Cash-Secured Puts

A Low-Risk Options Strategy to Generate Income While Waiting to Buy Stocks at Your Target Price

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How to Sell Your First Cash-Secured Put (A Complete Step-by-Step)

Six steps to placing your first cash-secured put, from confirming cash and stock suitability through placing the limit order and managing the position. Full walkthrough included.

Andrew Crowder

The Cash-Secured Put: Getting Paid to Buy the Stocks You Want

The cash-secured put earns premium on cash already set aside to buy a stock. Here is how it works, the two possible outcomes, how to choose strikes, and why it beats a limit order.

Andrew Crowder

The Wheel Strategy on Dividend Stocks: A Step-by-Step Framework for Accumulating Shares at a Discount

How disciplined options sellers use cash-secured puts and covered calls to accumulate high-yield dividend stocks at a discount to spot. A step-by-step framework.

Managing a Losing Cash-Secured Put: Assignment Is the Plan, Not the Failure

When a cash-secured put moves against you, the four responses are not equal. Assignment is the default; rolling, strangle, and closing are exceptions.

Three High-Probability Options Strategies for When Volatility Spikes

When implied volatility spikes, premiums inflate across the chain. Three high-probability strategies to convert fear into defined, probability-based income.

The Delta Sweet Spot: A Framework for Selling Puts

The delta you sell puts at sets your win rate, your premium, and your entry price. A practitioner's framework for the three delta bands and when to use each.

Cash-Secured Puts vs Bull Put Spreads: Choosing the Right Tool for Income

Same bullish view, two very different trades. See how cash-secured puts and bull put spreads compare on capital, return, and assignment risk, and when to use each.

When to Sell Puts: Using Breadth, RSI, and Volatility as Your Timing System

Selling puts is not a bullish bet. See how breadth, RSI, and implied volatility tell you when to sell puts into fear, and when to stand down instead.

When Professors Crack the Code: How Taiwan Researchers Just Solved Option Selling's Biggest Problem

Sometimes the most important investment breakthroughs come from the most unexpected places.

You've Been Doing Covered Calls Wrong. Here's the Smarter Way to Think About Them.

A covered call and a short put at the same strike have identical risk profiles. Same P&L at every price. Same Greeks. The only difference: $15,000 in capital vs. $3,000. The risk equivalence that changes how professionals deploy capital.

Andrew Crowder

Cash-Secured Puts Explained: Your Complete Guide to Selling Puts for Income

Learn how cash-secured puts work with a step-by-step example, the 4 structural advantages of selling puts, strike and expiration selection, trade management rules, and position sizing for consistent income.

Andrew Crowder

The Cash-Secured Put: Your First Real Options Trade

Cash-secured puts explained: how to collect premium, buy stocks at a discount, and build systematic income. The foundation strategy every options trader needs.