Learn covered calls, one lesson at a time.

Twenty short lessons that take you from "what is a covered call" to "I know exactly what I'm doing." Read in order, or jump to any topic you want.

Brand new to options? Start with Lesson 1.

Know what a covered call is? Jump to Lesson 2.

Already placing covered calls? Start with Part 4.

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Looking for something specific? The full library is organized by topic below.

Filtered by tag: Bid Ask Mid Options Trading ×

Floor Prices & Execution

Bid, Ask, and Mid: How Option Prices Work in Practice

Open any options chain and you'll see two prices side by side: the bid and the ask. They're never the same number, and the gap between them is the first thing to understand before placing a covered call order.