OptionLeo Options Education Blog
Learn covered calls, cash-secured puts, wheel strategy, implied volatility, options Greeks, earnings risk, and risk management through educational articles.
Why the Market Fell Today: Inside the June 5, 2026 AI Stock Correction
Today's sell-off was not a crash out of nowhere — it was a long-anticipated correction in the most stretched corner of the market: AI and semiconductor stocks. Here is exactly what triggered it on June 5, 2026, the numbers behind the move, and how disciplined options sellers think about days like this.
Read article →Selling Puts to Buy SpaceX (SPCX) Cheaper: Set Your Own Entry Price
If SpaceX (SPCX) spikes on its IPO, chasing it at the top is risky. Selling a cash-secured put lets you name a lower price you would happily pay, collect income while you wait, and buy the stock at a built-in discount if it comes to you.
Trading SpaceX via LEAPs: How to Control SPCX for a Fraction of the Cost
At a projected IPO price near $135, a 100-share block of SpaceX (SPCX) would cost about $13,500 — out of reach for many retail traders. Here is how a deep in-the-money LEAP option can act as a stock replacement strategy, controlling 100 shares for thousands less.
SpaceX Options (SPCX): Launch Date, Selling Puts to Buy Cheaper, and Covered Call Income
SpaceX's market debut is one of the most anticipated IPOs of 2026 — but options on SPCX will not trade on day one. Here is the projected SpaceX options launch date, plus how traders plan to sell puts to buy in cheaper and run covered calls for income.
Covered Calls for Beginners: How They Work, Risks, and Examples
A covered call is one of the most widely used options strategies for investors who already own stock. This guide explains how they work, what happens at expiration, and the key risks every beginner should understand.
Cash-Secured Puts Explained: Getting Paid to Potentially Buy Stock
A cash-secured put lets you collect premium income while agreeing to potentially buy a stock at a price you choose. This guide explains the mechanics, cash requirements, assignment, and the key risks involved.
The Wheel Strategy Explained: Puts, Assignment, Covered Calls, and Risk
The wheel strategy combines cash-secured puts and covered calls into a repeating income cycle. This guide explains each step, the risks, the best types of stocks for this approach, and common mistakes to avoid.
Covered Calls vs. Cash-Secured Puts: What's the Difference?
Covered calls and cash-secured puts are the two foundational strategies for options income education. This guide compares them side by side: capital requirements, assignment risk, income mechanics, and when each may be appropriate.
Options Income Risk Management: Position Sizing, Assignment, and Volatility
Risk management is the foundation of disciplined options income education. This guide covers position sizing, liquidity, assignment risk, earnings risk, volatility, and concentration risk — the concepts that separate disciplined traders from those who get caught off guard.
Understanding Implied Volatility: Why Option Premiums Rise and Fall
Implied volatility (IV) is one of the most important forces driving option premium prices. Understanding it helps you make better decisions about when and which options to sell.
Options Greeks for Income Traders: Delta, Theta, Vega, and Gamma
The options Greeks measure how an option's price changes in response to different market forces. For income traders using covered calls and cash-secured puts, understanding delta, theta, vega, and gamma is essential for managing positions intelligently.
Earnings Risk for Options Sellers: Expected Moves, IV Crush, and Gaps
Earnings reports are the single largest near-term risk event for options sellers. Understanding expected moves, IV crush, gap risk, and assignment risk helps you make more informed decisions about positions around earnings.
How Much Capital Do You Need to Sell Options?
One of the most common questions from new options traders is: how much money do I need? The answer depends on which strategy you want to use and which stocks you are considering. This guide breaks down the actual capital requirements for covered calls and cash-secured puts.
10 Options Trading Mistakes Beginners Should Avoid
Most new options traders make a predictable set of mistakes. Understanding these pitfalls before you encounter them — rather than learning through expensive losses — is the purpose of options income education.
Best Stocks for Covered Calls: What Criteria to Look For
Not all stocks are equally suited for covered calls. Understanding what to look for — liquidity, implied volatility, earnings timing, dividend risk, and fundamental stability — is foundational to a disciplined options income education process.
How to Build an Options Income Strategy: A Framework for Busy Investors
Building a consistent options income strategy requires more than knowing how covered calls and cash-secured puts work. It requires a repeatable process for stock selection, position sizing, risk management, and periodic review — a framework you can apply consistently over time.
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