Options mechanics
Premium, strike selection, expiration, assignment, liquidity, and position structure explained in plain English.
Options
Options insight without the hype.
Belanger Trading options coverage focuses on education, structure, volatility, premium risk, and options-informed market research.
Options desk
Education and research for options-aware investors.
Options can reveal positioning and opportunity, but they can also magnify mistakes. This coverage keeps mechanics and risk visible.
Flow and positioning
Unusual options activity as one clue among several, weighed against price action, catalyst, and context.
Risk discipline
Time decay, implied volatility, sizing, event risk, and scenario planning stay front and center.
Latest Options
May 29, 2026
Selling Puts Explained for Stock Investors
Selling a put pays you a premium today for the obligation to buy 100 shares at the strike price. Here is how the whole family works: cash-secured, naked or margined, at-the-money, far out-of-the-money, and short put spreads, and why the structure decides whether the risk is funded, margined, or defined.
May 29, 2026
Wheel Strategy: How It Works, With Real Numbers
The wheel strategy sells a cash-secured put until you're assigned shares, then a covered call until they're called away, collecting premium at every step. Here is exactly how it works, one full worked example with real numbers, what the two halves have actually paid historically, and the assignment and capital-efficiency risks most explainers skip.
May 29, 2026
Unusual Options Activity: How to Separate Signal From Noise
Unusual options activity is the trail Wall Street leaves before the rest of the market notices. The 4 ingredients, the 3 scans Belanger uses, and how to read it.
May 28, 2026
Cash-Secured Puts: Why They're Not Free Income
A cash-secured put pays you a premium today for agreeing to buy a stock at your price. Here is how the trade works, what 32 years of put-writing data shows about its returns, the blindside risk that does the real damage, and when a defined-risk put spread expresses the same view with less capital.
May 28, 2026
Covered Calls: How They Work and When They Make Sense
A covered call is long stock plus a short call: you collect a premium today and agree to sell your shares at the strike. Here is how the trade works, what the premium really compensates you for, and a two-year Belanger Trading backtest on Realty Income showing when the overlay earns its keep.
Strategy library
Options strategies with plain-English risk framing.
The options library is built for readers who want to understand the structure before they think about the trade.
Income strategies
Covered calls, cash-secured puts, and selling puts.
Education around premium collection, assignment, downside risk, and when income trades can go wrong.
Activity reads
Unusual options activity and what it can mean.
Large flow can be a clue, but the research asks whether the rest of the setup supports it.
Member research
Deeper options research lives inside premium services.
Public education stays open. Protected options research stays in the member Terminal for active members.