Model-literate explainers on the strategies Fischer analyzes — the mechanics, the honest risk, and the math — written for traders who want to understand what they are actually doing.
An option’s time value does not bleed away evenly — it decays on a curve that steepens into expiration, and the steepest stretch is the last two weeks. The Black-Scholes reason, shown, and what it means for option sellers.
Read →Three very different trades hide behind the phrase “selling a put.” An honest risk ranking of all three — and why the one that sounds safest, the covered put, is actually the riskiest.
Read →A covered call is premium income in exchange for a capped upside — and you still carry the stock’s downside, large but bounded. The honest mechanics, and why “covered” means the opposite of what it does in a covered put.
Read →Insights is educational, model-literacy content on options-income mechanics. It is not investment advice, a recommendation, or a solicitation to buy or sell any security — see the full disclaimer below.