Theta Kings – Rockwell Trading Course

Published by MLCH on March 21, 2022March 21, 2022

Access the Rockwell Trading Course for ONLY $997 $12

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Key Takeaways

• At Theta Kings, we sell options to take advantage of time decay, seeking systematic, repeatable income using Rockwell trading tools. This flavor appeals to the noobs and the savvy traders looking for neutral trading courses.
• A seller’s mindset makes you more consistent by focusing on high-margin collection, odds, and structure. Design a basic trading plan template that specifies entries, exits, position size and review habits.
• Time is one of the fundamental currencies in these strategies, with theta decay picking up steam toward expiration. Monitor equity curve fluctuations and keep an eye on expirations with the best decay-to-risk ratio.
• Managing probabilities with analytics and scanners filters for high-probability setups and keeps you out of crummy trades. Build probability thresholds and volatility checks into your plan as well.
• Income can be generated selling puts, covered calls and the wheel in any market. Establish weekly or monthly income goals, analyze performance, reallocate within a diversified portfolio.
• Risk management is still key to safeguard capital and smooth returns. Incorporate position size, stop-loss rules, and monitoring tools, and test in a simulator before going live.

Options income course that has a strong emphasis on theta decay and defined-risk trades. It courses core concepts like selling cash-secured puts, covered calls and credit spreads, and it clear see trade rules, entry and exit steps and position sizing. With examples on liquid U.S. Stocks and ETFs, daily charts, and a focus on consistent gains instead of reaching for the risky homerun. Students receive a checklist, risk limits per trade, and advice on timing around earnings and news. Tools such as a scanner setup, volatility filters and trade log templates. To assist in establishing reasonable objectives, the upcoming sections decompose modules, strategy rules, example trades, and typical pitfalls, with straightforward actions you can apply.

What are Theta Kings?

The Rockwell Trading course presents a rules-based options trading strategy that emphasizes selling premium and leveraging time decay (theta) for effective results. The core idea is to sell put options with high, fair premiums while managing risk through clear steps, thus providing a steady income for both novice stock traders seeking guidance and veteran traders aiming for diversified revenue sources.

1. The Seller’s Mindset

Go from betting on price spikes to pocketing premium. As a seller, you profit when options decay day by day.

Discipline & patience > prediction Trades go for favor likelihood, not excitement. Don’t push setups, wait for price, volatility and liquidity to converge.

Keep tactics simple: clear entries, defined exits, and capped risk. Cluttered signals, stay away. Monitor margin, position size and max loss per trade.

Develop a template that determines strike selection, days to expiration, exit rules and assignment steps. Scribble it, try it, pursue it.

2. Profiting from Time

Theta Kings depend on the reality that options experience time decay as expiration approaches. Selling puts with 7–45 days to expiration generally captures faster theta without hodling too long.

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Rockwell’s paradigm considers time a resource. Upfront premium collected can turn into steady gains as theta picks up in the final 10–21 days.

Record an equity curve and label trades by days to expiration, implied volatility rank, and exit type. See how decay helps growth get smoother.

Enumerate time windows in which decay is most optimal, such as over 14–35 days and adapt to market volatility. In high volatility, go shorter, in calm markets, maybe a bit longer.

3. Managing Probabilities

Employ Rockwell scanners and rudimentary technicals — trend, support, ATR — to identify high-probability put strikes beyond anticipated move. Pay attention to fluid names.

Find your margin. Delta as proxy for probability, IV for pricing, expected move for strike distance. Mix them so the probabilities pile up on you.

Screen with software to bypass illiquid chains and news landmines.

Bake probability rules into the plan: entry filters, delta bands (for example, 0.15–0.30), and exit triggers at 50% profit or a strict stop.

4. Generating Income

Selling options can generate consistent income for retail and home traders. Tiny victories accumulate when they’re repeated.

