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Strategy Reports

Long-form research from The Option Premium. Full trade frameworks, probability math, risk analysis, and real setups dissected step by step. Deeper than the weekly newsletter.

Building a Recession-Resistant Portfolio with Poor Man’s Covered Calls

Oct 13, 2026

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7 min read

Building a Recession-Resistant Portfolio with Poor Man’s Covered Calls

Build a recession-resistant Poor Man's Covered Call portfolio: the stocks that held up in five downturns, the allocation, execution rules, and honest limits.

Liquidity: The Lifeblood of Options Trading

Oct 11, 2026

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6 min read

Liquidity: The Lifeblood of Options Trading

The same credit spread pays $10 of friction in SPY and $120 in an illiquid look-alike. The friction ledger, the four filters, and the honest nuances.

The Daily Options Trader Checklist: A Proven Framework for High-Probability Trades

Oct 11, 2026

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6 min read

The Daily Options Trader Checklist: A Proven Framework for High-Probability Trades

A professional daily scan for options traders: IV Rank and Percentile, put/call extremes, layered RSI, setup clusters, and matching strategy to the regime.

Dividend Aristocrats + PMCC: Blue-Chip Income, 25% of the Capital

Oct 8, 2026

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7 min read

Dividend Aristocrats + PMCC: Blue-Chip Income, 25% of the Capital

The ~15 liquid Aristocrats, the two-leg LEAPS recipe, a fully worked Walmart example, the honest cost ledger, and the ex-dividend risk nobody warns you about.

Look in the Mirror: Why Your Biggest Trading Edge Is You

Oct 6, 2026

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6 min read

Look in the Mirror: Why Your Biggest Trading Edge Is You

Same strategy, same win rate: discipline earns $15 a trade while self-sabotage loses $64. The psychology of options trading, priced in real dollars.

Delta Hedging Explained: Manage Risk Without Picking a Side

Oct 4, 2026

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7 min read

Delta Hedging Explained: Manage Risk Without Picking a Side

What delta measures, the sign rule that trips up almost everyone, a full beta-weighted portfolio worked to one number, and the honest cost of neutral.

The Staggered Iron Condor: A Sturdier Way to Sell Premium

Oct 4, 2026

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5 min read

The Staggered Iron Condor: A Sturdier Way to Sell Premium

Stop selling both condor sides in the same minute: staggered entries, rules-based triggers, a laddered book, and the honest costs promoters never itemize.

Is Inflation Here to Stay? How to Profit with Poor Man’s Covered Calls on Gold

Oct 1, 2026

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6 min read

Is Inflation Here to Stay? How to Profit with Poor Man’s Covered Calls on Gold

Maximize returns with minimal capital: a step-by-step Poor Man's Covered Call on GLD, with the full ledger, the financing bill nobody itemizes, and every number visible at entry.

Selling Lottery Tickets: The Art of High-Probability Options Strategies

Sep 29, 2026

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5 min read

Selling Lottery Tickets: The Art of High-Probability Options Strategies

How to Sell Premium, Manage Risk, and Profit from Market Consolidation with High-Probability Options Strategies

The Final Checklist: 6 Gates Before Every Options Trade

Sep 27, 2026

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5 min read

The Final Checklist: 6 Gates Before Every Options Trade

A systematic pre-trade checklist for options traders: IV Rank, sizing, exits, context, liquidity, and the 100-trades question, with the numbers attached.

Why I Rarely Buy a Stock at Its Current Price: The Smarter Way to Invest

Sep 27, 2026

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5 min read

Why I Rarely Buy a Stock at Its Current Price: The Smarter Way to Invest

Selling cash-secured puts pays you to wait for your price. Real AMD math, a 15.5 percent discount, and the one scenario where a limit order honestly wins.

10 Essential Principles Every Successful Options Trader Should Master

Sep 24, 2026

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6 min read

10 Essential Principles Every Successful Options Trader Should Master

A Practical Guide to the Core Concepts Every Options Trader Must Understand to Succeed in Today’s Market

Mastering the Iron Condor: A Step-by-Step Guide to a Defined-Risk Options Strategy

Sep 22, 2026

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7 min read

Mastering the Iron Condor: A Step-by-Step Guide to a Defined-Risk Options Strategy

The complete iron condor guide: set strikes with the expected move, a fully priced SPY example where every number reconciles, and three management rules.

