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.
Two condors hit the 21 day line on the same Friday. One left with money. One is still on the road.
The book is back to five positions and two expirations, six earnings reports just showed every outcome an option seller gets paid for, and this issue draws the September positions the way the market actually prices them.
NVIDIA Earned $96 Billion in a Quarter and Jumped 8.7%. Ten of Eleven Sectors Fell That Same Day. Then Twenty Minutes in Wyoming Put the September Hike Back On.
The Option Premium relaunches September 21 as one complete platform. Three weeks out. Stay tuned.
The illusion of control quietly bleeds traders. Why you control process, not outcomes, and how to trade the market instead of fighting it.
When the VIX goes quiet, Wheel credits get thin and discipline gets tested. The five-move playbook for low volatility, with the research and honest math.
A long call gives you the right to buy 100 shares at the strike price. Here is what it costs, when it is genuinely appropriate, and when selling premium is the better choice.
Closing the V Iron Condor for a Profit
Adding a New Position
Rolling into October
Time decay quietly erodes option values every day. For sellers, that erosion is income, and understanding exactly how it works is essential for anyone trading options for income.
Why probability, not prediction, should guide every options trade, and why the probability alone is not enough.
