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.
The 2026 book is up 131.6% across 18 trades, and it got there the boring way. This week we cash a winner and start building August, one careful trade at a time.
The First Half Is in the Books. $32.63 in Premium, 35 Positions Closed, and the Wheel Turning Right on Schedule.
9 ETFs Above 50% IVR. XLF Collapsed 52 Points. Financials at Above 70 RS. Biotech at Above 70. Breadth at 2026 Highs.
The Volatility You Are Holding
The VIX sinks 14% to 15.81 and premium thins out. Plus the Nobel Prize research that explains why volatility spikes never last.
Gamma measures how fast delta changes with each stock move. Here is why it spikes near expiration, why it is the biggest risk for short-term sellers, and how experienced traders manage it.
A side-by-side look at low, medium, and high-IV setups, revealing how implied volatility impacts returns, capital efficiency, and strategy selection for monthly income.
Rolling More July Positions into August
Small Dogs
Same bullish view, two very different trades. See how cash-secured puts and bull put spreads compare on capital, return, and assignment risk, and when to use each.
Growth Portfolio (Pick-of-the-Cycle)
Opening Up a New Iron Condor
