The Option Premium
Whether you're looking to capitalize on market volatility, hedge your portfolio, or explore new trading strategies, we provide comprehensive research, trade ideas, portfolios, and education in an effort to empower options traders of all levels.
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Poor Man’s Covered Calls (PMCCs) use LEAPS to replace expensive stock positions, reducing capital needs by 65 to 85%. Learn how this strategy generates consistent income with flexibility and lower risk.
How to find the best stocks for credit spreads using liquidity, IV rank, IV percentile, and expected move. A step-by-step framework for consistent profits.
Learn Andy Crowder's 5-step earnings options framework: liquidity, IV rank, expected move, historical behavior, and iron condor setup with real Visa trade numbers.
Learn how The Wheel Strategy can boost your portfolio with cash-secured puts and covered calls for steady income and lowered risk.
Learn how to calculate the expected move using implied volatility, place strikes outside the range, and build high-probability credit spreads with real SPY examples.
How the Law of Large Numbers powers probability-based options trading with 70-85% win rates. The math, the strategy, and a real SPY bear call spread example.
Implied volatility rank is the single most practical pre-trade timing tool available to any premium seller, and it takes less than five seconds to check.
A collar protects stock gains by selling a call to fund a put. See the SPY math, the real cost, and when this hedge is worth putting on, and when it is not.
The Wheel sells cash secured puts, then covered calls, for income. See the clean DKNG math, where it wins, and the crash risk the hype leaves out.
June expiration and a few trades
Yes, you can trade options in an IRA. Here are the allowed strategies, the tax edge, and the rules that quietly trip people up, including the wash-sale trap.
The 60/40 portfolio is bruised, not dead. See how options add income, protection, and defined outcomes, and the tradeoff each one quietly asks for.
Opening Trade
The VIX spike faded almost as fast as it arrived. We added one July condor, left the rest on the table, and let patience run the book.
Expiration Week Arrives. Three Puts Point Toward Assignment. One Covered Call Comes Back to Life.
Core rose 0.2 percent. Here is why that mattered more, three days before Warsh's first FOMC.
The Math of Diversification
A job-based framework for allocating capital across options strategies. Five core jobs, two dials, three scenario builds for real portfolios.
