Risk Management

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

Expected Move Options Research, Mechanics and Commentary Weekly Update Mental Capital Wealth Without Shares Reports The Income Foundation Trade Alerts Options Income Trading Psychology The Income Foundation Reports The Wheel Strategy The Option Premium Weekly Newsletter Greeks Total Access - The Option Premium Reports Strategy Reports Featured Reports Total Access - The Option Premium Trade Alerts Jade Lizard Covered Strangle Bull Put Spread Bear Call Spread Cash-Secured Puts The Implied Truth Trade Alerts Wealth Without Shares Trade Alerts The Implied Perspective Reports Implied Volatility Metrics Poor Man's Covered Call Strategy Subscriber Pages Educational Corner The Implied Perspective Weekly Update Market Research Earnings Trading Strategy Covered Call Options Fundamentals The Implied Perspective Trade Alerts The Earnings Playbook Risk Management LEAPS Options Trading Psychology Ratio Spreads Collar Strategy The Income Foundation Weekly Update Building an Options Portfolio Credit Spread Probabilities Implied Volatility Data Iron Condor Wealth Without Shares Weekly Update

Retirement Income with Options: Safe Strategies for Seniors

Generate retirement income with options. Expert guide covers risk-defined strategies, position sizing, and realistic returns for seniors seeking steady cash flow.

The Hedge Fund Manager's Guide to Portfolio Protection

How professionals hedge portfolios with options: index put overlays, the beta-weighted sizing formula, tail-risk sleeves, and three complete written playbooks.

Van Tharp's Most Overlooked Lesson

Van Tharp taught that position sizing, not the entry system, is the strategy. The R-multiple framework translated for options, with a worked example.

How to Sell Options Without Blowing Up Your Account

Premium selling wins small and loses big. Learn the three mistakes that sink sellers, the strike and sizing rules that work, and how to manage every trade.

Hedged Equity, Without the Shares: Can LEAPS and Options Lower Volatility and Boost Efficiency?

Why Option-Based Equity Portfolios Might Be the Missing Middle Ground for Investors

Tail Risk: How to Prepare for the Next Black Swan

A plain-English guide to tail risk and Black Swan events: what they are, why most traders underestimate them, and how professionals hedge them cheaply.

Why Position Sizing Is the Most Overlooked Edge in Trading

Position sizing is the most overlooked edge in options trading. The math on consecutive losses, the 2 percent rule, and three rules for every trade.

You Should Study Risk Taking, Not Risk Management

Most traders spend all their energy on what to do after the risk has been taken. The real skill is in how you take risk in the first place. Six gates that determine 80% of the outcome before the trade exists.

Andrew Crowder

Portfolio Beta Weighting: How to Manage Your Entire Options Portfolio as a Single Position

Target beta-weighted delta at 10-30% notional. Beta-weighted theta at 0.1-0.2% per day. Weekly delta check in 2 minutes. Stress test: what a 5% SPY drop costs your portfolio. Rebalancing triggers. The complete framework.

Andrew Crowder

Why Boredom Is the Premium Seller's Greatest Asset

The best investors are comfortable being bored. The law of large numbers requires 200-500 trades to manifest. Sequence risk is what destroys traders before the math catches up. Five structural protections that let the edge work.

Andrew Crowder

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.

Andrew Crowder

Buy Your Umbrella Before the Storm: Why Smart Traders Purchase Volatility Protection When It's Cheap

Academic research proves VIX is a superior hedge that costs 3x less when bought during calm markets. Three practical methods for systematic volatility protection with a 1-2% annual budget.

Andrew Crowder