Inside the process

A loop you can start on a weekday.

Qi materials start as small as a $500 ROTH EXAMPLE AND A $50 automatic monthly contribution. Your numbers will differ. The shape does not: one 100-share unit, one option contract, premium back into the pile.

Step 1

Open the account

Brokerage or ROTH IRA, per the Qi starter. Have a place the contributions can land.

Step 2

Turn on automatic contributions

A small monthly amount you will not miss. The example in Qi materials is $50. Yours can differ.

Step 3

Practice one unit on paper

Thinkorswim OnDemand or paper money. One 100-share lot covered by a Covered Call or Cash-secured Put (cost set aside), write down first.

Step 1

Open the account

Brokerage or ROTH IRA, per the Qi starter. Have a place the contributions can land.

Step 4

Own one 100-share unit

A stock you woul hold without the option contract. No ticker recommendations in this classroom.

Step 5

Sell the Covered Call

Sell one Covered Call. Fill in the worksheet before you place the order.

Step 6

Reinvest premium + contributions

Premium is not spending money. It goes back toward the next unit.

What we do NOT do

Give stock picks or personal recommendations.
Promise a "set-and-forget paycheck."
Skip paper practice before your first real options trade.
Sell naked calls. Covered means covered: you own the 100 shares first.

Open the loop in the classroom

Covered call — execute the ticket

Own 100 shares you would keep. Sell one call. Write the numbers, then submit.

The walkthrough video now lives in How-To Recordings for members. Log in, then tap the button below to jump straight to it.

Watch: Covered call — execute the ticket →