Failure Model

A premium seller's field manual. How I sell options, in 7 layers, each one naming the failure it prevents.

What's inside

1. RegimeHow much to sell right now, and why low VIX means size down.
2. Underlying selectionThe six checks a name must pass. The most important layer.
3. Position sizingCapital as a filter, and why you start with one contract.
4. Structure & timingWhich account, which structure, why about 7 days to expiry.
5. Strike selectionStarting at 20 delta, when to tilt, and earnings.
6. Position managementRoll, hold or cut, and managing the whole book's delta.
7. Risk & marginStress-testing concentration and the vol-spike playbook.

Written for intermediate traders. New to options? Start with Options from zero first.