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.
I consent to receive newsletters via email. Sign up Terms of service.
Join the Conversation!
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.
A plain-English guide to tail risk and Black Swan events: what they are, why most traders underestimate them, and how professionals hedge them cheaply.
How disciplined traders use delta, theta, and probability to structure income with Poor Man's Covered Calls, without tying up the capital a covered call demands.
A plain-English comparison of the Poor Man's Covered Call and the Wheel Strategy, with a model multi-ETF portfolio built on probability over prediction.
9 ETFs Above 50% IVR. Energy IV Collapsed 22 Points. SMH Surged Back to 87%. Five Equity ETFs at Above 70 RS. The Broadest Overbought Reading Since the Rally Began.
A six-stock Wheel sleeve sized at 3 to 5 percent per position. Selection criteria, strike parameters, and the sequence-of-returns risk.
Delta measures price sensitivity and estimates probability in a single number. Here is what delta is, how to read it, and how income sellers use it to choose every strike they trade.
FOMO is not an emotion, it is a system failure. The research, the six stages, and three pre-commitments to protect your options trading framework.
Sometimes the most important investment breakthroughs come from the most unexpected places.
Want weekly premium instead of one monthly deposit? Learn how to ladder Poor Man's Covered Calls across expirations, sectors, and deltas for continuous income.
Trade Bitcoin with 63% less capital. A step-by-step Poor Man's Covered Call on IBIT using a 605 DTE LEAPS and a 52 DTE short call. Real numbers, defined risk.
Nvidia Beat. The Stock Fell. The Dow Hit a Record. Eight Straight Winning Weeks. And Breadth Recovered.
Former poker champion Annie Duke teaches traders how to preserve mental capital by thinking in probabilities, not absolutes. Learn how to reframe wins and losses like a pro.
