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The Multiplier | Retirement Income with Options · Aug 17, 2026

15 Best Covered Call and Put Picks for August 17-21 & The Trading Plan

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Mike Thornton | The Multiplier · The Multiplier | Retirement Income with Options

This is an options-selling education and working system built for retirement portfolios. Members learn to sell covered calls and cash-secured puts on quality stocks they already own or want to own.

The goal is to create income from your assets, not by selling them. It’s a rules-based process anyone can learn.

Paid members get my top call and put setups with the best balance of yield, safety, and timing - every day, Monday through Friday. Those come from a screening tool called VADER that scans over 500,000 option contracts every morning.

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Last week ended with stocks at a record and volatility at an eight-month low.

Good for portfolios, thin for sellers - cheap volatility means cheap option premium.

So this week we focus our cash-secured puts on enterprise software and defensive healthcare, because those names sit outside the consumer question hanging over the week.

Our covered calls come from large-cap tech and semiconductors, where the earnings calendars are clean through mid-September.

Retail stays off the list entirely, because Home Depot, Target, Lowe's and Walmart all report into a consumer that just flinched.

Stocks are expensive, which pushes your call strikes closer to the current price than you’d like. Consider widening them.

When fear is low, buyers pay less for options, so premium is thin.
Consider selling fewer contracts and picking better ones.

Rising rates hurt utilities, REITs and telecoms, so it’s better to leave those alone this week.

Every trade you take has to clearly beat it.

Two things on this calendar can actually move your income.

On Wednesday afternoon, the Fed publishes minutes from a July meeting in which three officials voted to raise rates.

And on Friday, every August option contract expires.

They land in the same five sessions, which is why this week needs a plan instead of improvisation.

One note if expiration week is new to you.

Volume runs heavier than normal, and price gets pulled toward the strikes where the most contracts sit. That pull releases the following Monday.

So, finish your expiration business early in the week rather than fight a pinned market on Friday afternoon.

Q2 earnings season is nearly over. What’s left is almost entirely retail, and it lands at an awkward moment.

Six of America’s largest retailers report between Tuesday and Thursday.

We expect sharp moves in individual names, and expect those moves to travel. A weak Walmart number pulls Target, Costco, Dollar General and the staples names down with it. Analog Devices reports Wednesday morning and does the same job on the semiconductor side.

That spread is the blast radius.

When a large company reports, the move doesn’t stay inside its own ticker; it reaches competitors, suppliers and customers across the sector. It’s the reason a name you don’t own can still move a position you do.

Premium is lean. Volatility at 14.25 means the market is charging less for insurance, and the only thing that changes this week is an event forcing it to.

So we time the selling around the two events rather than spreading it evenly across five days.

The table below maps this week’s specific windows where risk temporarily clears and opportunity opens.

These are the specific contracts pricing well right now, matched to each window.

Disclaimer: This content is for educational purposes only and is not financial, investment, or tax advice. I am not your personal financial advisor or tax professional, and nothing here is a recommendation to buy, sell, or hold any investment, or to take any specific tax-related action. Past performance is not a guarantee of future results. You are responsible for your own financial and tax decisions, so always do your own due diligence or consult a qualified professional before acting.

Most of these sit at 0.27 to 0.40 delta, closer to the money than a normal week. That's the VIX at 14.25 talking. With premium this thin, lower-delta contracts don't clear the 3.74% bar, so the choice is a little more assignment risk on quality names or nothing at all.

  • NVDA $230C [2026-08-24] (10 DTE, Δ0.34, 36.8% ann.) - 💰 $227 | $22,516 | Aggressive — Expires Monday the 24th, two days before Nvidia reports, so you’re out before the event.

  • IBM $245C [2026-09-18] (35 DTE, Δ0.36, 26.0% ann.) - 💰 $585 | $23,432 | Balanced — No earnings until October, and 4.6% above the current price.

  • CSCO $115C [2026-09-18] (35 DTE, Δ0.40, 26.1% ann.) - 💰 $280 | $11,168 | Balanced — Cisco fell about 8% Thursday on a weak margin outlook, and this call sells into the volatility that drop created.

  • NFLX $83C [2026-09-18] (35 DTE, Δ0.30, 18.5% ann.) - 💰 $139 | $7,816 | Conservative — 6.2% out of the money with one of the tightest bid-ask spreads in the whole scan.

  • UBER $80C [2026-09-18] (35 DTE, Δ0.33, 20.7% ann.) - 💰 $151 | $7,595 | Balanced — Already reported, 5.3% above price, and deep enough in open interest to exit easily.

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