Notes on structure, risk, and regime.
Short, plain-language posts on options mechanics, position sizing, and reading the market — no hype, no signals.
What a Poor Man’s Covered Call Actually Costs You
The tradeoffs nobody mentions when they pitch PMCC as “cheap leverage” — theta drag, assignment risk, and what happens when both legs go in-the-money at once.
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Sizing Rules I Wish I’d Had Five Years Ago
A hard book-level loss cap, one tent per direction, and the math behind both.
Read post →Reading VIX Without Overreacting to It
Why confirmation matters more than the headline number — and what a spike actually tells you.
Read post →Long-Term vs Short-Term: The Options Tax Trap
How qualification dates on LEAPS change your rolling decisions — and the money left on the table by ignoring them.
Read post →Calendars vs Diagonals: Picking the Right Tool
Same-strike time decay vs directional skew — when each structure actually fits the setup.
Read post →The 21 DTE Rule, Explained
Why extrinsic value decay accelerates near expiration, and what that means for when you roll.
Read post →Moving Averages as a Directional Filter
A simple rule for when NOT to sell calls — and why “the trend is your friend” still holds up.
Read post →Educational content only. Nothing on this site is investment advice or a recommendation to buy or sell any security. Options trading involves substantial risk and is not suitable for every investor.