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 puts is bullish stock-like exposure, not safe income. Here is how the whole family works — cash-secured, naked, 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 and Why It's Often Misunderstood
The wheel strategy sounds like a disciplined income machine. It is usually just cash-secured puts and covered calls stitched into a loop — one that can quietly turn into owning losers and selling away winners. Here is how the wheel actually works, why it can underperform, and the cleaner structures to consider instead.
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 is funded risk, not safe income. Here is how the strategy actually works, the downside most beginners miss, why it can lag a bull market, and when a defined-risk put spread is the smarter way to express the same view.
May 28, 2026
Covered Calls: How They Work and When They Make Sense
A covered call is long stock plus short volatility. You collect premium, but you give away the upside and keep most of the downside. Here is how the strategy really works, what the premium pays you for, and a Belanger Trading backtest showing when it can enhance returns on the right stock.
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.