Options Learn
Learn the wheel, one clear lesson at a time.
Short primers on cash-secured puts, assignments, and covered calls. New posts appear here as we publish them.
Published July 26, 2026
Options 101: the concepts, explained with pictures
A visual introduction to options: calls and puts, strike, expiration and premium, buyers versus sellers, moneyness, and how it all leads into the wheel.
Read article →Published July 23, 2026
What is delta? The greek that tracks price moves
Delta explains how much an option's price moves when the stock moves $1 — and doubles as a rough probability of finishing in the money and a shares-equivalent hedge ratio.
Read article →Published July 20, 2026
Wheel strategy basics: CSP → assignment → CC
A plain-language walkthrough of the options wheel: selling cash-secured puts, getting assigned shares, and writing covered calls until shares are called away.
Read article →