Options Cafe blog - options trading education and strategies

We like to explore, educate, and share ideas involving options trading. Come along with us on
our journey to demystify the complex yet rewarding world of options trading.

Education

  1. Options Trading Taxes: Complete Guide for Active Traders
    Options Trading Taxes: Complete Guide for Active Traders
    A complete guide to options trading taxes for active traders, covering short-term gains, Section 1256 60/40 rules, wash sales, and how each strategy is taxed.
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  2. Covered Call ETFs vs Selling Calls Yourself
    Covered Call ETFs vs Selling Calls Yourself
    A head-to-head comparison of covered call ETFs (QYLD, XYLD, JEPI) versus selling your own covered calls, using my real trade data and historical ETF performance.
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  3. SPY Put Credit Spreads Strategy: Rules and a 91% Win Rate
    SPY Put Credit Spreads Strategy: Rules and a 91% Win Rate
    A rules-based approach to trading SPY put credit spreads with a 91%+ win rate. Entry rules, exit targets, position sizing, and the 2025 drawdown-to-recovery story with real numbers.
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  4. Covered Call Strategy: Earn Monthly Income on Stocks
    Covered Call Strategy: Earn Monthly Income on Stocks
    A complete guide to selling covered calls for income, with real trade examples, strike selection rules, and how covered calls fit into the wheel strategy.
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  5. Best Options Trading Course 2026: An Honest Comparison
    Best Options Trading Course 2026: An Honest Comparison
    An honest, non-affiliate comparison of the top options trading courses in 2026 from a full-time trader with $31K+ in documented results.
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  6. Wheel Strategy With $5,000: A Realistic Guide
    Wheel Strategy With $5,000: A Realistic Guide
    A realistic guide to running the wheel strategy with $5,000 including stock picks, position sizing, and monthly income expectations from real trades.
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  7. 0DTE Opening Range Breakout: Rules & Backtest
    0DTE Opening Range Breakout: Rules & Backtest
    The full rules and backtested results for my 0DTE opening range breakout strategy on SPY, returning 59% over 2 years with a 7.6% max drawdown across 303 trades.
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  8. How I Used AI to Backtest a 0DTE Options Strategy
    How I Used AI to Backtest a 0DTE Options Strategy
    I used AI to brainstorm, prototype, and backtest a 0DTE opening range breakout strategy on SPY in one session. The result: 55% returns over two years with a 7.6% max drawdown.
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  9. Wheel Strategy and Margin: Amplify Your Returns
    Wheel Strategy and Margin: Amplify Your Returns

    Most guides on the wheel strategy tell you to keep everything cash-secured. And honestly, that is the right advice for beginners. But once you understand how put selling actually uses your capital, you realize there is an opportunity to make your money work harder—sometimes dramatically harder.

    I have been trading the wheel strategy for years, with documented results shared openly. Over time I have refined how I manage the cash behind my trades, and in this post I am going to walk you through two approaches I use to amplify my returns beyond just premium income. One is conservative and adds no additional risk. The other is aggressive and requires a specific financial profile to execute safely.

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  10. Cash Secured Puts Strategy: $27K+ Selling Puts
    Cash Secured Puts Strategy: $27K+ Selling Puts
    Learn how to sell cash secured puts for consistent income with this step-by-step guide covering stock selection, strike prices, and risk management.
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