The Wheel (triple income) cycles: sell cash-secured puts, accept shares if assigned, then sell covered calls, and collect dividends when applicable.

Track weekly or monthly targets in metric terms: premium per €1,000, win rate, average hold days.

Rockwell coaching and tools help clarify choice, management, and scaling.

The Power of Theta

Theta is the time decay rate of options trading, indicating how much an option’s price should erode daily, ceteris paribus. In the Theta Kings approach, theta serves as the core edge: sell options with rich premium, let time pass, and aim to keep what decays. Rockwell Trading’s courses frame theta as a quantifiable, repeatable source of profits, rather than relying on direction guessing. Traders quickly learn to size positions by total daily theta, set alerts, and utilize trading systems to track exposure across symbols and expiries. Unlike directional trades, theta-driven setups can succeed with flat or mildly moving prices, but they require risk controls for fast markets.

Understanding Decay

As time ticks, options lose extrinsic value, which aids sellers. The curve is nonlinear. Decay is slow when you’re way out from expiration, then it really heats up in the last 21–10 days, especially around at-the-money strikes. Theta turns on buyers that hold overnight, weekends included, so carry cost is a factor.

Utilize option chains, payoff chart and historical decay plots to observe rate. Several platforms plot theta versus days to expiration and IV. Add IV rank and expected move overlays to estimate what decay is likely to stick.

| PUT | 30 | 10% OTM | 25% | -0.03 |

| CALL | 14 | At-the-money | 35% |-0.10 |

| PUT | 7 | 5% OTM | 40% | -0.08 |

Volatility and time feed decay. More IV pumps up premium and theta, but increases gap risk. Less time remaining increases daily theta, but allows little margin for maneuver. Interest rates can adjust put-call parity and extrinsic value at the margin.

Why Time is Your Ally

Time is on the side of the sellers. Every day eats away at time value, increasing the probability that out-of-the-money options will expire worthless or cheaper to repurchase.

Choose expiries that compromise between decay and risk. Most theta sellers go 30–45 days in, then get out when they can get 50–70% of max profit or about 21–14 days left to avoid late gamma risk. Rockwell mentors assist customize these windows for account size, volatility and product.

Track premium against days remaining for each trade. Log credit, current theta and IV shifts to understand which expiries and strikes produce consistent without huge volatility.

Core Course Principles

The course focuses on plain swing trading and options trading strategies, avoiding hype. It develops from fundamentals—price action, support/resistance, trend, and volatility—into a rules-based trading strategy that leverages theta decay and the wheel options trading strategy. Acknowledging that trading can be challenging, it emphasizes risk management, position sizing, and a documented trading system.

Simple Rules

1. Buy and sell liquid tickers with narrow spreads and consistent trends. Use daily charts to define bias, then time entries on shorter frames. Favor underlyings with steady earnings calendars and known catalysts.
2. Sell cash secured puts on quality stocks at strikes where support meets fair premium Aim for high implied volatility yet event risk screen!
3. If called upon, sell covered calls at reasonable resistance to collect theta. Rinse and repeat to cycle luxury.
4. Size by account risk positions; cap per-trade risk (e.g., 0.5–1.0% of equity) Don’t overuse margin that traps capital.
5. Use a checklist: setup, strike, expiration (14–45 days), premium threshold, exit rules, and earnings filter. Make them easy, follow guidelines that are time-tested, and save each rule on a trading plan template. Consistency is the way to achieve repeatable results.

Practical Application

Apply concepts inside Rockwell’s software: scan for high premium candidates, filter by liquidity, and map support/resistance. Test “what-if” on theta decay and assignment risk.

Practice on a sim first. Log ins, log outs, notes.

Monitor win rate, average premium per day, max drawdown, assignment frequency, and time-in-trade. Check in weekly with screen shots and tags to detect drift.

Back-test with live trade recordings and mentorship to contrast your notes against coached decisions. Short feedback loops accelerate skill.

