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Poor man’s covered call: Testing the rules on real SPY quotes
A poor man’s covered call is a covered call where a long-dated, deep in-the-money call option stands in for the 100 shares. You buy that call, sell a…
Tag: volatility
8 posts tagged volatility, newest first.
8 posts · page 1 of 2
Blog
Cash secured put: What 19 years of S&P 500 data say about it
A cash-secured put means you sell a put option and keep enough cash in the account to buy the 100 shares if the stock falls below the strike. You get…
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Covered call: What 24 years of S&P 500 data say about it
A covered call means you own 100 shares and sell someone the right to buy them from you at a fixed price, for a fee you keep. It turns some of a…
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Worst month for stocks: What 55 years of S&P 500 data show
September is the worst month for stocks. From 1971 to 2025 the S&P 500 lost 0.90% in an average September and closed the month higher in only 44% of…
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2024 might be my biggest learning year yet
Another year is over. It was my 8th trading year since I got back to the markets in 2017. As time goes by, it becomes harder to learn much new about…
Blog
Everything between the entry and exit is unimportant
Volatility is good because it puts money to my bank account. Every timeframe has its own path of volatility, but without it stocks wouldn’t move. So…