Options selling strategy, tools & insights
A share price is a forecast, not a score. What fundamental analysis actually is, the three ways to be right, and why overvalued is never a short thesis.
Valuation multiples explained from both sides: P/E and earnings yield, PEG, EV/EBITDA vs EV/EBIT, price to book, FCF yield — and how value traps form.
Short selling analysis explained: the seven short archetypes, borrow fee and dividend carry math, days to cover, squeeze risk, and the three ways shorts die.
ROIC vs WACC decides whether growth creates or destroys value. The margin stack, how to calculate ROIC, incremental ROIC, DuPont analysis and the Rule of 40.
Reverse DCF explained: solve for the implied growth rate in a stock price, see why terminal value dominates a DCF, and build a range from four methods.
Organic vs acquired growth, price vs volume, net revenue retention and revenue growth per share: how to take a growth rate apart before you pay up for it.
Net debt to EBITDA and the interest coverage ratio explained with worked numbers: safe vs fragile bands, the debt maturity wall, and the cash runway test.
Market cap prices the equity; enterprise value prices the whole business. The EV formula, a worked example, and how dilution quietly shrinks your share.
How to write an investment thesis: a weighted scorecard, a seven-part one-pager, falsifiable invalidation criteria, reward-to-risk math and a pre-mortem.
Insider buying signals, institutional ownership analysis, short interest percent of float, and buyback timing — the ownership data read from both sides.
How to research a stock: the 10-K reading order, the footnotes that matter, earnings call transcripts, unit economics analysis and the moat test.
How the income statement, balance sheet and cash flow statement connect — and how Amazon lost $241m in 2014 while generating $6.8bn of real cash.
Free cash flow quality in three checks: FCF conversion vs net profit, why stock-based compensation is not really non-cash, and the WorldCom capitalization trick.
Earnings quality red flags explained: the accrual ratio, the Beneish M-score, Wirecard's public warning signs, and a 20-item forensic accounting checklist.
Cash conversion cycle explained: DSO + DIO − DPO worked on real figures, why negative working capital self-funds growth, and Peloton's inventory warning.
Capital structure explained with worked figures: how leverage magnifies shareholder returns both ways, a WACC calculation example, and Boeing's buyback lesson.
Capital cycle investing explained: how industry capex vs depreciation predicts booms and busts, why cheap cyclicals are dangerous, plus an interactive lab.
A multi-asset trading journal for stocks, ETFs, options, futures, FX and crypto — expectancy in R with sample sizes and 95% confidence intervals.
A stock fundamentals checklist that scores valuation, momentum, profitability and growth against sector peers — and returns one letter grade per ticker.
Upload OHLC bars to our realized volatility calculator: close-to-close and Yang-Zhang vol, drawdowns, gaps and expected-move tables for strike selection.
Run the wheel start to finish with the Options School's interactive builders: price a cash-secured put, check a covered call against your basis, decide a roll honestly, and spin the full assignment cycle.
The variance risk premium, the 1987 smirk, return skew, and the Sharpe ratio's blind spot — the Options School's Volatility & Skew course, with its interactive simulators embedded.
An options trading plan template built as a live rulebook: per-sleeve entry gates, exits, and position sizes pegged to your NAV so the dollars update.
Most options sellers size trades one at a time and let the portfolio happen by accident. The Portfolio Allocator sets VIX-scaled premium budgets, gates every trade against the whole book, and flags drift before it becomes a problem.
Why premium sellers blow up, and how sizing prevents it: the hidden tail, the over-aggression hump, Kelly criterion intuition, and drawdown arithmetic — with the Options School's interactive simulators embedded.
What an option actually is, before any strategy: calls vs puts, the payoff hockey stick, intrinsic vs extrinsic value, and what happens at expiry — with the interactive mini apps from the Options School's Foundations course.
Delta as share exposure and ITM odds, theta as the seller's paycheck, vega as the earnings ambush, gamma as the hidden accelerant — with the live mini apps from the Options School's Greeks course.
Track your wheel strategy with automatic cost basis, roll handling, IBKR import, and analytics that flag your trading mistakes. Stop losing money to spreadsheet errors.
Import your Interactive Brokers options trades into ThetaHarvester's Wheel Tracker using a Flex Query CSV export. Step-by-step setup guide with screenshots and troubleshooting.
Most options sellers guess at outcomes. A Monte Carlo simulation runs thousands of price paths to show your probability of assignment vs keeping premium — and projects 12 months of income. Here's how it works.
A cash-secured put is more than a limit order with premium. Here's how to evaluate CSP setups across delta, yield, spread, and earnings risk — and run the strategy mechanically.
The wheel strategy combines cash-secured puts and covered calls into a repeatable income loop. Here's how it actually works, when it breaks down, and how to run it mechanically.
Most covered call calculators only show profit and loss. Here's how to evaluate the full picture — delta, premium yield, liquidity, and assignment risk — before entering the trade.
ThetaHarvester grades your options setups before you enter the trade. Here's how it works and why mechanical execution beats gut feeling.