Covered Call Lab
Compare covered calls with owning the same shares under the same simulated path. Study premium, assignment, stock downside, missed upside, and total return.
Open Covered Call LabSimulators and tools
Practice the decisions, not just the payoff diagram.
These free educational simulators use simulated prices and money so you can examine assignment, expiration, downside exposure, missed upside, and total account equity.
Cash-Secured Put & Wheel Strategy Lab
Sell a simulated cash-secured put, respond to expiration or assignment, and continue into covered calls after assignment. The simulation pauses at important events.
Open CSP/Wheel LabEducational use only. Options involve risk. A cash-secured put can result in purchasing 100 shares at the strike price, and covered calls can cap upside while leaving substantial stock downside.
Companion resources
Five Questions Before Buying a Covered-Call ETF
A concise checklist covering yield, total return, NAV erosion, upside caps, and bear-market behavior.
Download PDF →Covered Call Risk Research
Monte Carlo experiments examining volatility, delta, holding period, market regime, and opportunity cost.
Read the study →Options Articles
Plain-English discussions of premium, total return, assignment, and selling away upside.
Browse articles →