Option Strategy Lab articles

Plain-English notes before you risk real money or trust an online claim.

Articles here connect the site's books, tools, and simulators. The aim is practical judgment: understand the tradeoff, check the claim, then decide whether the idea deserves more attention.

Latest research article Volatility sensitivity chart comparing buy-and-hold and covered-call loss probabilities

Do Covered Calls Really Reduce Risk?

Five Monte Carlo experiments test how a single covered call changes short-horizon loss probability, dispersion, and upside opportunity cost.

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This page will become the home for short essays and announcements tied to the site's tools, books, and retirement-income guides.

Pilot research · Covered calls

Do Covered Calls Really Reduce Risk?

Five controlled Monte Carlo experiments examine baseline conditions, volatility, simulator delta, holding period, and market regime using the free public Covered Call Simulator.

Cash-secured puts · Wheel strategy

Cash-Secured Puts or the Wheel? Try Both in a Free Interactive Simulator

A practical introduction to cash-secured puts, assignment, covered calls after assignment, and the decisions that drive a complete Wheel rotation.

Covered calls

Covered Calls: Income, or Just Selling Away Some Upside?

A short introduction to the core covered-call tradeoff: premium is real, but so are capped upside and remaining stock risk.

Educational information only. Nothing on this site is financial, investment, legal, tax, or medical advice. Options involve risk. Covered calls cap upside and do not remove stock risk.