Options Trading Guides

The StrikeScan Blog

Practical guides on selling covered calls, cash secured puts, and the wheel strategy — written by a trader who built the tools.

Cash Secured Put Strategy Guide

The Cash Secured Put Strategy Guide for People Who Actually Want to Get Paid to Wait

Learn the cash secured put strategy the way traders actually use it — find the right strikes fast with StrikeScan's free options screener.

What Is a Cash Secured Put?

What Is a Cash Secured Put? (And Why It's the First Strategy I Teach New Sellers)

A cash secured put lets you get paid to wait for a stock you want to buy. Here's how it works — and how to find the best ones fast with StrikeScan.

Covered Calls for Beginners

How Covered Calls Actually Work (And Why Most Beginners Overthink Them)

New to covered calls? Here's how they actually work — plus a free screener at StrikeScan that finds the best setups across 6,000+ tickers.

How to Sell Cash Secured Puts

How to Sell Cash Secured Puts (And Actually Know What You're Getting Into)

Learn how to sell cash secured puts the right way — strike selection, probability, and when to walk away. Find better trades faster at StrikeScan.com.

Can You Lose Money on Covered Calls?

Yes, You Can Lose Money on Covered Calls — Here's Exactly How It Happens

Yes, you can lose money on covered calls. Here's where traders actually get hurt — and how to screen for better setups before you enter. Try StrikeScan free.

Rolling a Covered Call Explained

Rolling a Covered Call Explained (And When You Probably Shouldn't)

Rolling a covered call sounds like damage control — sometimes it is. Here's how to actually decide, plus a free screener at StrikeScan.com.

Covered Call Assignment What Happens

Covered Call Assignment: What Actually Happens (And What to Do Next)

What happens when your covered call gets assigned? Here's exactly what changes, what doesn't, and what your next move should be.

Is Selling Covered Calls Worth It?

Is Selling Covered Calls Worth It? Here's What the Data Actually Shows

Selling covered calls sounds great in theory. Here's what actually happens to your returns — and how to find the ones worth selling. Free scanner at StrikeScan.

Selling Cash Secured Puts in a Fear Market

Selling Cash Secured Puts in a Fear Market (When Everyone Else Is Running)

Fear spikes IV. That's actually good for cash secured put sellers — if you know where to look. Here's how to find the trades worth selling.

Can You Make a Living Writing Covered Calls?

Can You Make a Living Writing Covered Calls? Here's What the Math Actually Says

Can you make a living writing covered calls? We ran the numbers — here's what actually works, what doesn't, and how to scan for the best setups fast.

Wheel Strategy Example Step by Step

A Real Wheel Strategy Example, Step by Step (With Actual Numbers)

A real wheel strategy example with actual entry points, strike selection, and what happens when it goes wrong. Find your next trade at StrikeScan.com.

Options Wheel Strategy PDF

The Options Wheel Strategy PDF You Actually Need (And What It Won't Tell You)

Most wheel strategy PDFs cover the basics. Here's what they leave out — and the free tool that fills the gap. Start scanning at StrikeScan.com.

Dividend Wheel Strategy Explained

The Dividend Wheel Strategy Explained (And Why Most People Only Do Half of It)

The dividend wheel combines selling puts, dividends, and covered calls. Here's how it works — and how StrikeScan helps you find the right stocks.

MSTR Wheel Strategy

MSTR Wheel Strategy: Running Covered Calls on MicroStrategy to Reduce Cost Basis

How to run the wheel strategy on MSTR — covered calls, cost basis reduction, and what the probability data actually says about running premium on MicroStrategy.

LEAP Covered Calls Strategy Explained

The LEAP Covered Calls Strategy Explained (And Why It's Better Than Buying Stock)

LEAP covered calls let you collect premium without owning 100 shares. Here's how the strategy works — and how to find the right contracts fast with StrikeScan.

