Introduction - Academy

What this academy is for

This Academy is for investors with basic stock knowledge who want to understand selling covered calls and cash-secured puts. Start with the contract, learn its payoff, then compare strikes, expirations, and position sizes.

The learning path

The modules move from basic definitions to complete workflow design.

Foundations and mechanics: vocabulary, obligations, and expiration outcomes.
Framework and strategies: compare contracts, size positions, and plan exits.
Applied lessons: follow a complete example and deepen your understanding of the Greeks.
Optional advanced path: gamma and the two GEX views. Tool guides and the glossary are available at any point.

Common misconception

Myth: If the strategy is common, it must be conservative.
Reality: Covered calls and CSPs are common because they are understandable, not because they remove risk. The investor still has stock exposure, assignment risk, and decision risk.

Key takeaway

Covered calls and cash-secured puts can generate premium income, but only when the investor understands the obligation and applies a structured process.