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 most oversold stock on the board just rallied 16.8% into our newest condor. This week: what a tested trade really means, why the decision lives at the 21-day mark, and how the August cycle gets finished one careful trade at a time.
The Ledger Sat Still at $32.63 This Week. Friday Will Not.
8 ETFs Above 50% IVR. SMH at 87% While SPY Sits at 14%. Jobs Missed at +57K. Warsh Testifies This Week. Bank Earnings Begin.
When to Roll, and Which Way
Delta, theta, vega, and gamma operate simultaneously on every position. Here is how to read all four at once using a covered call as the concrete example.
A practitioner's defensive playbook for the poor man's covered call, organized into four layers of hedging with eight practical tactics you can use.
The Van Tharp lesson every options trader has to learn. How to write down what you actually believe, audit your strategy for match, and filter every trade.
A practitioner's framework for trading earnings using expected move, implied volatility, and disciplined position sizing. Trade the reaction, not the report.
Opening a Bull Put Spread
Opening Up a New Position for August Expiration
Rolling the last of the July expiry positions
The delta you sell puts at sets your win rate, your premium, and your entry price. A practitioner's framework for the three delta bands and when to use each.
