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.
