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.
All-Weather Portfolio - Two Trades
New Trade
Master LEAPS selection with systematic framework: 0.75 to 0.85 delta strikes, 18 to 30 month expiration, extrinsic value analysis. Probability-based approach.
Combine LEAPS exposure with Wheel-style puts and covered calls to stack long-term growth with short-term income, step by step.
Use expected move to choose short-call strikes that pay and protect.
The real holy grail of trading isn't one perfect setup. It's a portfolio of small, defined-risk, positive-expectancy trades where no single outcome can damage your account. Here's the framework.
JPM Takes a Loss, SPY Captures +22.85%, and the Portfolio Resets With a New Hedge
One Expiration. Six Positions. 34 Days.
Fewer Than 30% of Stocks Are Above Their 50-Day. The Premiums Are the Richest All Year.
The Telecom That Could
Learn both sides of call options: when buying calls makes sense for directional leverage and when selling covered calls generates income. Step-by-step examples, the 80/20 approach, and common mistakes.
Learn the probability-based framework for selecting credit spread strikes using delta. Covers the 0.15-0.25 delta sweet spot, how IV environment shifts your target, a 5-step selection process, and a P/L payoff diagram.
