Learn how to run an options income portfolio in under an hour a week.
I share the exact weekly routine, strategies and screeners I use to find and manage trades.
I cover three options income strategies: the wheel, bull put spreads and bear call spreads.
You’ll see how I combine cash-secured puts and covered calls using 180 to 360 DTE positions.
I also cover risk management: the 50% profit rule, rolling near expiration and defined-risk spreads.
Finally, I walk through my Barchart stock screener process, price alerts and after-hours limit orders.
What You’ll Learn in This Video
- Selling cash-secured puts on stocks you’d be happy to own
- Writing covered calls after assignment (the wheel strategy)
- Bull put spreads for capital-efficient, defined-risk options income
- Bear call spreads for neutral-to-bearish markets and elevated implied volatility
- Long-dated premium selling and how time decay (theta) works for you
- Trade management rules: 50% profit-taking, the 7 DTE exit and 21 DTE losing positions
- Setting price alerts for hands-off options portfolio monitoring
- Barchart stock screeners: top-ranked stocks, moving average scans and IV rank filters
- Placing limit orders after hours, then filling them at the midpoint
- Building a secondary income stream around a full-time career
I’ll also walk through some examples using the Interactive Brokers Risk Navigator platform.
If you’re a busy professional looking to build a secondary income stream from options without it taking over your life, this is one of the most practical approaches available.
It’s not glamorous.
It won’t double your account in six months. But applied consistently over time, it works, and it fits around a real life.
Timestamps
- 00:00 Start
- 00:40 Why Most Option Strategies Don’t Suit a Busy Life
- 01:37 The 3 Strategies That Fit a Busy Schedule
- 03:07 The Full Weekly Routine
- 06:10 Using Barchart Scanners to Quickly Find Trades
- 07:40 Who This is Not For
- 08:24 Who it Does Suit
- 08:55 Wrap Up
Featured LEAP Put Selling Video
Why I’m Selling 2-Year Puts (And Why Most Traders Won’t)
Helpful Resources
- CSP Calculator
- Option Wheel Tracker Spreadsheet
- Wheel eBook
- How to Fix Losing Options Trades
- 10-Part Iron Condor Course
- Options Trading 101
- OTIQ Best Articles
- Master Credit Spreads
Related Videos
- Why I’m Selling 2-Year Puts (And Why Most Traders Won’t)
- SOXL is a Trap for Investors – But a Goldmine for Option Sellers
- Why Boring Trades Are the Best Trades (After 22 Years of Options Trading)
- The Options Strategy That Profits Whether the Market Goes Up OR Down
- 5 Options Trading Mistakes That Are Destroying Your Account
- Bull Put Spreads — How to Pick Your Strike and Spread Width Every Time
- How to Fix Losing Options Trades (Cash Secured Puts, Spreads and Condors)
- What to Do When Your Cash Secured Put Goes Against You (Roll It)
- Why Stop Losses DON’T Work for Options (Do This Instead)
- The Exact Strike and DTE Framework for Selling Covered Calls
