The Option Premium

The Option Premium
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Most Recent Posts, Alerts, Updates

The Wheel After Assignment: When Covered Calls Finally Earn Their Place

Covered calls as a management tool, not an entry strategy. After assignment, systematic call selling reduces cost basis cycle by cycle until the shares are called away at a profit. The complete framework for the second phase of the wheel.

Andrew Crowder

How to Read an Options Chain Without Getting Overwhelmed

The options chain is the single most information-dense tool available to any investor. Most beginners open one and close it immediately. This article turns that reaction into confidence by walking through every column, left to right, in plain English.

Andrew Crowder

Why the Bull Put Spread Is the Defined-Risk Cousin of the Covered Call

The structural bridge between the two strategies most premium sellers run.

Andrew Crowder

The LEAPS Collar: Protecting Your PMCC When Conviction Wavers

A practitioner's guide to protecting a profitable PMCC by using the short call you are already selling to finance a protective put. Three legs. One expiration. No timing mismatch.

The Anatomy of an All-Weather PMCC

The All-Weather PMCC, walked through slowly. The two legs, the math three ways, the four-scenario stress test, and the build mistakes that quietly erode it.

Andrew Crowder