Strategy Guides
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Calendar Spread Strategy: How to Profit from Time Decay Without Direction
A calendar spread gives you a defined-risk way to profit from time decay without needing the stock to move. You sell a short-dated option and buy a longer-dated option at the same strike, collecting the difference in premium. The near-term option decays faster, and if the stock sits still, you keep that decay as profit.…
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High-VIX Options Strategies: A Framework for Elevated-Volatility Markets
VIX above 30 changes the calculus for options traders. This guide covers how premium sellers evaluate iron condors, cash-secured puts, and position management in elevated-volatility markets.
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Cash-Secured Put: How It Works and When to Use It
The cash-secured put is often described as getting paid to buy a stock you want. Here is what that actually means, a hypothetical example, the real risks, and when the strategy makes sense.
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Iron Condor Strategy: How to Trade It and When It Works
The iron condor is a four-leg options trade that profits when a stock stays within a range. Here is how to construct one, a hypothetical example, and how to manage it.