Manage Puts and Calls: Earn Recurring Income with Options
What you'll learn
- Use puts, calls, dividends and capital gains to generate income and boost your returns.
- Decide whether to do nothing, roll, or close an option contract.
- Calculate annualized returns on options trades.
- Create a personalized spreadsheet for ongoing trading records.
- Find your breakeven point and determine profits and loss on a long-term campaign.
- Analyze and plan for potential outcomes of an option trade.
- Learn to roll straight out, roll down, roll up, or expand a trade.
Requirements
- Know how to sell cash secured puts and covered calls.
- Have access to a brokerage account with options trading privileges, or a simulated account for practice.
Description
What if a trade doesn’t go the way you hoped?
This course helps you answer that question with skill and confidence—especially as your options contracts approach expiration.
You'll learn how to manage cash-secured puts and covered calls to generate recurring income, even when trades move against you. When you sell options backed by sufficient collateral (shares or cash), time decay works in your favor. The key is knowing how to manage your positions as expiration nears.
What You’ll Learn
How to roll, close, or let options expire—and how to decide which path is best
How to calculate annualized returns and compare choices across different expiration dates
How to track your trades with a custom spreadsheet (I’ll show you the formulas or direct you to a pre-built one)
How to factor in dividends, breakeven points, and extrinsic vs. intrinsic value when adjusting a position
How to earn recurring income safely—even when your trade doesn’t go as planned
Real-World Project
You’ll apply what you’ve learned to a hypothetical trade with both a cash-secured put and a covered call on the same stock. You’ll:
Enter the trade details in a spreadsheet
Analyze potential outcomes
Decide what action (if any) to take
Justify your management plan using your new tools
Who This Course Is For
This course is designed as a follow-up to my beginner-friendly options classes on cash-secured puts and covered calls, but you’re welcome to dive in if you’re already comfortable selling options and want to learn how to manage them at expiration.
About Your Instructor
I’m Patricia Saylor, founder of Saylor Financial Fundamentals and author of The Novice Investor’s Guide to Stocks, Funds, and Options. I’ve taught students from over 60 countries through Udemy, 1:1 coaching, and seminars. I specialize in helping novice investors understand options trading clearly and confidently—without hype.
If you're ready to turn your options knowledge into recurring income and real results, let’s get started.
Who this course is for:
- Investors who utilize cash secured puts and covered calls to build and strengthen a long-term portfolio.
- Options traders who are interested in managing risk.
- Options traders who would like to learn ways to manage positions that go in the money before expiration.
Instructor
- 4.7 Instructor Rating
- 185 Reviews
- 840 Students
- 6 Courses
I'm Patricia Saylor, a retired educator turned investing teacher and the author of The Novice Investor’s Guide to Stocks, Funds, and Options. I specialize in making stock market investing and safe options trading easy to understand—even for total beginners.
My mission is simple: to help people like you invest with confidence by teaching the fundamentals clearly, patiently, and without hype. If you’ve ever read an article or watched a video about investing and felt overwhelmed or confused, you’re exactly who I create content for.
I'm the founder of Saylor Financial Fundamentals and Head of School at Solterra Way Cottage School, where I provide educational assessments, academic support (and swimming lessons!) to private students.
After retiring from a 30-year career in public education and administration, I grew both of my small businesses from side hustles into main gigs.
I have an MA in Linguistics from Gallaudet University and a BA in Spanish and Education from UNC-Chapel Hill. I'm conversant in Spanish and fluent in American Sign Language.
Unlike most financial educators, I was a teacher before I became an investor. I built a second career writing books, conducting seminars, and coaching students 1:1 from all over the world. I love hearing how my content helps people grow their confidence and build wealth through practical, low-risk investing.