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Iron Condors & Butterflies: The Smart Trader's Guide to Probability-Based Income

Iron condors and butterflies explained: how to profit when stocks stay calm using 30-45 day expirations and probability-based strike selection.

Building a Wheel Strategy Portfolio: Step-by-Step Implementation

The wheel strategy generates steady income through cash-secured puts and covered calls. Complete implementation guide with realistic expectations and common mistakes.

The Statistical Edge of Earnings Season: Turning Volatility Into Opportunity

Learn how to trade earnings announcements using a probability-based approach. Discover how to use implied volatility, expected move, and iron condors to profit from the volatility crush that follows every report, without guessing direction.

Andrew Crowder

Options 101: What Is a Protective Put?

The insurance policy every stock investor should understand. Learn what a protective put is, how it caps downside while keeping upside open, and why it’s one of the most important risk management tools in options trading.

Andrew Crowder

Why Rolling a Short Call for a Small Debit Can Strengthen a PMCC

Andrew Crowder

From Steady to High-Octane: Poor Man’s Covered Calls at Different Volatility Levels

A side-by-side look at low, medium, and high-IV setups, revealing how implied volatility impacts returns, capital efficiency, and strategy selection for monthly income.

Andrew Crowder

Three Options Strategies Backed by Decades of Research

Three time-tested options strategies, covered calls, cash-secured puts, and protective collars, explained through respected academic research and real-world application.

Andrew Crowder

When the Market Won’t Pull Back: Lessons from the Bear Call Bleed

Cash-Secured Puts: The Retiree's Secret to Monthly Income

Master cash-secured puts strategy with this comprehensive guide. Learn how to generate monthly income and buy quality stocks at discount prices using this proven options approach.

Andrew Crowder

The Poor Man's Covered Put: A Smarter Way to Profit from Falling Markets

The Capital-Efficient Options Strategy That Pays You to Hedge Your Portfolio Against Market Crashes

Andrew Crowder

The Collar Options Strategy: How to Lock In Gains and Limit Risk Without Selling Your Position

Protecting profits doesn’t have to mean exiting a winning trade. Here’s how to stay in the game while managing downside risk with one of the most underused, but powerful, options strategies.

The Collar Strategy Explained: How Options Traders Can Lock in Gains and Limit Losses Without Selling Shares

A powerful, low-risk options strategy used by professional investors to protect profits, reduce downside, and stay invested with confidence, even during volatile markets.