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Strategy · Options
The Wheel: get paid to wait
Earn income selling options with judgment: the full Wheel cycle — no hype, honest about risk.
A repeatable method to collect premium on your own capital in USD. From understanding what an option is to running the full cycle —Cash-Secured Put and Covered Call— with clear risk-management rules. Intermediate level, explained from scratch and guided by Luz and Niebla.
What you'll learn
- Understand options (calls, puts and premium) with intuition before formulas
- Read volatility (IV and IV Rank/Percentile) to choose when to sell
- Read the Greeks like a cockpit dashboard, with no math
- Run Cash-Secured Puts and Covered Calls step by step
- Chain them into the Wheel on your own capital
- Manage risk and position size to survive the rare event
Course content
- Mindset: income investor, not gambler
- What an option is: call, put and premium
- Volatility: the fuel behind premiums
- The Greeks without formulas
- Why selling has an edge (and on which assets)
- The two building blocks: Cash-Secured Put and Covered Call
- The Wheel, step by step
- Risk management, psychology and continuous improvement