Moneyball for options income
They teach you the greeks. This course teaches you what the greeks are for — across 49 lessons on reading income and risk like Saber does. Modules 0 and 1 are free; the rest is included with Ultimate.
The Saber Manifesto
- 0.1The Moneyball ArgumentBy the end of this lesson you can explain why two option trades with identical greeks can be opposite bets — and what Saber measures instead.Free
- 0.2The Saber DoctrineBy the end of this lesson you can recite the four commitments of the Saber Doctrine and say which stat carries each one.Free
- 0.3The Saber Oath and the Three ChairsBy the end of this lesson you can name the chair you're sitting in — and say what earns you the right to speak the Saber Oath.Free
Options From Zero
- 1.1What an Option Actually IsBy the end of this lesson you can read an option quote — its ticker, strike, put-or-call, premium, and expiration — and state in dollars what one contract actually costs and controls.Free
- 1.2The Seller's ChairBy the end of this lesson you can state, in dollars, what the seller of an option collects, what they owe, and why the seller's side is the business side of the contract.Free
- 1.3Exercise and AssignmentBy the end of this lesson you can walk through an assignment in dollars — what leaves your account, what arrives, and what you agreed to when you sold the contract.Free
- 1.4Moneyness, and Why Saber Lives OTMBy the end of this lesson you can classify any contract as ITM, ATM, or OTM — and explain why Remora deliberately shows no Saber Score in the money.Free
The Income Seller's Stance
- 2.1The Cash-Secured PutBy the end of this lesson you can price a cash-secured put's income against the full cash it reserves — and say exactly what you were paid to do.Ultimate
- 2.2The Covered CallBy the end of this lesson you can compute a covered call's yield against the call strike you agreed to sell at — no matter what you paid for the shares.Ultimate
- 2.3The WheelBy the end of this lesson you can run one full turn of the wheel on paper — put, assignment, covered call, called away — and read assignment as inventory, not a loss.Ultimate
- 2.4Effective Basis and Defined-Risk SpreadsBy the end of this lesson you can compute your true cost after assignment, and say exactly what capital a credit spread secures.Ultimate
- 2.5The Three Ways Income Selling Goes WrongBy the end of this lesson you can name the three ways income selling goes wrong and spot each one on a screener row before it costs you.Ultimate
The Greeks, In English
- 3.1Delta — The Odds You're SellingBy the end of this lesson you can read a delta as the market's rough odds you'll be assigned — and say what that number does and doesn't decide.Ultimate
- 3.2Theta — The PaycheckBy the end of this lesson you can explain how time decay pays a seller a little every day — and compute a contract's average daily rent.Ultimate
- 3.3Gamma — The Landlord's RiskBy the end of this lesson you can spot a gamma-fragile trade before you sell it — and say why fat near-expiry rent is danger pay.Ultimate
- 3.4Vega and Implied VolatilityBy the end of this lesson you can explain what vega measures, what implied volatility prices, and why the same put pays more in loud weather.Ultimate
- 3.5IV Rank and IV PercentileBy the end of this lesson you can read IV rank and IV percentile and say whether today's IV is high or low for that stock — in its own context.Ultimate
Why Raw Greeks Aren't Enough
- 4.1The Batting-Average ProblemBy the end of this lesson you can explain why a 41% yield can be the worse trade — and name the number that says so.Ultimate
- 4.2The Fragility RevealBy the end of this lesson you can tell a durable put from a knife when their deltas are identical.Ultimate
- 4.3The Efficiency RevealBy the end of this lesson you can break a yield-sort tie by asking what risk each check was paid for.Ultimate
- 4.4The Vol-Quality RevealBy the end of this lesson you can tell a Rich sale from a Thin one when the dollar premiums are identical.Ultimate
- 4.5The Two ScoresBy the end of this lesson you can tell the two 0–100 numbers on a screener row apart — and never sort by the wrong one.Ultimate
The Saber Stats
- 5.1TYE — Theta Yield EquivalentBy the end of this lesson you can compute a trade's TYE by hand and say exactly what that yield does — and does not — promise.Ultimate
- 5.2κ — Theta EfficiencyBy the end of this lesson you can read κ as the answer to one question: am I being paid enough for the assignment risk I'm taking?Ultimate
- 5.3ψ — Theta StabilityBy the end of this lesson you can read ψ as the durability of a trade's income and spot the short-dated, gamma-heavy premium that will not survive a move.Ultimate
