What you will walk away with

A completed Risk Appetite Statement: your personal, numerical expression of how much risk your trading system is designed to carry. Plus a two-level boundary table covering trade rules and portfolio rules that you can apply immediately and revisit quarterly.

Risk appetite is one of the most discussed and least operationalized ideas in trading. Most traders know they should have limits. Few have written them down, tested them against their own behavior, or connected them to a set of explicit portfolio-level rules.

This workbook closes that gap. Seven parts. One output: a Risk Appetite Statement that is specific, behavioral, and yours.

Work through each part honestly. Precision matters more than optimism.

Module 2 of 12 in the AdAstra Options Risk Framework.