A covered call is a promise to sell 100 shares you already own at a set price by a set date — in exchange, you pocket the premium up front. Here's how it works for both sides of the trade, when it fits, and what to watch out for.

An iron condor is a four-leg neutral options trade — you sell a put spread below the stock and a call spread above it, betting the stock won't move much. Here's how the four legs fit together, why traders sell them, what goes wrong, and how to spot a good setup.

A cash-secured put is when you sell someone the right to sell you 100 shares at a set price, you set aside the cash to cover the purchase, and they pay you up front for the deal. Here's how it works for both sides of the trade, when it fits, and what to watch out for.

A credit spread is a two-leg options trade that monetises a directional view with capped loss — sell one option closer to the money, buy a further-OTM one as a guardrail, collect a net credit. Here's how both bull put and bear call versions work, when they fit, and what goes wrong.

The wheel is a multi-stage options income strategy — sell cash-secured puts on a stock you'd like to own, take assignment if the price comes in, sell covered calls against the assigned shares, hand them back if the price comes up, and start again. Here's how a complete revolution works, when it fits, and how the income compounds across cycles.