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
