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Covered Call

Own the stock, sell calls against it. The covered call generates income, lowers cost basis, and defines your exit price. When it works, when it doesn't, and how to manage it.

Three Options Strategies Backed by Decades of Research (And What the Studies Actually Found)

Sep 10, 2026

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7 min read

Three Options Strategies Backed by Decades of Research (And What the Studies Actually Found)

Covered calls, cash-secured puts, and collars: what decades of academic research actually found, with exact numbers, and the fine print the hype machine skips.

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

Aug 9, 2026

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7 min read

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.

Lessons from Past Panics: What Three Historical Volatility Spikes Actually Taught Options Sellers

Jul 30, 2026

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8 min read

Lessons from Past Panics: What Three Historical Volatility Spikes Actually Taught Options Sellers

Dot-com, 2008, and COVID all rewarded disciplined premium sellers. The honest lessons, including what the highlight reel omits about Buffett's trade.

The Covered Call Framework: Delta, Time, and the Decision to Roll

May 24, 2026

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7 min read

The Covered Call Framework: Delta, Time, and the Decision to Roll

Every covered call decision answers one question: what is my exposure now? Andy Crowder's framework for delta, days to expiration, and rolling decisions.

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

May 17, 2026

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11 min read

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.

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

May 14, 2026

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7 min read

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.

The All-Weather Portfolio with Poor Man’s Covered Calls: A Tactical Approach to Consistent Income

May 1, 2026

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5 min read

The All-Weather Portfolio with Poor Man’s Covered Calls: A Tactical Approach to Consistent Income

How to build a resilient income portfolio using Ray Dalio's All-Weather framework with PMCC overlays on TLT, SPY, EFA, and GLD. Real trade example: TLT Jan 2027 $75 LEAPS at $1,545, 3.4% cycle return, 27.2% annualized baseline.

Poor Man’s Covered Call vs. Covered Call: Which Strategy Is Better?

Apr 30, 2026

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5 min read

Poor Man’s Covered Call vs. Covered Call: Which Strategy Is Better?

PMCC vs covered call compared across 5 categories with real MSFT numbers. 14.8% ROI vs 5.2%, $12,500 vs $41,200 in capital, and a direct statistical comparison of every metric that matters.

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

Apr 19, 2026

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11 min read

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.

The Covered Call Strategy: A Complete Guide for Income Traders

Feb 19, 2026

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15 min read

The Covered Call Strategy: A Complete Guide for Income Traders

Master the covered call strategy with this complete guide covering strike selection, IV timing, rolling techniques, and when to avoid covered calls entirely.

Covered Calls on a $3 Stock: A BYND Editorial That Puts the Numbers First

Oct 23, 2025

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6 min read

Covered Calls on a $3 Stock: A BYND Editorial That Puts the Numbers First

Numbers-first guide to covered calls on BYND at $3, clean stat cards, breakeven math, max profit, and practical rules for 30 to 45 DTE cycles.

How to Build Your Own "Options Dividend Portfolio" Using Covered Calls and PMCCs

Oct 19, 2025

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15 min read

How to Build Your Own "Options Dividend Portfolio" Using Covered Calls and PMCCs

Build a systematic options income portfolio. Research-backed covered call and PMCC strategies for retirement income.

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

Oct 9, 2025

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14 min read

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.

Option 101: Covered Calls - Your First Options Strategy for Steady Income

Jul 27, 2025

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10 min read

Option 101: Covered Calls - Your First Options Strategy for Steady Income

How to Turn Stock Ownership Into Monthly Cash Flow Using This Beginner-Friendly Strategy

📚 Options Trading 101: First Steps to Trading

May 18, 2025

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8 min read

📚 Options Trading 101: First Steps to Trading

Weekly Insight: What Is an Option? A Plain-English Guide to Calls and Puts, Through the Eyes of an Option Seller