Week 2 Option Selling Bootcamp — 3-Part Series Overview
- Bobdog
- May 6
- 1 min read
This is a 3-part bootcamp series to give you the complete foundation for selling options profitably. Here’s what each part covers.
Part 2: Reading the Options Chain
Strike selection: OTM vs. ATM, delta as a probability guide. Expiration selection: weekly vs. monthly, balancing premium vs. commitment. Implied Volatility (IV): what it means, why it matters for sellers. Bid-ask spread: liquidity matters — avoid wide spreads. Open interest and volume: signs of an active, liquid options market.
Key Concepts for Options Selling
The Wheel generates income in ALL market conditions (bull, bear, sideways). Your break-even is always lower than the current stock price (cushion from premium). Position sizing is everything: never risk more than 10% per trade. Patience beats prediction: you don’t need to know where the market is going.
Who This Is Options Selling Bootcamp For?
Anyone with $5,000+ in a brokerage account approved for options trading (Level 1 or Level 2). You don’t need to be a finance expert. You need patience, discipline, and the willingness to own stocks you believe in.
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