Picking a strike? Delta is an estimate, not a promise.
Hypothetical: stock $50, cost $48, 30-day calls
$50: delta 0.53, $1.80
$52: delta 0.35, $0.98
$54: delta 0.21, $0.48
More premium, more assignment risk.
Educational only. Not financial advice.
coveredloop.com/metrics-defi…
Covered calls in earnings week:
1. Expires after the report? That's gap risk.
2. Premium not worth the capped upside? Skip a week.
3. Still selling? Sell further out.
4. Near max profit? Close before the report.
Educational only. Not financial advice.
coveredloop.com/insights?utm…
Your memory keeps the wins and quietly deletes the rest.
45 seconds on why we journal every trade: rolls, assignments, plan vs. execution, all in one record. ($3,500 in the video is an example.)
Educational only. Not financial advice.
coveredloop.com/journaling?u…
1% in 7 days isn't 1% in 45 days.
Annualized = premium ÷ capital × 365 ÷ days
Hypothetical, $50 on $5,000 (1.0%):
7 days: 52.1%
45 days: 8.1%
It assumes you could repeat the trade all year. Rarely true.
Educational only. Not financial advice.
coveredloop.com/metrics-defi…
Getting assigned isn't losing. Judge the whole wheel, not each leg.
Hypothetical:
Sell $50 put: +$150
Assigned at $50 (stock at $47)
Sell $52 call: +$100
Called away: +$200
Whole loop: +$450 on $5,000 (9.0%)
Educational only. Not financial advice.
coveredloop.com/covered-call…
See a covered call or wheel tracked as one structure, no broker needed:
Free account + sample book: no card, no usage cap.
Manual book: free for 2 accounts / 25 trades.
Tradier live + paper: $29/mo, $199/yr or $499 lifetime.
coveredloop.com/pricing?utm_…
Took $2,000 out of a $50,000 account and ended at $49,000?
Balance change: −2.0%
Time-weighted return: +2.0%
A withdrawal isn't a trading loss. TWR removes deposits and withdrawals before measuring return. Our max drawdown uses the same rule.
coveredloop.com/metrics-defi…
You made $3,500 in premium this year. Did you actually make money?
Your broker shows trades. A journal shows the truth.
CoveredLoop.com
#coveredcalls #optionstrading #tradingjournal
