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Covered Calls for Income

Generate monthly premium on shares you own — and understand the trade-offs.

Victor NguyenVictor NguyenOptions Strategist, 20 Years in DerivativesIntermediate 21 lessons 2h 34m 4.2 (5)
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Members-only course. This course is included with club membership.

About this course

A complete guide to covered calls. Learn strike and expiration selection, delta targets, rolling, managing assignment, and how covered calls change the return profile of a stock position in rising and falling markets.

What you will learn

  • Select strikes using delta and support levels
  • Choose expirations and manage time decay
  • Roll positions up, out or down
  • Measure annualized yield and opportunity cost

Curriculum

8 modules · 21 lessons · 2h 34m

  1. Module 1

    Introduction

    3 lessons

  2. Module 2

    Core Principles

    4 lessons
    • Options Contracts: Strike, Expiration and PremiumVideo · 9 min
    • Calls and PutsWritten lesson · 6 min
    • Intrinsic and Extrinsic ValueVideo · 9 min
    • Knowledge CheckQuiz · 4 min

  3. Module 3

    Position Structure

    3 lessons
    • Long vs Short OptionsVideo · 9 min
    • Covered CallsWritten lesson · 6 min
    • Cash-Secured PutsVideo · 9 min

  4. Module 4

    Financial Analysis

    3 lessons
    • Reading an Option ChainVideo · 9 min
    • The Greeks: Delta, Gamma, Theta and VegaWritten lesson · 6 min
    • Calculating Break-Even and Return on CapitalVideo · 9 min

  5. Module 5

    Risk Management

    2 lessons
    • Sizing Options PositionsVideo · 9 min
    • Assignment and Early ExerciseWritten lesson · 6 min

  6. Module 6

    Real-World Examples

    2 lessons
    • Example: Selling a Covered CallVideo · 9 min
    • Example: Assignment on a Cash-Secured PutWritten lesson · 6 min

  7. Module 7

    Case Study

    2 lessons
    • Case Study: One Year of Covered CallsCase study · 10 min
    • Debrief: Income vs Opportunity CostWritten lesson · 6 min

  8. Module 8

    Final Assessment

    2 lessons
    • Final AssessmentQuiz · 4 min
    • Applied AssignmentAssignment · 7 min

Your instructor

Victor Nguyen

Victor Nguyen

Options Strategist, 20 Years in Derivatives

Victor spent two decades on institutional derivatives desks before teaching individual investors. His courses emphasize probability, position sizing and risk first.

Stock OptionsIncome StrategiesRisk Management
All courses by Victor

Downloads included

  • Covered Call WorksheetXLSX · included with the course

Member reviews

  • “Changed how I evaluate every deal I look at.”

    DLDerek Lindgren · Sep 12, 2026

  • “Changed how I evaluate every deal I look at.”

    VAValerie Alvarez · Apr 22, 2026

  • “Professional, concise and free of hype. Recommended for any member.”

    TRTrevor Rosenberg · Mar 1, 2026

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