Cash Secured Put Calculator Guide

How to Use a Cash Secured Put Calculator (And What Most of Them Get Wrong)

A cash secured put calculator shows you yield and breakeven — but misses probability. Here's what to actually look for, and how StrikeScan fills the gap.

Can You Sell Covered Calls in an IRA?

Can You Sell Covered Calls in an IRA? Yes — Here's What Actually Matters

Yes, you can sell covered calls in an IRA. Here's what the rules actually are, what brokers allow it, and how to find trades worth making at StrikeScan.

Covered Call Option Calculator Guide

How to Use a Covered Call Option Calculator (And What Most of Them Get Wrong)

Most covered call calculators miss the part that actually matters. Here's how to use one right — and where StrikeScan does the math across 50,000+ contracts.

Best Stocks for Covered Calls 2026

The Best Stocks for Covered Calls in 2026 (And How to Actually Find Them)

Most covered call stock lists are guesses. Here's what actually makes a stock good for covered calls in 2026 — and a free tool that scans 50,000+ contracts.

ITM Covered Call Explained

The ITM Covered Call Explained (And Why Most Traders Sleep on It)

An ITM covered call explained plainly — when it makes sense, what you're actually trading away, and how to scan for the best ones fast at StrikeScan.

Best Covered Call Stocks Under $20

The Best Covered Call Stocks Under $20 (And How to Actually Find Them)

Most lists of cheap covered call stocks are outdated. Here's what to actually look for — and a free screener to find them yourself at StrikeScan.com.

Best Options Strategy for Monthly Income

The Best Options Strategy for Monthly Income (And Why Most Traders Pick the Wrong One)

The best options strategy for monthly income depends on your account size, risk tolerance, and market conditions. Here's how to pick the right one.

How to Sell Cash Secured Puts for Income

How to Sell Cash Secured Puts for Income (The Right Way)

A practical guide to selling cash secured puts for consistent income — strike selection, IV timing, and how to find the best setups fast with StrikeScan.

Cash Secured Puts Explained

Cash Secured Puts Explained: How to Get Paid to Wait for a Stock You Already Want

Cash secured puts explained for real traders — what they are, when they work, and how to find the right strikes fast using StrikeScan's free options scanner.

Covered Call Graph Explained

The Covered Call Graph Explained (And What Most Traders Miss About It)

The covered call graph looks simple — but most traders misread the risk side. Here's what it actually shows, and how to use it to find better trades.

Synthetic Covered Call Strategy Explained

The Synthetic Covered Call Strategy Explained (And Why It Beats Holding 100 Shares)

Learn how the synthetic covered call strategy works, when to use it, and how to find the right contracts fast using StrikeScan's free options screener.

When Should You Roll a Covered Call?

When Should You Roll a Covered Call? (And When You Shouldn't)

Rolling a covered call isn't always the right move. Here's when it actually makes sense — and when you're just delaying a loss.

How to Sell Covered Calls on Robinhood

How to Sell Covered Calls on Robinhood (And Actually Find Ones Worth Selling)

Learn how to sell covered calls on Robinhood step-by-step — plus how to find contracts worth selling before you ever open the app. Free tool at StrikeScan.com.

What Is the Wheel Strategy in Options?

What Is the Wheel Strategy in Options? (And Why Most People Run It Wrong)

The wheel strategy explained simply — how it actually works, where people mess it up, and how to find better stocks to run it on with StrikeScan.

Wheel Strategy Spreadsheet

The Wheel Strategy Spreadsheet (Free Download) — And Why I Stopped Using One

Get a free wheel strategy spreadsheet — plus why manual tracking slows you down and what I use instead to scan 50,000+ contracts fast. Try StrikeScan free.

Covered Call Advisor Tools in 2026

The Best Covered Call Advisor Tools in 2026 (And What Most of Them Are Missing)

Most covered call advisor tools show you the same basic data. Here's what to actually look for in 2026 — and why StrikeScan does it differently.