The SPY Collar, Step by Step: How to Lock In Gains and Limit Risk Without Selling Your Position

Sep 20, 2026

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6 min read

The SPY Collar, Step by Step: How to Lock In Gains and Limit Risk Without Selling Your Position

A step-by-step SPY collar walkthrough: sell the call, buy the put, price the band, and finance the hedge, with every trade-off stated honestly.

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.

How to Use RSI to Time Options Trades (Without Fooling Yourself)

Jul 28, 2026

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8 min read

How to Use RSI to Time Options Trades (Without Fooling Yourself)

RSI works just often enough to fool you. How RSI(2), RSI(7), and RSI(14) together, plus the expected move, time credit spreads without demanding precision.

How to Build an Options Portfolio: A Job-Based Allocation Framework

Jun 14, 2026

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15 min read

How to Build an Options Portfolio: A Job-Based Allocation Framework

A job-based framework for allocating capital across options strategies. Five core jobs, two dials, three scenario builds for real portfolios.

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

May 31, 2026

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9 min read

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.

The One Equation That Rewires How You See Every Options Trade

May 7, 2026

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10 min read

The One Equation That Rewires How You See Every Options Trade

Stock + Put = Call + Cash. One equation decomposes every options strategy into the same building blocks. A covered call is a short put with cash. A protective put is a long call with cash. A collar is a bull call spread. Once you internalize it, you stop being a strategy follower and start being a position architect.

Why 0DTE Options Are a Tax on Impatience

May 2, 2026

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8 min read

Why 0DTE Options Are a Tax on Impatience

0DTE options activate the same reward pathways as gambling: rapid feedback, variable rewards, easy re-entry. The behavioral case for 30-60 DTE, where decisions are process-driven and drawdowns are manageable.

The Theta Decay Sweet Spot: Why 30-60 DTE Is Where Premium Sellers Make Their Money

May 2, 2026

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7 min read

The Theta Decay Sweet Spot: Why 30-60 DTE Is Where Premium Sellers Make Their Money

Theta decay accelerates toward expiration. So does gamma. The ratio between them is most favorable between 30-60 DTE. The mathematical case for the professional premium seller's window, with the theta curve, gamma profile, and probability mechanics.

The Trillion Dollar Equation Behind Every Winning Trade

Apr 30, 2026

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11 min read

The Trillion Dollar Equation Behind Every Winning Trade

The Black-Scholes model prices options using one guess: future volatility. That guess is systematically too high. The 3-5 percentage point gap between implied and realized volatility is the premium seller's edge. Six steps to capture it.

How Professional Options Traders Use Multi-Timeframe RSI for 30-60 DTE Vertical Credit Spreads

Apr 26, 2026

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11 min read

How Professional Options Traders Use Multi-Timeframe RSI for 30-60 DTE Vertical Credit Spreads

The 2, 5, 9, and 14-day RSI each serve a specific purpose. The professional's confluence framework for bull put and bear call spread entry timing, plus the supplementary data (IV Percentile, ATR, support/resistance) that sharpens the analysis.

Scaling Up in a Small Account: How to Grow a Sub-$10K Options Portfolio Without Blowing It Up

Apr 25, 2026

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21 min read

Scaling Up in a Small Account: How to Grow a Sub-$10K Options Portfolio Without Blowing It Up

More contracts first. Diversification second. Wider spreads third. The 5-phase roadmap from $5K to $30K+ with specific thresholds for adding complexity, plus the compounding math that makes patience the real scaling engine.

The Jade Lizard: How to Sell Premium With No Upside Risk

Apr 18, 2026

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16 min read

The Jade Lizard: How to Sell Premium With No Upside Risk

A jade lizard combines a short put with a bear call spread. When the total credit exceeds the call spread width, upside risk is zero. 20-30% more premium than a cash-secured put with the same downside exposure. Setup, construction, and management.