Trade Your Options
Practical education for options traders who want to generate income — not gamble.
This site covers the strategies that actually work for independent traders: covered calls, cash-secured puts, the wheel, vertical spreads, iron condors, and the Greeks behind all of them. Every article is written by traders with real skin in the game, aimed at people who understand stocks and want to put their capital to work more efficiently.
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Position Sizing and Portfolio Risk: The Framework Pro Traders Use
Position sizing is the highest-leverage skill in options trading — more important than strategy selection. This article …
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Managing Losing Trades: The Rules That Protect Your Account
Managing losing trades is less about technical skill and more about pre-commitment: setting your exit rules before you e…
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Rolling Options: How to Adjust Positions That Go Against You
Rolling is the primary tool for adjusting live options positions — closing the current position and opening a new one wi…
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The Poor Man's Covered Call: LEAPS as a Stock Substitute
The Poor Man's Covered Call (PMCC) uses a deep in-the-money LEAPS call option to replicate stock ownership at roughly 25…
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Calendar Spreads: Harvesting Time Across Two Expirations
Calendar spreads exploit the fact that theta decay is faster for near-term options than far-term ones. By selling a near…
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Debit Spreads: Directional Bets with Built-In Protection
Debit spreads — bull call spreads and bear put spreads — let you take a directional options position at a fraction of th…