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 quietest tape of the summer paid the book twice. An Exxon trade banked 54% of its premium in five days, gold walked through 400 like an open door, and a full week could not make the tested condor any worse.
Two positions walk into expiration Friday with their outcomes all but written, two roll triggers fired and were closed in the same afternoon, and the screen behind all of it just went quieter than it has been all year.
September Hike Odds: 55% to 34%. The Sell Zone Replaced Three of Four Names. SPY IVR: 9.9%. The VIX's Own Options: 89th Percentile.
This week the ledger arrives in full, and the timing is almost funny: the biggest loser in the book just had its best week of the year. The research on why that combination is dangerous is the whole lesson.
Six steps to placing your first cash-secured put, from confirming cash and stock suitability through placing the limit order and managing the position. Full walkthrough included.
Signals say a market might move. Setups give you repeatable edge. The three filters premium sellers use, with a worked iron condor on a real panic scenario.
Learn how to use the expected move to select strike prices for cash-secured puts and covered calls. Formulas, a worked example, and the pitfalls to avoid.
Closing Two Trades for Profits
Protective puts, spreads, and tail overlays for a PMCC, plus the research on when hedging helps and when a smaller position beats it.
Closing the XOM Bull Put Spread for a Profit
Rolling Two Positions
Retail traders lost about $2 billion on options in under two years. What the research shows, and the quiet statistical edge that actually works.
