How to Choose the Right Expiration Date for Covered Calls

TL;DR Covered call expiration date selection is the single biggest lever in your monthly income — bigger than strike, ticker, or volatility. The 30 to 45 day window is the sweet spot where theta decay accelerates without runaway gamma risk. Weeklies pay more on an annualized basis but demand active management and trigger more whipsaws.… Continue reading How to Choose the Right Expiration Date for Covered Calls

Options Greeks Explained for Covered Call Writers: Delta, Theta, Vega

TL;DR Options Greeks for covered call writers come down to four numbers that decide your monthly income: Delta, Theta, Vega, and Gamma. Delta sets your assignment probability and strike selection. A 0.30 to 0.40 delta is the standard income-focused sweet spot. Theta is the daily rent the option buyer pays you. The 30 to 45… Continue reading Options Greeks Explained for Covered Call Writers: Delta, Theta, Vega