Jason Luongo – The 6 Figure Options Framework

Most options traders learn strategies in isolation. They watch a YouTube video on cash-secured puts. They read a thread on LEAPs. They try the wheel because someone on Reddit said it was free money.

Then they lose money because they never learned how the pieces fit together.

The Options Playbook is the system I use to trade options every week. Not a collection of definitions. Not theory you’ll forget by tomorrow. A complete framework for deciding which strategy to use, when to use it, and how to manage risk across your entire portfolio.

Who this is for:

You understand the basics of options but don’t have a system. You’ve been trading individual strategies without a framework for how they connect. You want to generate income from options without being glued to a screen all day. You’re looking for a repeatable process, not a get-rich-quick strategy.

Who this is NOT for:

Day traders looking for scalping setups. People who want complex multi-leg spreads. Anyone expecting a magic formula with zero risk.

This is the playbook I wish existed when I started. I wrote it because nothing out there connected the dots between strategies into something you can actually run week after week.

What You’ll Learn In The 6 Figure Options Framework

• Stock selection criteria that eliminate bad trades before you ever look at an option chain
• Entry timing using RSI, support levels, and IV — treated as guidelines, not rigid rules
• Cash-secured puts — the core income strategy, including strike selection, the 30 DTE sweet spot, and why I close every trade at 50% profit
• Covered calls — how to generate income on shares you already own
• The wheel strategy — how CSPs and covered calls connect into a repeatable wealth-building cycle
• LEAP options — when to use leveraged long-term calls, how to structure the trade, and how to take profits
• The decision framework — how to look at the same stock under different conditions and know whether to sell puts, buy LEAPs, or run the wheel
• Risk management — position sizing, the account killers I’ve seen destroy portfolios, and why rules before entry beat reactions after
• Portfolio structure — how options fit alongside long-term equity holdings, what a typical week looks like, and sample structures at different account sizes
• Bonus chapter: The Poor Man’s Covered Call — how to generate income on your LEAPs without owning 100 shares

More courses from the same author: Jason Luongo