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.
Closing Trade
Locking in a Return and Moving to July Expiration
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.
Volatility has drained, momentum is stretched, and the calendar is doing the work. Almost time to roll the book forward.
Two new positions opened Monday. WFC recovered above its strike. URA is now the position to watch. The screening universe produced only four names worth a look.
Nvidia Beat. The Stock Fell. The Dow Hit a Record. Eight Straight Winning Weeks. And Breadth Recovered.
Two rolls this week. One defensive, one down. Both explained.
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.
Every covered call decision answers one question: what is my exposure now? Andy Crowder's framework for delta, days to expiration, and rolling decisions.
The Lazy Way Portfolio: How the Small Dogs of the Dow Power a Low-Maintenance PMCC Portfolio