Why Covered Calls Are Bad

Why Covered Calls Are Bad (And When They're Not)

Covered calls get oversold as free money. Here's when they actually hurt you — and the conditions where they make sense. Screen them free at StrikeScan.

S&P 500 Covered Call Strategy

How to Run a Covered Call Strategy on S&P 500 Stocks (Without Guessing on Strikes)

A practical S&P 500 covered call strategy that uses probability data — not gut feel — to pick strikes. Find better setups faster with StrikeScan.

Synthetic Covered Calls Explained

Synthetic Covered Calls Explained (And Why They're Better Than the Real Thing)

A synthetic covered call gives you the same payoff as the real thing — without owning 100 shares. Here's how it works + a free screener at StrikeScan.com.

Free Covered Call Screener

How to Use a Free Covered Call Screener (And What Most Traders Miss)

Most covered call screeners show strikes and premiums. Here's what to actually look for — and a free screener that does the heavy lifting.

Poor Man's Covered Calls Explained

Poor Man's Covered Calls Explained: More Leverage, Less Capital

Poor man's covered calls let you run a covered call strategy without buying 100 shares. Here's how it works — and how to find the right strikes fast.

Buy to Close a Covered Call

When to Buy to Close a Covered Call (And When to Just Let It Ride)

Buying to close a covered call isn't always the right move. Here's how to think through the decision — and find better setups at StrikeScan.com.

Covered Call vs Covered Put

Covered Call vs Covered Put: Same Word, Completely Different Trade

Covered call vs covered put — they sound alike but work nothing alike. Here's the real difference, and how to screen for both at StrikeScan.com.

SPY Covered Calls

SPY Covered Calls: How to Find the Best Strikes Right Now (Without Guessing)

Stop picking SPY covered call strikes by feel. Here's how to use probability data to find the best strikes right now — free screener at StrikeScan.com.

How I Find Options Trades

How I Find Options Trades Each Morning (My Actual Process)

Not theory. This is the exact process I use every morning to find covered call and cash secured put setups — from chart check to scanner to journal.

Deep In The Money Covered Calls

Deep In The Money Covered Calls: The Strategy Most Traders Overlook (And Why It Works)

Deep in the money covered calls aren't just for conservative traders. Here's when they actually make sense — and how to find them fast with StrikeScan.

Average Return Selling Covered Calls

What's the Average Return Selling Covered Calls? (And Why Most Benchmarks Are Lying to You)

Most covered call return estimates ignore the trades that blew up. Here's what the average actually looks like — and how to find better ones with StrikeScan.

Covered Calls Tax Treatment Explained

Covered Calls Tax Treatment Explained (And Why Most Traders Get Surprised at Tax Time)

Covered calls tax treatment is messier than most traders expect. Here's what actually happens — and how to find better trades at StrikeScan.com.

Covered Call and Protective Put Strategy

How to Use a Covered Call and Protective Put Strategy Together (And When to Skip One)

Learn how to combine a covered call and protective put strategy to protect gains and generate income — then scan for setups at StrikeScan.com.

Checklist for Selling CSPs and Covered Calls

My Pre-Trade Checklist for Selling CSPs and Covered Calls (The One I Actually Use)

A real checklist for selling CSPs and covered calls — built from actual trades, not theory. Run yours faster with StrikeScan's free options screener.

Best Stocks for Cash Secured Puts

The Best Stocks for Cash Secured Puts (And How to Actually Find Them)

Not every high-IV stock is worth selling a put on. Here's what actually makes a stock good for cash secured puts — and how to scan for them fast.

Best Stocks for Wheel Strategy 2026

The Best Stocks for the Wheel Strategy in 2026 (And How to Actually Find Them)

Most wheel strategy stock lists are outdated the second they're published. Here's the framework — and the free tool — to find the right ones yourself.

Cash Secured Put vs Covered Call

Cash Secured Put vs Covered Call: Same Trade, Different Entry Point

Cash secured put vs covered call — they're more similar than you think. Here's how to choose between them (and screen for both free at StrikeScan).