Risk Management

Every options trading strategy begins with risk. Stop losses for credit spreads or time-based exits for short puts must have a max loss defined before entry. Position sizes should match your account size and risk tolerance. Rockwell Trading’s tools monitor Greeks, margin usage, and assignment risk in real-time.

• Cap total premium at risk daily and per ticker.
• Limit open theta to avoid clustered expirations.
• Avoid selling puts into binary events unless pre-planned.
• Predefine roll rules: when delta, days-to-expiry, or P/L hit thresholds.
• Employ cash-secured puts to defer losses until they’re no longer losses through rolls or going assigned, but you cut if the thesis breaks.
• Respect your capital needs. Margin deacons can tie up funds and cause stress.
• Focus high premium candidates when liquidity and charts align.

Essential Trading Strategies

Rockwell’s Theta Kings course focuses on easy-to-repeat options trading strategies—selling puts, selling calls, and running the wheel options trading strategy—to generate premium while controlling risk. These strategies suit calm, choppy, and trending markets, allowing a patient but aggressive trading style across sectors. They incorporate technical analysis, risk rules, and market context, aligning with swing trading strategies over days or weeks.

Selling Puts

Writing puts generates premium today and allows you to buy the stock at a net discount if assigned. Traders choose strikes at which to own shares consistent with the plan’s cost basis and sector risk.

Choose liquid, quality names with steady cash flow and narrow spreads. Prefer hits around important support or value areas. Pair size with liquidity to prevent being forced out.

Employ basic charting instruments—moving averages, RSI troughs, volume laps—to time pullback entries. Check trend on a 1–4 week view if running a swing strategy.

Understand the assignment rules and control your exit. If price softens, diminish delta by rolling down, or out in time. If your thesis breaks, get out instead of wishing.

Selling Calls

Covered calls take shares you already have and sell calls against them to collect premium, boosting yield without using additional margin. Put strikes above price to maintain upside room while still collecting.

Trade time sales after rallies or on implied volatility spikes. A weekly or biweekly chart scan can identify potent swings.

Track results by ticker: win rate, average premium per 100 shares, and how often calls are rolled. This assists in determining whether the strategy complements the overall portfolio.

The Wheel Strategy

The wheel links the steps: sell a cash-secured put; if assigned, hold shares; then sell covered calls; repeat as shares are called away. It fits traders seeking consistent income with defined guidelines.

Write it all down, from entry criteria to strike ladder to roll triggers to max loss lines. Leverage platform tools, mentoring, and course checklists to make entries and exits consistent.

It provides newer stock traders with structure, and offers options traders a scalable, time-frame aware framework that adjusts to most market moods.

Beyond the Strategy

Holistic growth is at the heart of long-term results in the trading industry. While technique assists, traders require training, guidance, and a supportive tribe, alongside robust trading strategies that align with their objectives and tolerance.

Trader Psychology

Mindset, discipline and calm execution power options results as much as edge. These people think that success depends on intricate market psychology and emotion management, not simple rules. Most traders note that high win rates, even up to 95%, result from skill + emotional control, not a single template.

Create easy habits that reduce anxiety and prevent knee-jerk. Pre-market checklists, position size caps, and time-boxed reviews minimize noise. Establish daily loss and time limits, and walk away once they’re reached.

Journaling provides a feedback loop. Monitor entry, exit, thesis, IV, theta decay, and any tilt—fear, greed, FOMO. Record if a good plan was disrupted or if slippage resulted from hurry. Over weeks, patterns emerge. Modify triggers, expand buffers, or reduce length according to your notes.

Coaching and mentoring fast-track grit. Formal debriefs uncover blind spots quicker than working alone. Community rooms assist traders in normalizing drawdowns, sharing contingency actions, and discovering how others manage margin calls or steep gaps.

