Hi traders — Mansur here.
About 10 Delta Playbook
I started this publication in July 2025 to document how I trade options with real capital.
I write about the entire process: the original market view, the strategy I choose, the risk I accept, the adjustments I consider, and the final result. Profitable trades, losses, drawdowns, and changes to the framework all become part of the research.
Over time, the publication has grown beyond a journal of individual trades. It has become a place where I study how different options structures behave under different market conditions.
The decision before the trade
A market view still leaves a trader with several important decisions.
Which expiration makes sense?
How much time should the position have?
Should the idea be expressed through a vertical spread, a butterfly, a calendar, or another structure?
How do time decay, implied volatility, risk, and potential reward change between those choices?
I kept encountering these questions in my own research. The same market thesis could lead to several very different trades, each with its own strengths, weaknesses, and failure points.
Choosing the structure became one of the most important parts of my workflow.
From research to a decision-support tool
That work eventually led me to build Options Playbook, an options decision-support tool for comparing strategies before moving on to strike selection and execution.
The workflow begins with a ticker. The tool presents the current market context, lets you choose an exact expiration, and compares five options strategies selected for that setup.
Each strategy is shown as a concrete structure with its own market fit, risk profile, and trade-offs. This makes it easier to compare different ways of expressing the same underlying view.
10 Delta Playbook contains my ongoing trading research and publications. Options Playbook is the product that grew from that research.
What I publish
Readers can expect:
trade plans and post-trade reviews;
explanations of options strategies and their trade-offs;
observations about volatility and changing market conditions;
lessons from profitable trades, losses, and drawdowns;
updates to my trading framework;
notes about the research and tools I am building.
I focus on disciplined analysis, defined risk, and decisions that can be reviewed after the trade.
Follow the research
Subscribe to receive new trade research, strategy discussions, post-trade reviews, and updates on my work.
Options involve a high degree of risk and are not suitable for all investors. Everything published here is provided for educational and research purposes. Nothing here constitutes investment advice. You remain responsible for every trading decision you make.
Thanks for reading — and welcome aboard.
