The Wheel Strategy Explained: How the Options Cycle Works
The wheel strategy in plain English: sell a cash-secured put, take assignment, sell covered calls, get called away, repeat. Mechanics, math, mistakes.
Market Education
Learn how stocks, bonds and capital markets work. Explore plain-English explanations, worked examples and charts, then follow related coverage to connect market concepts with current events. Find your way around ECMSource.
How to Read an Earnings Report: Beats, Misses, Guidance
A step-by-step guide to a public company’s earnings report — the three statements, beats vs misses, GAAP vs non-GAAP, and what guidance really tells you.
Stock Splits Explained: Forward, Reverse, and What They Do
How stock splits work, why NVIDIA and Chipotle did them, and when a reverse split signals distress. Real numbers, no jargon.
WACC Explained: The Weighted Average Cost of Capital
WACC is the blended hurdle rate a company must earn on its investments. Learn the formula, a worked example, and the mistakes that break the number.
Poison Pill Explained: How Shareholder Rights Plans Work
What is a poison pill? How the flip-in, flip-over, and trigger thresholds work — plus the Twitter, Airgas, and Household cases every investor should know.
Price-to-Book Ratio Explained: When Book Value Matters
P/B compares stock price to the accounting value of a company’s net assets. How to calculate it, why it works for banks, and when book value misleads.
Iron Condor Explained: How the 4-Leg Trade Actually Works
A plain-English guide to iron condors: the four legs, breakevens, max profit and loss, a worked example, and when the trade blows up.
Free Cash Flow Explained: FCF, FCFE, and FCFF
Free cash flow: what operating cash flow minus CapEx actually tells you, plus how FCFE and FCFF differ, with Apple, Microsoft, and Alphabet numbers.
Ford Beats Q2, Raises 2026 Guide to $10-11B Adjusted EBIT
Ford reported Q2 2026 revenue of $48.3B and adjusted EPS of $0.42, then raised full-year adjusted EBIT guidance to $10-11B. Shares jumped 5% pre-market.
Interest Rate Swaps Explained: Fixed-for-Floating and SOFR
How an interest rate swap turns floating debt into fixed. Mechanics, a $100M worked example, SOFR after LIBOR, and Dodd-Frank clearing.