Wealth Building With Options

Ep20 - Square, Level and All Effed Up


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Description:

You wouldn’t build a garden without a plan (or at least you shouldn’t). And you sure as heck shouldn’t place a covered call or cash-secured put without knowing exactly why you’re doing it. 

In this episode, Dan shares a hilariously frustrating story about building a backyard garden with his daughter — and how forgetting one small measurement led to a big headache. Then he breaks down how that same mistake shows up in options trading when traders skip the fundamentals and just “wing it.”

Covered calls and cash-secured puts might seem simple — but if you’re not following this checklist, you’re likely doing it wrong. This episode gives you the must-follow framework to avoid costly errors and start trading with clarity and confidence.

You’ll Learn:

  • The only two valid reasons to place a covered call or CSP — and why anything else is a red flag
  • Why stocks under $30 are usually a waste of time for income strategies
  • What the “10% Rule” is — and how it instantly tells you if your option is tradable
  • How to use theta and “aggregate theta” to maximize your returns over time
  • The rookie mistake traders make by ignoring volatility events like earnings (and how to avoid it)
  • Key Insight:

    “You don’t get to think outside the box until you know what’s inside it.”

    Don’t Miss:

    • Dan’s “Nail the Trade” checklist — the same system he’s been refining for 8+ years
    • Why implied volatility isn’t always make-or-break — and when it is
    • How to line up your trade with your actual investing plan, not just what “looks good”
    •  

      Be sure to read Characteristics and Risks of Standardized Options before investing with options. Options involve risk, only risk capital should be used. 

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