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Intermediate8 chapters · ~10 min readStarter+
Income StrategiesCovered Calls, Puts & the Wheel
How to generate income with options — covered calls, cash-secured puts, the wheel, collars and defined-risk credit spreads — with the real trade-offs of each.
Selling options can turn stocks you own (or want to own) into an income stream. It also comes with trade-offs that marketing videos rarely mention — capped upside, assignment, and the risk of collecting small premiums while holding large downside. This course covers both sides so you can use income strategies deliberately. It assumes you've completed Options 101.
Course contents
- 01How Option Income WorksYou're getting paid to take on an obligation — know exactly which one
- 02Covered CallsRent out your shares — and accept a ceiling
- 03Cash-Secured PutsGet paid to wait for a lower entry price
- 04The WheelPuts until assigned, calls until called away, repeat
- 05CollarsIncome plus a floor: trading upside for protection
- 06Credit Spreads for IncomeDefined-risk premium selling
- 07Managing Income PositionsRolling, assignment, early exercise and when to just close
- 08Choosing What's Right for YouMatching income strategies to your account and goals
- GLGlossary18 key terms from this course
- →What's NextWhere to go after this course