- 5.4σ — Volatility Sale QualityBy the end of this lesson you can read the Vol chip, say whether the volatility you are selling is Rich, Fair, or Thin, and apply the Quality-Vol Rule before any other number.Ultimate
- 5.5The Saber ScoreBy the end of this lesson you can read a Saber Score as four weighted components — and explain any score by pointing at the component that made it.Ultimate
- 5.6τ — Total Secured YieldBy the end of this lesson you can state exactly what τ adds to TYE, why the Saber Score leaves it out, and why the app and the /saber calculator can print two different τ's for the same contract.Ultimate
The Saber Workflow
- 6.1The Saber SortBy the end of this lesson you can run a CSP or covered-call screen and rank the whole board by Saber Score, in the app or through MCP.Ultimate
- 6.2Reading the Stat Line Across the Five SurfacesBy the end of this lesson you can read the same trade's Saber numbers on all five surfaces Remora renders them, and know which fields each one shows and hides.Ultimate
- 6.3The Pre-Trade Checklist and SizingBy the end of this lesson you can run a fixed five-check ritual on any candidate before you place it — and name when the disciplined output is to place nothing.Ultimate
- 6.4Entering and Logging the TradeBy the end of this lesson you can separate placing a trade from logging it — and record a filled short put in your Remora portfolio so it becomes a position you can review.Ultimate
- 6.5Managing: Roll, Close, or Take AssignmentBy the end of this lesson you can walk a tested short put through the Roll/Assign Decision Tree — and explain why the portfolio's Saber column still shows its entry shape, not today's.Ultimate
- 6.6The Weekly ReviewBy the end of this lesson you can run a fixed four-step Weekly Review that audits every open position and turns each one into a dated leave, roll, close, or size-down decision.Ultimate
- 6.7The Two AI PathsBy the end of this lesson you can tell which of Remora's two AI assistants answers a Saber question — and why one of them never will.Ultimate
Risk First
- 7.1What Saber Doesn't SeeBy the end of this lesson you can list what the Saber Score deliberately does not check before you trust any single number on a screen.Ultimate
- 7.2Earnings and Event LandminesBy the end of this lesson you can check the earnings column beside every Saber score and decide whether a trade survives the event the score never saw.Ultimate
- 7.3The Liquidity Blind SpotBy the end of this lesson you can price what a wide bid-ask market costs an income trade before you enter it — and name which guards cover the liquidity Saber ignores.Ultimate
- 7.4Assignment, Dividends, and GapsBy the end of this lesson you can name the three ways a short option position changes overnight — early assignment, ex-dividend exercise, and gaps — and why no score warns you about any of them.Ultimate
- 7.5The Entry-Score TrapBy the end of this lesson you can explain exactly why the portfolio's Saber column can't be today's verdict, and where to get today's picture instead.Ultimate
- 7.6Sizing, Concentration, and the No-Trade VetoBy the end of this lesson you can size a three-position book against a real cash balance, spot a concentration breach, and exercise the No-Trade Veto without flinching.Ultimate
Reading the Tape
- 8.1Options Flow versus Live TapeBy the end of this lesson you can say exactly which flow surface your plan includes — and read the aggregate feed without mistaking it for the tape.Ultimate
- 8.2Sweeps and BlocksBy the end of this lesson you can sign any Live Tape print against the NBBO — say whether it was bought or sold — and know exactly what that does and doesn't tell you.Ultimate
- 8.3Flow as Context, Not SignalBy the end of this lesson you can let the tape point you at a ticker without ever letting it overrule the stat line.Ultimate
Capstone — A Saber Month
- 9.1A Saber Month, Week One: Screen, Size, EnterBy the end of this lesson you can open a trading month the Saber way — sort the board, run the checklist, and size the one entry that clears it on a $60,000 account.Ultimate
- 9.2Weeks Two and Three: Manage by the TreeBy the end of this lesson you can take a tested short put through the Roll/Assign Decision Tree and read the portfolio's frozen Saber column for exactly what it is.Ultimate
- 9.3Week Four: Assignment and the Wheel TurnBy the end of this lesson you can carry an assignment through effective basis, covered call, and call-away — and close the month with the Weekly Review.Ultimate
- 9.4The Saber CertificationBy the end of this lesson you can prove the whole method on twelve questions — one from every module, judged the way a month judges you.Ultimate
- 9.5You're a Saber Trader NowBy the end of this lesson you can say the Saber Oath and name the process that earned it.Ultimate