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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Filtered by tag: Covered Call Assignment Preference Levels ×

Delta & Strike Selection

Avoid, Indifferent, Open — What Your Assignment Preference Actually Changes

When you set your assignment preference in the app, you're making one concrete choice: the delta of the covered call the engine targets for you. That single number controls everything else — how much premium you collect, how close your strike sits to the current stock price, and roughly how often...