Build Your Berkshire Masterclass
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Prerequisites - Getting Up to Speed - Understanding the Basics of Stocks and Options
Stocks for Mere Mortals - The Basics
Options for Mere Mortals - The Basics
Options for Mere Mortals - Terminology
Options for Mere Mortals - The Greeks
Building a Baby Berkshire - Overview
Read This First: Chapter 1 of Building a Baby Berkshire
Read This Second: Chapter 2 of Building a Baby Berkshire
Read This Third: Chapter 3 of Building a Baby Berkshire
The Insurance Reinsurance Income System (IRIS) - AKS Put Credit Spreads
What is IRIS and IRIS Rules (PDF)
How to Start a "Mini" Insurance Business through IRIS trades (Put Credit Spreads)
The Options Rental Income System (ORIS) - AKA Poor Man's Covered Call
What is ORIS and ORIS Rules (PDF)
What is the Options Rental Income System (ORIS)?
How is ORIS similar to other short-term rental businesses like AirBNB and Turo?
How is ORIS better than AirBNB and Turo?
Covered Calls (understand this first)
Poor Man's Covered Calls (the foundation of ORIS)
You will lose money on some positions. It's inevitable.
Module 1: Portfolio Construction
Cash is Not Trash - How Much to Keep On Hand
Position Size: Size Matters - Sizing Your Trades
Diversification - The Only Free Lunch
Staggering Positions to Collect Weekly Rent
Module 2: The Right Stocks
Index and Sector ETFs - Preferred for Beginners and Small Accounts
Weekly Options - Prefer Stocks that have Weekly Options
Blue Chip Stocks - Invest in Established Companies (for the most part)
Low Debt - Prefer Stocks With Low Debt
The Four M's of Investing
Module 3: The Right Time
How to Read Charts - Support and Resistance
How to Read Charts - Candlestick Patterns
How to Read Charts - Price Action
Quarterly Earnings Announcements and Other Events
Be Mindful of Early Assignment Risk - Especially Near Ex-Dividend Dates
Module 4: Buying the Right Options for ORIS Trades; Modeling and Placing ORIS Trades
Introduction to Module 4
Buying the Right LEAPS Call Option
Selling the Right Short-Duration Call Option
Using Think or Swim Modeling Tools - Example Trade
Consider Hedges
Consider Selling ITM Options
Consider Adding Shares
Module 5: Monitoring and Adjusting Positions
IRIS and ORIS Trades: Summary of the Five (5) Different Scenarios and What To Do in Each Scenario Generally Speaking
ORIS Trades: What to do when the underlying stock price goes sideways?
ORIS Trades: What to do when the underlying stock price goes up a little?
ORIS Trades: What to do when the underlying stock price goes down a little?
ORIS Trades: What to do when the underlying stock price goes up a lot?
ORIS Trades: What to do when the underlying stock price goes down a lot?
Additional Information for ORIS (PMCC) Trades
When to Close Your ORIS Position
When to roll your near-dated short call option
When to roll your LEAPS call option
Products
Course
Section
Lesson
Consider Selling ITM Options
Consider Selling ITM Options
Build Your Berkshire Masterclass
Buy now
Learn more
Prerequisites - Getting Up to Speed - Understanding the Basics of Stocks and Options
Stocks for Mere Mortals - The Basics
Options for Mere Mortals - The Basics
Options for Mere Mortals - Terminology
Options for Mere Mortals - The Greeks
Building a Baby Berkshire - Overview
Read This First: Chapter 1 of Building a Baby Berkshire
Read This Second: Chapter 2 of Building a Baby Berkshire
Read This Third: Chapter 3 of Building a Baby Berkshire
The Insurance Reinsurance Income System (IRIS) - AKS Put Credit Spreads
What is IRIS and IRIS Rules (PDF)
How to Start a "Mini" Insurance Business through IRIS trades (Put Credit Spreads)
The Options Rental Income System (ORIS) - AKA Poor Man's Covered Call
What is ORIS and ORIS Rules (PDF)
What is the Options Rental Income System (ORIS)?
How is ORIS similar to other short-term rental businesses like AirBNB and Turo?
How is ORIS better than AirBNB and Turo?
Covered Calls (understand this first)
Poor Man's Covered Calls (the foundation of ORIS)
You will lose money on some positions. It's inevitable.
Module 1: Portfolio Construction
Cash is Not Trash - How Much to Keep On Hand
Position Size: Size Matters - Sizing Your Trades
Diversification - The Only Free Lunch
Staggering Positions to Collect Weekly Rent
Module 2: The Right Stocks
Index and Sector ETFs - Preferred for Beginners and Small Accounts
Weekly Options - Prefer Stocks that have Weekly Options
Blue Chip Stocks - Invest in Established Companies (for the most part)
Low Debt - Prefer Stocks With Low Debt
The Four M's of Investing
Module 3: The Right Time
How to Read Charts - Support and Resistance
How to Read Charts - Candlestick Patterns
How to Read Charts - Price Action
Quarterly Earnings Announcements and Other Events
Be Mindful of Early Assignment Risk - Especially Near Ex-Dividend Dates
Module 4: Buying the Right Options for ORIS Trades; Modeling and Placing ORIS Trades
Introduction to Module 4
Buying the Right LEAPS Call Option
Selling the Right Short-Duration Call Option
Using Think or Swim Modeling Tools - Example Trade
Consider Hedges
Consider Selling ITM Options
Consider Adding Shares
Module 5: Monitoring and Adjusting Positions
IRIS and ORIS Trades: Summary of the Five (5) Different Scenarios and What To Do in Each Scenario Generally Speaking
ORIS Trades: What to do when the underlying stock price goes sideways?
ORIS Trades: What to do when the underlying stock price goes up a little?
ORIS Trades: What to do when the underlying stock price goes down a little?
ORIS Trades: What to do when the underlying stock price goes up a lot?
ORIS Trades: What to do when the underlying stock price goes down a lot?
Additional Information for ORIS (PMCC) Trades
When to Close Your ORIS Position
When to roll your near-dated short call option
When to roll your LEAPS call option
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