Discover the difference between IV rank and IV percentile and how you can add IV rank to the thinkorswim platform. thinkorswim’s options analytics are built on its institutional roots at TD Ameritrade, now owned by Schwab; for a full feature comparison with Schwab’s web platform, see the Schwab vs. thinkorswim breakdown. Key Takeaways thinkorswim shows…
Iron condors and iron butterflies share the same four-leg structure: a short call spread paired with a short put spread, all expiring on the same date. The difference is where you place the short strikes, and that one design choice changes the profit zone, the max profit, and the volatility environment each strategy thrives in….
If you want to start trading options, I created the ultimate guide to generating income with options in this post. You can also learn about technical analysis for options trading to improve your trade timing. Options Trading Terminology Before you learn how options work, you must know all the basic options trading terminology. If you…
The poor man’s covered call strategy (PMCC) is a fantastic method if you want to trade options for income with minimal capital requirements. The PMCC strategy is a bullish trade; therefore, you should use this strategy when you believe an underlying stock will increase in price. The poor man’s covered call is one of many…
The wheel strategy, also known as the triple income strategy, is a consistent way to generate income on the stock market. The wheel combines trading options with stocks to outperform the classic buy-and-hold investing strategy. What is the Wheel Strategy The wheel options strategy is a method that combines the cash-secured put and the covered…
Stock market wizard Mark Minervini has won two U.S. Investing Championships using a growth-stock momentum methodology called SEPA, built around a strict 8-point Trend Template and the Volatility Contraction Pattern (VCP) breakout. This guide breaks down every part of the system: the SEPA framework, the Trend Template criteria, the VCP setup, the risk rules, and…
Successful trading means staying ahead of the market. Prices change fast, and so do trends. A small delay in information or analysis can mean missed chances or unexpected losses. Traders need to make decisions quickly and with confidence. The right tools can help you work smarter, spot opportunities, and manage risk in real time. Technology…
Skyrocket your productivity with these hacks. What is productivity? Productivity is the ability to create or provide goods and services efficiently. Productivity hacks can benefit everybody because they raise the real income people are making. Increased income allows people to spend more on goods and services. Additionally, businesses become more profitable. Working efficiently leads to…
A covered call is one of the few options strategies that gets pitched to brand-new traders and run by institutions at the same time, and for good reason: it pays you income on stock you already own. The catch is that the same trade that hands you a premium today can cap your upside tomorrow,…
Knowing your breakeven price before you enter a trade is one of the simplest ways to make sharper decisions. Most options traders know the basic formula for a long call or put, but once you start trading spreads or multi-leg strategies, the math changes and many traders skip this step entirely. Here is how to…
Access Our Free Trading Journal, Community & More!
