laptop image

Options 203: Selling Straddles

Optimizing Options 201 and 202

Options 203 builds on the income strategies taught in Options 201 and Options 202 by introducing straddles as a powerful tool for income amplification and advanced repair.

This course teaches you how to combine puts and calls into structured positions that increase efficiency, improve flexibility, and create repair opportunities most traders never consider, all within the 4-hour IADSS framework.

Course Overview

Options 203 is where individual income strategies come together.

Once you understand how to sell puts and calls independently, this course shows you how to integrate them into straddles to optimize capital usage, enhance income generation, and manage positions more dynamically.

Rather than viewing straddles as high-risk trades, you will learn how to deploy them intentionally as part of a structured system, including their use as repair tools when positions move against you.

What You’ll Learn

How straddles work and when they make sense within the IADSS framework

Combining put and call strategies from Options 201 and 202 into unified positions

Identifying optimal straddle opportunities using mean reversion and structure

Using divergence and volatility conditions to time straddle entries

Managing straddles as income-generating positions

Adjusting straddles to reduce risk and improve probability

Implementing straddles as advanced repair strategies

Live market examples using TSLA, Bitcoin and IBIT, NVDA, and other liquid names

Tab image

Why This Course Matters

Many traders learn individual strategies but struggle when markets move sideways, expand in volatility, or reverse unexpectedly.

Options 203 teaches you how to:

  • Amplify income without increasing emotional risk

  • Use structure to stay flexible in changing market conditions

  • Turn complex positions into manageable systems

  • Repair trades instead of abandoning them

These are the same advanced structures and decision rules Laura actively trades in live markets when optimizing income and managing risk.

LIVE Q&A MASTERY

Course Support

Once you've finished course 203, you're eligible to join the live Q&A mastery series.

*For educational discussion only. No investment advice provided.

Explore the Full IADSS Options Mastery Course Path

This course is part of a five-course progressive system built on the proprietary IADSS framework. Each course can be taken individually but is designed to work best sequentially.

Options 201: Selling Cash-Secured and Naked Puts

Understand how and when to sell puts as the first step in building a portfolio for the long run or as a stepping stone to a phenomenal income strategy.

Options 202: Selling Calls

Understand how and when to sell calls versus collars based on your existing portfolio rather than selling calls as part of your income strategy from Option 201.

Options 203: Selling Straddles

Options 203 builds on the income strategies taught in Options 201 and Options 202 by introducing straddles as a powerful tool for income amplification and advanced repair.

Options 301: Synthetic Long and Modified Synthetic Long

Options 301 introduces Synthetic Long and Modified Synthetic Long strategies designed to reduce the capital required to control stock while maintaining structure and discipline.

Options 302: Repair and Capital Preservation Masterclass

Options 302 is the capstone course of the IADSS Options Mastery Series, focused on repairing, optimizing, and preserving capital in Modified Synthetic Long positions using math and probability rather than emotion.

Q&A Sessions: Live Mastery Graduate

An exclusive, small-group live Q&A for graduates of the Options Mastery Series. Bring your toughest questions, execution hesitations, and real-world scenarios—and work through them in real time with guided repetition and immediate feedback.
laura

Meet Laura

Laura (Options Goddess) has traded options for 28 years, teaching traders to exploit math-driven edges and stack odds in their favor. Her strategies deliver consistent profits—even in down markets—via aggressive strikes and ironclad risk control. Students master style-switching and ego-free cuts until the math wins. Trading funds her animal rescue mission.

Frequently Asked Questions

Do I need to complete Options 201 and 202 before taking Options 203?

Options 203 is designed to build directly on the strategies taught in Options 201 and 202. While it can be taken independently, a solid understanding of selling puts and calls is strongly recommended.

Is this course suitable for intermediate traders?

Yes. Options 203 is best suited for traders who already understand basic options mechanics and want to optimize income and manage more complex positions.

Does this course include live market examples?

Yes. The course includes real-market examples using TSLA, Bitcoin and IBIT, NVDA, and other actively traded names.

Are straddles used for income or repair?

Both. You will learn how to use straddles for income generation and as flexible repair tools when positions move against you.

Is this financial or investment advice?

No. All content is for educational purposes only. Please review the disclaimer below.

Ready to Optimize Your Options Strategy?

Combine puts and calls into advanced structures that amplify income and expand your ability to manage risk with discipline.

IMPORTANT DISCLAIMER

I am not a financial advisor or registered investment professional. This course is for educational purposes only and does not constitute financial, investment, tax, or legal advice. All trade examples are illustrative only and are not recommendations to buy or sell any security. Trading involves substantial risk of loss. You are solely responsible for your own research and decisions. By accessing this course, you agree that I and my company bear no liability for any financial losses or damages you may incur.