Risk Management

Learn how proper position sizing reduces risk, maximizes returns, and helps traders survive market volatility for long-term success.

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Expectancy: The Single Number That Predicts

Learn why win rate is a vanity metric and how to calculate expectancy, the one number that reveals whether your options trading strategy will actually make money.

R-Multiples: The Universal Language of Trading Results

Why professional traders measure performance in risk units, and how this simple shift transforms your trading psychology

The LEAPS Collar: A Smarter Way to Protect Your Position

Learn how to protect Microsoft (and other stocks/ ETFs) using LEAPS collars with $11,770 instead of $40,000. Step-by-step guide with real numbers, strike selection & management.

Three Bearish Options Hedges: Calm Tape, Cheap Fear, and a Useful Moment to Be Boring

Three bearish options strategies to hedge a long portfolio, put spreads, bear call spreads, and VIX call spreads, with realistic examples and practical management rules.

PMCC Management Rules

A practical PMCC management playbook covering LEAPS selection, short call rules, roll triggers, dividend-related assignment risk, and the sizing discipline that keeps capital efficiency from becoming concentration risk.

The Risk Thermostat

Position sizing determines whether your options strategies survive. Learn the Risk Thermostat framework that keeps your portfolio functional when markets turn.

🧠 Risk Management With Options

Learn a research-backed framework for managing risk with options, using put spreads, collars, credit spread hedges, and volatility (VIX) protection to reduce drawdowns without sacrificing long-term returns.

Beta-Weighted Delta: The Risk Metric Most Traders Ignore

Learn how beta-weighted delta reveals hidden market bias in your options portfolio. Includes calculation examples and daily risk management techniques from a pro.

🧠 The "Risk Budget" That Keeps Pros Alive (And Stops Premium Sellers From Overtrading)

You don't need a PhD in math. You need a speed limit for your portfolio, and the discipline to obey it.

🧠 Mental Capital: How Quants Manage Risk (And What Premium Sellers Can Learn)

Quantitative traders don't avoid risk, they measure, price, and size it systematically. Learn the institutional frameworks you can apply to options premium selling.

The Drunk Gambler Who Taught Me Everything About Options Trading

Watch a Vegas craps table reveal the fatal flaw in most options trading: confusing short-term luck with skill. Process beats outcomes every time.

🧠 Mental Capital: Capital Preservation as Offensive Strategy

Not losing money makes you money. Learn why defensive thinking outperforms aggressive speculation and how capital preservation creates compounding advantages in systematic trading.