Options Strategy: The Wheel
If you've read the two articles before this one: Covered Call: collecting rent while holding stock CashSecured Put: collecting rent while ho…
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How to Connect the IBKR Flex Query API
Create an Activity Flex Query and enter its Flex Web Token and Query ID to automatically sync your IBKR account data.
Rolling Short Puts to Avoid Assignment
Core Idea While some trade the wheel with the goal of being assigned, my goal is to avoid assignments as a short put can be more capital eff…
The Wheel (aka Triple Income) Strategy Explained
Originally Posted on Dec. 4, 2018, Added to r/Optionswheel on Nov. 12, 2024 See Edits at the bottom for updates. Overview I've been asked an…
Options Strategy: Covered Calls — Active Management
In the Covered Call beginner's guide, we introduced it as the first strategy for new traders. That was the "first encounter" version — buy t…
Options Strategy: Covered Calls — A Beginner's Guide
If you could take one idea from this article, I'd want it to be: Many beginners' first options trade is "buy a call on some stock" — which i…
Options Strategy: Cash-Secured Puts
If you already understand Covered Calls, CashSecured Puts (CSP) will feel completely natural. They're two sides of the same coin. Covered Ca…
Options Advanced: Risk Management and Position Sizing
Beginners talk about risk as "don't sell naked" and "don't buy deep OTM." Advanced traders talk about risk as: Risk management isn't "what d…
Options Advanced: Four Ways to Roll
Many traders first hear about "rolling" as damage control before assignment. But rolling is far more than damage control. In an advanced tra…
Options Advanced: Greeks in Practice
In the introductory Greeks article, we covered their basic meanings: Delta: How much the option price changes when the stock moves $1 (speed…
Options Basics: The Four Key Greeks
Many beginners' first reaction to Delta, Gamma, Theta, and Vega is: "I'm here to trade stocks, not take a math exam." Then they skip the Gre…
Options Basics: Three Common Beginner Traps
In futures markets, "margin calls" are a welldiscussed risk. In options markets, there's a quieter and far more common outcome — going to ze…
Options Basics: Buyers vs. Sellers
There's a dividing line in the options world: buyers and sellers. Beginners are often drawn to the phrase "buy a call, limited loss, unlimit…
Options Basics: Calls, Puts, and Payoff Diagrams
Many people's first impression of options is "highrisk gambling," but that's usually a matter of using the tool wrong rather than a problem …
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