, paid at the top; the aloha stream.
200
The Language of Randomness ▶ Watch
Random walks, lognormal prices, volatility, expected value.
200
Black–Scholes, the Friendly Version ▶ Watch
What the formula means; the inputs; d₁ and d₂ as moneyness.
200
The Greeks, Practically ▶ Now playing
Delta, gamma, theta, vega — what they mean for a position.
200
Implied Vol & Signals ▶ Watch
IV as the market's fear; our own IV; RSI; DNSA.
300
The Engine, a Guided Tour ▶ Watch
The codebase ring by ring; the daily cycle; Iron Rules; the ratchet.
300
How We Prove Things ▶ Watch
Determinism, tests as documentation, the simulator, the auditor.
300
Your First Two Weeks & Your First PR ▶ Watch
Install, pytest, walk the rings, break a golden, open your PR.

The Aloha Machine · The Ramp-In — training & educational content, open to everyone. Fund A is pre-launch; every figure shown is hypothetical and model-derived (SEC Rule 206(4)-1) and does not predict results. No roster or weights are shown. Not an offer to sell or a solicitation of an offer to buy any security. Leo is a fictional AI presenter; the voice is AI-generated — not a recording of any real person. 🤫 AlphaAlohaOS · Alphabets 27 · hushh