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Calls and Puts: The Only Two Things You Need to Know First
Every options strategy ever built, from the simplest covered call to the most sophisticated multi-leg position, begins with one of exactly two instruments. Here is what each one is, how each one works, and why understanding both changes the way you see every trade.
How to Build an Options Portfolio That Can Take a Hit
Five pillars that keep premium sellers in the game: position sizing at 2-5%, uncorrelated positions across 8-12 underlyings, a permanent 20-30% cash reserve, strategy diversification, and a written drawdown plan with pre-committed actions at every level.
Probability of Touch vs. Probability of Expiring ITM: Why Your Short Strike Gets Tested More Often Than You Think
Your platform shows 85% probability of profit. But there's a 30% chance the stock visits your short strike before expiration. Learn the 2:1 rule, how Prob Touch differs from Prob ITM and Prob OTM, and why closing at 50% eliminates remaining touch risk.
The Capital Efficiency Hybrid: How LEAPS, Cash-Secured Puts, and Covered Calls Make Every Dollar Work
LEAPS control stock at 30% of the cost, freeing 65-75% of capital to sell cash-secured puts. When assigned, covered calls generate income on shares. A $50,000 hybrid portfolio runs 10+ income streams where a traditional portfolio runs 3.
