The mechanics underneath everything else — what you’re actually buying and selling, and how the Greeks describe its behavior.

• Calls, puts, and what “the right, not the obligation” really means
• Delta, theta, vega, gamma — in plain terms, not formulas
• Implied volatility vs realized volatility
• Assignment, exercise, and expiration mechanics

Structures for generating consistent theta income while staying long-vega — the core of a mechanical system.

• Poor Man’s Covered Calls (PMCC) and LEAPS-based diagonals
• Calendar spreads and DTE optimization
• Staggered expiration laddering
• Credit spreads: width, probability, and payoff tradeoffs

The part most educators skip. Sizing and hard limits are what separate a system from a gamble.

• Book-level loss caps and per-position sizing
• “Same underlying, same direction” correlation traps
• When and how to roll — DTE and extrinsic-value triggers
• Managing the trade that goes badly wrong

A practical framework for gauging market conditions before you put a trade on — not predicting, just reading.

• Moving averages as a directional filter
• Using VIX to confirm (not chase) price action
• When NOT to sell calls
• Regime shifts: what changes your rules and what doesn’t