Questions people ask

No. It's how I trade my own capital, shared for education. I'm not a registered adviser, and nothing here is a recommendation to buy or sell anything.

No. I run about 20 accounts: my own, my corp's, and my direct family's. The family accounts are unpaid. It's a responsibility, not a business, and I don't take outside money. The public track record is Khau Capital's account only.

They come straight from Interactive Brokers' PortfolioAnalyst: time-weighted, in CAD, net of commissions, and adjusted for money I added. They're unaudited. Every trading day is on the daily calendar, red days included.

Yes. April was down 7%, my worst single day was −11% (read the post-mortem), and the worst drop from a peak this year was 18%. Selling options means winning small and often and occasionally taking a real hit. The daily calendar shows every red day.

Selling options means collecting small, steady payments and occasionally taking a big loss. A stock can gap past your strike overnight, and a short strangle can lose many times the premium it paid. On margin, your broker can force you out at the worst price. You can lose more than a single trade's premium, and with naked positions, more than you put in. What keeps it in check: position sizing, cutting losers early, delta hedging the book, and active trade management. Those matter more than any entry.

You take delivery of 100 shares at the strike. That's normal, not a failure, if you picked a stock you wanted to own. From there you can sell covered calls on those shares, which is called the wheel.

Mostly short strangles on US-listed stocks and ETFs, about 7 days to expiry, run through my corporation. The names rotate based on volatility and my thesis. Failure Model explains the full process.

My approach, short options about 7 days to expiry, needs attention every trading day. The book has made over 1,500 trades this year. Covered calls or cash-secured puts at 30 to 45 days take far less: checking in a few times a week is usually enough.

Read the beginner guide, then start small with real capital: one position on a stock you'd be fine owning, sized so the worst case won't hurt. An actual position teaches risk in a way reading can't. What you trade is your call; nothing here is a recommendation.

One covered call or cash-secured put needs enough for 100 shares, so a $50 stock needs about $5,000. To spread across a few names, realistically $25k to $50k. Start with one contract either way.

Wealthsimple in Canada, tastytrade in the US. The beginner guide covers why. I use Interactive Brokers for the corporation.

Yes. DM me on Instagram with your question. I answer as time permits. It's general education, not advice on your account. Everything on this site is free.

Because the losses are real and they come in lumps. Most people can't sit through a red month or a stock gapping against them, and many blow up by selling too much once it starts working. The premium is payment for carrying risk other people don't want. It also takes daily attention, unlike putting money in an index fund and leaving it.