Get Started with Covered Calls, Secured Puts & Strike Price

📈 What Are Options, Really?

Options are contracts that give buyers the right — but not the obligation — to buy or sell a stock at a specific price, by a certain date. Covered calls and secured puts are two ways to earn income by selling options, instead of buying them.

💰 Covered Calls: Get Paid to Sell Potential Upside

A covered call means you own shares of a stock and sell a call option on it. If the stock stays below your strike price, you keep the stock and the premium. If it goes above, you sell your shares at that strike and still keep the premium.

🛡️ Cash-Secured Puts: Get Paid to Buy Lower

A cash-secured put is when you agree to buy a stock at a lower price in the future, and get paid now for that promise. If the stock drops, you buy it at the agreed price. If not, you just keep the premium.

❗ Why Assignment Risk Matters

If a stock moves past your strike, the option can be assigned — meaning you’ll have to sell (in a call) or buy (in a put). Knowing the assignment probability ahead of time is key to managing risk.

📱 How Strike Price Helps

• ✅ Get real assignment probabilities before placing a trade
• 📊 Balance risk and premium based on your comfort zone
• 📋 Track all your contracts in a single dashboard
• 🔔 Receive alerts if a contract’s risk level changes
• 🎯 Use Target Mode to reach your goals safely

🔍 Want to See How Strike Price Can Help?

In our next article, we walk through a demo run using the Strike Price mobile app. Strike Price in action →

🔍 Want to See It in Action?

In our next article, we walk through a real covered call trade using Strike Price alongside Robinhood and E*TRADE. Read the real-world example →

🚀 Ready to Try It Yourself?

Covered calls and secured puts are powerful strategies for income — and Strike Price makes it easy, clear, and safer. Try it today.