Get started

Glossary · The Cash-Secured Put · O

All terms

Out of the money (OTM) in plain English.

A put whose strike is below the current stock price — it has no value if exercised today.

Try it in the probability calculatorLearn it in the Academy

Track

The Cash-Secured Put

19 terms in this track

Taught in

Choosing your strike with delta

In the index

64 of 100

Filed under O

Connections

8

Related terms mapped below

01

The idea, in context

How to read the picture above and where the Academy teaches it.

Reading the illustration

Strikes around today’s price, drawn for a put: strikes above the price are in the money, below it out of the money.

In French: Hors de la monnaie (OTM)

Where it’s taught

The Cash-Secured Put

Choosing your strike with delta

“Choosing your strike with delta” introduces this term with worked examples, a quiz and the trades around it. The Academy is part of the YieldCove membership.

About the AcademyOpen the lesson (members)

02

8 terms around this one — the words its definition uses, its lesson siblings and the terms that build on it.

  • Used in this definition
  • Same lesson
  • Builds on this term
  • Same track

03

Where to go next

Understand it, try it with real numbers, then track it for free.

GlossaryLook up any termPlain-English definitions with illustrations and the lesson behind each one.Open the glossaryFree toolWheel calculatorPrice a put, a covered call, a roll or a full cycle — payoff, odds and Greeks.Open the calculatorAcademyLearn the wheel properlyA structured course from first option to expert playbook, with quizzes and worked trades.Explore the AcademyFree accountTrack your wheel for freeLog trades, follow assignments and rolls, and see your real income — no card needed.Create a free account

The free YieldCove newsletter

Get The Wheelhouse in your inbox

Three briefings a week — market context, practical wheel-strategy ideas and YieldCove updates. Free to read. Unsubscribe anytime.

Educational only — not financial advice.