Writing
Notes on structure, risk, and regime.
Short, plain-language posts on options mechanics, position sizing, and reading the market — no hype, no signals.
Strategy
Trading Options on SPY vs. Individual Stocks: What Actually Changes
Same calls, same puts, same Greeks on paper — but the risk underneath is genuinely different. Here’s what changes and why it matters for sizing and management.
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At a Glance
SPYDiversified, lower gap risk
SINGLE STOCKConcentrated, earnings IV crush
KEY DIFFERENCESizing rules shouldn’t match
Strategy
What a Poor Man’s Covered Call Actually Costs You
PMCCs get pitched as cheap leverage. Here’s the full cost structure — extrinsic decay, no dividends, delta drift — nobody mentions.
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.