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 covered call lets stock owners sell a call option against their shares to collect premium. Here is how it works, how to choose strikes, and how to manage the position.
The Poor Man's Covered Call is more flexible than most traders realize. Change the ratio of LEAPS to short calls and the strategy changes character.
Van Tharp taught that position sizing, not the entry system, is the strategy. The R-multiple framework translated for options, with a worked example.
Closing an Iron Condor
Opening New Trades
Closing Our SPY Iron Condor
When breadth narrows and valuations stretch, disciplined traders sell into strength. The case for bear call spreads in overbought markets, with the math.
When implied volatility spikes, premiums inflate across the chain. Three high-probability strategies to convert fear into defined, probability-based income.
Opening a New Trade
The VIX jumped 25% in a week, the chips sold off hard, and our tested BABA condor becomes the best teacher on the book. We also cash trade number 20.
The Dam Opened: $2.62 Booked, the Year at $35.25, and the Wheel Turns Right on Schedule.
SMH Hit 100.00% IV Rank, the Maximum Possible Reading. Semis Fell 10% This Week. CPI Cooled to 3.5%. Energy Took the Leadership. 11 ETFs Above 50% IVR.