Portfolio Integration

Theta Kings approaches—charging top dollar to reap time rot—work best embedded in a larger blend of trading strategies. A few traders believe that cracking theta mechanics is the trick, but they cautioned that markets change. My own experience indicates losses, too, if you fail to adapt to volatility or trend shifts, even armed with a solid options trading strategy.

Reserve a piece for selling options, not the entire pile. Maintain core exposure in world stocks, ETFs, cash, and bonds to buffer volatility. Don’t overleverage margin—capital needs can jump, and dealers have taken devastating losses when assignment, gaps, or IV jumps hit leveraged books.

Utilize Rockwell Trading’s portfolio tools to track Greeks, margin, P/L by strategy, and heat maps by ticker. Change sizing when win rate, drawdown depth, or IV regime shifts. Most traders concur that risk controls—position limits, defined-risk spreads, and stop-outs on portfolio drawdown—separate success from failure.

Match trades to your experience and objectives. If income is the objective, shorter-dated, defined-risk spreads with hard-roll rules may apply. If growth matters, go smaller and wider strikes. Rockwell’s white-glove premium services and mastermind groups provide review cadence, playbooks for stress events, and peer oversight that facilitates continuing education and agile contingency planning.

Becoming a Theta King

Mastery starts with grasping theta: the daily time decay that chips away at an option’s value. A Theta King deliberately applies that rot, primarily by selling options, all the while ensuring that risk remains specified, quantified, and controlled.

Key Benefits

• Regular premium income from selling puts and covered calls
• Lower risk when using defined rules, sizing, and hedges
• Systematic profits through rules-based entries and exits
• Scalable process across symbols, sectors, and market states

Because theta accelerates as expiry approaches, Theta tactics. Selling short-dated puts on liquid, large-cap names, with transparent strike selection, can smooth the equity curve. Rockwell’s methods add structure: watchlists, scanners, and repeatable filters to find high-probability trades.

There is upside potential. When assigned on a cash-secured put, you can roll over to covered calls and capture additional premium – the “wheel” or “triple income” spiral. In roaring trends or post earnings drift, this stack can generate bonanza profits while maintaining the underlying blueprint. Newbies receive an easy to follow framework, experienced traders achieve scale, discipline and an objective track.

Trading Advantage

Mastering theta provides an edge because profits aren’t reliant on impeccable direction calls. You can profit even if price drifts, choppily or holds a range. The margin expands when you pick punches with actual padding, peddle into fat IV, and bail as soon as decay does its dance.

Use Rockwell’s scanners, PowerX-style tools and checklists to stay ahead. Search for high-premium puts on stocks with solid average daily volume, tight spreads and clean price structure. Favors expirations 7–21 days out, puts strikes below important pivots, and limits risk with size guidelines tied to account value, not gut feel.

Training counts. Study greeks other than theta (delta for probs, vega for IV shocks) Paper trade, then scale in small. Monitor win rate, average credit, max drawdown and days-in-trade. Set milestones: 50 trades logged, 1% monthly target, 3-month variance under control, then add symbols.

Risk is actual. Target high win rates (some mention around 95%) but accommodate for the outliers. Handle losers — by rolling, into spreads, or with the wheel to ‘postpone losses until they’re not losses anymore’ — all on explicit rules. Coaching and structured reviews accelerate judgment and reduce errors.

Conclusion

Theta Kings keeps it simple. Trade the time advantage. Establish some rules. Measure risk in concrete numbers. Small size. Give time a chance to work.

The Rockwell course presents actionable steps you can apply today. Say, sell a credit spread on a steady index. Set a stop at 1.5x credit. Close out 50% profit. Or to sell a put on a stock with good support at 50 EUR. Buy shares at a reasonable price if it falls. Hold some cash. Roll with intention.

Success increases with repetition. Logs, alerts and a calm mind assist. Markets move. Your plan should evolve, not jerk.

Looking for more? Case notes test one set-up track 10 trades Have questions about the course or whether it’s a fit for you? Contact.