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Income Strategies

Covered calls, cash-secured puts, the wheel and credit spreads.

Intermediate · 5 video lessons · 10 minutes · 5-question video exercise · certificate

What you'll learn

• Turn shares you own into a monthly paycheck with covered calls.
• Get paid to wait for the price you want with cash-secured puts.
• Sell premium with your risk capped, using credit spreads.
• And manage trades like a pro: when to take profits, and when to roll.

Lessons

1. Covered calls (2 min) — Own 100 shares, sell a call, collect income. Learn the three outcomes, the trade-off, and what it doesn't protect you from.
2. Cash-secured puts (2 min) — Get paid to place a limit order. Learn how selling puts works, your effective cost, and the risk of owning a falling stock.
3. The wheel strategy (2 min) — Cash-secured puts and covered calls, on repeat. See a full cycle with real numbers — and where the wheel breaks.
4. Credit spreads: income with a cap (2 min) — Sell premium without unlimited risk. Learn bull put and bear call spreads, max profit, max loss and the honest trade-off.
5. Managing trades & rolling (2 min) — Opening is half the job. Learn the profit-taking, stop-loss and rolling rules income traders actually use.

Exercise and certificate

The course ends with a 5-question video exercise. Submit your answers, see your score and the reasoning instantly, and pass with 80% to earn the Income Strategies certificate.

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