Options
IV Crush: Why My Puts Lost Money When the Stock Fell 13%
IV crush can make an option lose value even when you are right on direction. A real FSLY trade: the stock fell 13% after earnings and my puts still lost.
Structures
Every options structure fits a different view. These guides compare covered calls, cash secured puts, spreads, iron condors and other structures: what each one pays, what it risks, and which market view it matches. Each comparison uses a real trade, so the trade offs are clear in dollars, not only in theory.
Options
How to Match an Options Structure to a Catalyst: Diagonal Spreads With Real Trades
Pick the expirations around the catalyst that proves the thesis. Three real diagonal spreads, one that worked on ODFL and two that did not on AXP.
Options
Options Strategies Cheat Sheet: 10 Structures on One Page
Ten options structures on one page: the view each one fits, how it is built, max profit, max loss and breakeven, with a real trade for each and a free PDF.
Options
Vertical vs Calendar Spreads: When Each One Fits
A vertical fits a slow move to a target. A calendar lowers the rent on a long option. Two real trades, TMUS and MMM, show when each one fits.
Options
Covered Call vs Cash-Secured Put: Which One to Sell for Income
Two ways to earn income from one stock. A real TTWO trade shows when a covered call wins, when a cash-secured put wins, and how to choose.
Methodology
How to Structure an Options Trade
The core directional and hedging structures, when each one fits, and the trade offs they carry. The second piece in the methodology series.