Cash-Secured Puts

About this course

Learn how cash-secured puts work, how to choose underlying stocks you genuinely want to own, how to select strikes and what to do when assigned — including transitioning into covered calls.

What you will learn

• Select stocks and strikes for cash-secured puts
• Calculate return on secured capital
• Manage assignment and rolling
• Combine puts and covered calls

1. Module 1

   Introduction

   2 lessons
   • Welcome to Cash-Secured PutsVideo · 8 min · Free preview
   • Course Roadmap and Completion RequirementsWritten lesson · 5 min · Free preview

2. Module 2

   Core Principles

   2 lessons
   • Options Contracts: Strike, Expiration and PremiumVideo · 8 min
   • Calls and PutsWritten lesson · 5 min

3. Module 3

   Position Structure

   2 lessons
   • Long vs Short OptionsVideo · 8 min
   • Covered CallsWritten lesson · 5 min

4. Module 4

   Financial Analysis

   2 lessons
   • Reading an Option ChainVideo · 8 min
   • The Greeks: Delta, Gamma, Theta and VegaWritten lesson · 5 min

5. Module 5

   Risk Management

   2 lessons
   • Sizing Options PositionsVideo · 8 min
   • Assignment and Early ExerciseWritten lesson · 5 min

6. Module 6

   Real-World Examples

   1 lessons
   • Example: Selling a Covered CallVideo · 8 min

7. Module 7

   Case Study

   1 lessons
   • Case Study: One Year of Covered CallsCase study · 9 min

8. Module 8

   Final Assessment

   2 lessons
   • Final AssessmentQuiz · 3 min
   • Applied AssignmentAssignment · 7 min

Member reviews

• “Good overview; the risk management module was especially valuable.”

  FGFrances Garrison · Jun 20, 2026