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Options Strategies for Income

Credit spreads, iron condors and the wheel — defined-risk income approaches.

Victor NguyenVictor NguyenOptions Strategist, 20 Years in DerivativesAdvanced 21 lessons 4h 16m
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About this course

Expand beyond covered calls and cash-secured puts. Learn vertical credit spreads, iron condors and the wheel strategy, with rules for entry, adjustment and exit.

What you will learn

  • Construct bull put and bear call spreads
  • Build and manage iron condors
  • Run the wheel strategy systematically
  • Set profit-taking and loss rules

Curriculum

8 modules · 21 lessons · 4h 16m

  1. Module 1

    Introduction

    3 lessons

  2. Module 2

    Core Principles

    4 lessons
    • Options Contracts: Strike, Expiration and PremiumVideo · 15 min
    • Calls and PutsWritten lesson · 10 min
    • Intrinsic and Extrinsic ValueVideo · 15 min
    • Knowledge CheckQuiz · 6 min

  3. Module 3

    Position Structure

    3 lessons
    • Long vs Short OptionsVideo · 15 min
    • Covered CallsWritten lesson · 10 min
    • Cash-Secured PutsVideo · 15 min

  4. Module 4

    Financial Analysis

    3 lessons
    • Reading an Option ChainVideo · 15 min
    • The Greeks: Delta, Gamma, Theta and VegaWritten lesson · 10 min
    • Calculating Break-Even and Return on CapitalVideo · 15 min

  5. Module 5

    Risk Management

    2 lessons
    • Sizing Options PositionsVideo · 15 min
    • Assignment and Early ExerciseWritten lesson · 10 min

  6. Module 6

    Real-World Examples

    2 lessons
    • Example: Selling a Covered CallVideo · 15 min
    • Example: Assignment on a Cash-Secured PutWritten lesson · 10 min

  7. Module 7

    Case Study

    2 lessons
    • Case Study: One Year of Covered CallsCase study · 16 min
    • Debrief: Income vs Opportunity CostWritten lesson · 10 min

  8. Module 8

    Final Assessment

    2 lessons
    • Final AssessmentQuiz · 6 min
    • Applied AssignmentAssignment · 13 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
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