Learn
Learn Options Income
Everything you need to start selling options for income — covered calls, cash-secured puts, and the Wheel strategy. Free guides, an interactive calculator, and expert concepts in plain English.
Start Here
The 4-step beginner path
New to covered calls? Follow these in order. Each builds on the last and takes about 5 minutes.
What Are Covered Calls?
The core concept explained in plain English — with a real example using AAPL.
5 min read
Your First Covered Call
A step-by-step walkthrough from picking a stock to placing the trade.
7 min read
Understanding the Risks
What can actually go wrong — and how ThetaScout helps you manage each risk.
5 min read
Covered Call Calculator
Calculate premium yield, annualized return, and break-even for any trade.
Interactive tool
Free Tool
Covered Call Calculator
Enter a stock price, strike, and premium to see your yield, annualized return, break-even, and three outcome scenarios — instantly.
Understand the Fundamentals
Core concepts
Delta Explained
Your probability compass for choosing the right strike price.
Theta Decay Explained
Why time is on your side and how the decay curve works.
Days to Expiration
Why 30–45 DTE is the sweet spot for option sellers.
Implied Volatility Explained
Why the same option costs $2 one week and $5 the next.
IV Rank Explained
The single most important number for timing your entries.
How to Pick Strike Prices
A practical framework using delta, IV, and your goals.
Beyond Covered Calls
Strategies
Keep Learning
Practical guides
Exit Strategies
When to close early, roll, or let expire.
Assignment Explained
What actually happens — and why it's usually fine.
Stocks to Avoid
5 types of stocks that look tempting but will burn you.
Best Brokers for Covered Calls
Schwab, Fidelity, Robinhood, IBKR, and E*TRADE compared.
Covered Calls in Your IRA
Yes, you can. Here's how it works.
How Much Money to Start
What each portfolio size could pay you monthly.
5 Costly Mistakes to Avoid
Real-dollar scenarios showing what goes wrong.
Best Covered Call Stocks 2026
A 6-point framework and 7 stock deep-dives.
Ready to start screening?
ThetaScout finds the best covered call opportunities, warns you about risks, and walks you through every trade. Join the waitlist for early access.
Free early access. No spam, ever.
ThetaScout is a screening tool, not investment advice. Options involve risk and are not suitable for all investors. Past screening results do not guarantee future performance.