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.
When a cash-secured put moves against you, the four responses are not equal. Assignment is the default; rolling, strangle, and closing are exceptions.
The Poor Man's Covered Put is a bearish structural mirror of the PMCC. Long-dated LEAPS put plus short OTM put. Capital efficient. Positive carry hedge.
Six steps to placing your first covered call, from checking eligibility through confirming the fill. A complete practical walkthrough with a real options chain example.
Opening a new position
Opening and Closing an Iron Condor
Dot-com, 2008, and COVID all rewarded disciplined premium sellers. The honest lessons, including what the highlight reel omits about Buffett's trade.
Rolling All-Weather into September
Rolling into September Expiration
Rolling Small Dogs into September
RSI works just often enough to fool you. How RSI(2), RSI(7), and RSI(14) together, plus the expected move, time credit spreads without demanding precision.
Three winners come off in nine days, the book climbs to +177.5%, and next week brings the heaviest earnings wall of the season. We go in light, on purpose.
Three ceilings lowered in a single afternoon, $3.46 booked, and what a finished Toast campaign says about the Netflix position we are running right now.
