Short Option School 📖

Dear @nntaleb, Reffering to how hard it is to express antifragility, I just wanted to tell you that in Romanian there is an old expression that refers to the concept of *antifragilility*: “Ce nu te omoară, te face mai puternic” („What does not kill you, makes you stronger”🫡

@benjaminfelix Essentially, these indices that track a portfolio with a perpetually rolled covered call are characterized by lower drawdowns and lower volatility, and the returns are only slightly lower: cdn.cboe.com/resources/indi…. Or, these characteristics may be useful for certain investors :)

@benjaminfelix Amazing work! Thanks for the insights! Have you also looked at the BXM and BXMD indices, created by CBOE? They have a long history (since the 80s) and might be more relevant for comparison purposes.

The idea that covered call funds create "passive income" is financial bullshit. Covered calls mechanically lower expected returns, consistently underperform their underlying equities, and increase risk for long-term investors. They even underperform when income is the goal. ↓

@OptionGrowth What are your plan to mitigate losses if the trade goes against you?

$UNH

This is what I received before my first cycling race 🚴‍♂️ Tomorrow is the start 🇷🇴

People chase “the big trade”. One hit could make them rich. What actually works for me was boring: 👉 Covered calls 👉 Credit spreads 👉 Collecting small, steady premium Consistency beats excitement. Every. Single. Time. 📊 #coveredcalls #creditspreads #optionincome #fintwit

Early in my journey, I wasted money buying options. They looked cheap… until they all expired worthless📉 Then I read McMillan and Natenberg. It changed my perspective: Most options expire worthless → the edge is in selling. That was my turning point. 🚀 #optionstrading

When I first learned about cash-secured puts, it clicked. Instead of chasing stocks higher, I got paid to wait💵 If the stock stayed up → I kept the premium. If it dropped → I bought it cheaper. That’s how I realized: selling #options isn’t gambling, it’s smart #investing.

Option selling won’t make you rich overnight. 🚫 But it can give you: 💵 Monthly cash flow 📉 Lower risk than buying options 🎯 A system you can repeat This is how pros treat the market: As a business, not a casino. 🏦 #optionincome #optionselling #financialfreedom #fintwit

@RolfOptions $TLT, $USO and $GLD

Which symbol do you want me to backtest for cash secured put strategy?

80% of options expire worthless. 📉 Guess who benefits from that? No *seller*. 💰 Option selling is about collecting rent from the market — week after week. 🏦 #options #optionselling #passiveincome #tradingedge

Most traders chase 🚀 big wins. Option sellers chase 💵 steady income. Selling premium = 📈 Small, repeatable gains 🧠 Probability on your side 🔒 Defined risk (if you choose spreads) Consistency beats excitement. Every time. #optionselling #optionincome #fintwit #investing

Risk control isn’t sexy. 🚫🔥 But it’s what keeps you in the game. Credit spreads: ✅ Limit your max loss ✅ Lower margin needed ✅ Keep your learning curve cheap Small risk. Big lesson. 📚 #creditspreads #riskmanagement #optionselling #fintwit

💡 A covered call is basically renting out your stocks. You own the shares. 📈 You sell a call. 💰 You get paid while you wait. It’s the landlord mindset… but for your portfolio. 🏠📊 #coveredcalls #optionincome #optionselling #investing Do you agree, @OptionGrowth ?

@RolfOptions Why don't you sell / mortgage it?

I have a property that is worth ~$300,000 Not renting it out So basically not an asset but liability in business terms If I sell it and use all the amount as collateral for options trading I probably can average $8,000-9,000 a months trading options Cash Secured Puts LEAPS calls

@WheelStrategist Yes, that's why you are a wheeler :) I also do this strategy, but only to $TLT at the moment

@ShortOptionsHQ Absolutely, this is usually my thought process before opening a position. That said, it also depends on whether I actually want to own the stock. If the goal is just to lower the entry price, I might instead sell at a level where I think the price is likely to go!

🎯 Option sellers don’t guess. They sell where the price is unlikely to go. It’s not about being right — It’s about stacking probability in your favor. 📊 Be the 🏦, not the 🎰. #optionselling #probability #tradingmindset #fintwit Do you agree, @WheelStrategist ?

@RolfOptions @WheelStrategist That's one of the goals of this account. Spread the word and explain the advantages of using options

@ShortOptionsHQ @WheelStrategist Very underrated skill that needs to be spread to help more people to get out of poverty

💬 Imagine selling something that you hope becomes worthless. That’s what option sellers do every day. And when it expires worthless, we keep 💰 the premium. That’s the game. No thrill. No fireworks. Just controlled, repeatable income. #optionselling #theta #optionincome

💬 Buyers bet on direction. Sellers bet on probability. 🎯 If you’re selling options, you don’t need to be right — You just need to be smart with risk. 🧠 Get paid to take risk the market is pricing in. That’s edge. Not guessing. #optionselling #probability #riskmanagement