Options income strategies
"Income" strategies have you sell options: you collect a premium up front and take on an obligation in return. Each stop below explains one in plain English, with made-up examples, a simple payoff chart and what Singapore broker fees do to small premiums.
The CC Line
Seven option income strategies, drawn as a train line. Board at CC1: each stop builds on the ones before it. Interchange stops combine earlier ones.
- CC1Cash-secured putsthe 'easy sell put'Get paid to wait for a lower price on a stock you'd be happy to own.Risk: Moderate
- CC2Covered callsrent out your sharesAlready own 100 shares? Sell someone the right to buy them higher.Risk: Moderate
- CC3The wheelputs, then calls, then repeatCash-secured puts until you're assigned, then covered calls until you're called away. Round and round.Risk: ModerateCombines CC1 + CC2
- CC4Short strangle & straddlebetting on 'nothing happens'Sell a put AND a call. Bigger premium, but losses can be very large. Not for beginners.Risk: High / undefined
- CC5Credit spreads (put & call)selling with a safety netSell one option, buy a cheaper one further out. Smaller premium, but your max loss is capped.Risk: Moderate (defined)
- CC6Iron condortwo spreads, one rangeA bull put spread plus a bear call spread. Profits if the stock stays in a range, with capped risk.Risk: Moderate (defined)Combines CC4 + CC5
- CC7Poor man's covered callcovered calls on a budgetUse a long-dated, deep in-the-money call instead of 100 shares, then sell short-dated calls against it.Risk: Moderate (defined)Combines CC2
Where to find sell-put ideas
We don't publish option prices or trade ideas. Several Singapore brokers have built-in screeners inside their apps that filter options by strike, expiry, premium or probability, using live data you're licensed to see as their customer:
- moomoo SG: Its app has an options screening tool marketed as Easy Sell Put, plus a general options screener and strategy builder. moomoo SG (placeholder referral link) · fees
- Tiger Brokers SG: The Tiger Trade app has an options screener / strategy tools for filtering contracts. Tiger Brokers SG (placeholder referral link) · fees
- Webull SG: Webull's app includes an options screener and a strategy builder. Webull SG (placeholder referral link) · fees
- Interactive Brokers SG: IBKR's platforms include market scanners and options strategy tools (e.g. in TWS). Interactive Brokers SG (placeholder referral link) · fees
Feature names and availability change and may depend on your account's options approval level; check in the app. A screener result is not a recommendation. ⚠ Referral links above are placeholders (not live); if they become affiliate links we may earn a fee at no cost to you (disclosure).