OPTIONS
Covered Calls on Boring Stocks
Why the least exciting names in my portfolio are the ones I write calls against — and the math that makes it worth the paperwork.
Joshua Terrell · Dublin, Ohio, near Columbus
I treat a portfolio like a garden — pruned on purpose, never left to grow wild.
I'm an independent investor working out of a home office in the Columbus, Ohio suburbs. I write about stock and options positions I actually hold, and I tinker — sometimes clumsily — in the municipal bond market most people ignore. No hot tips, just the arithmetic behind the decisions.
1
years investing publicly and privately
0+
municipal bonds researched by hand
0
portfolios tracked in the open
Recent field notes
Short, specific write-ups on the trades and bonds I'm actually looking at this quarter. NOTE: Site may be inaccurate and pictures/figures may be placeholders while the site is being built.
BONDS
Municipal Bonds Aren't Boring, They're Just Quiet
Notes from tinkering with a small ladder of Ohio municipal bonds, and what reading an official statement actually teaches you.
RISK
Position Sizing: The Unsexy Skill That Compounds
I've never had a single position I regretted opening. I've had plenty I regretted sizing wrong.
About Joshua
An specialist's habits, pointed at the market
I spent a decade building systems before I turned the same habits — measuring twice, writing things down, distrusting anything that sounds too clean — toward investing. These days I split my time between options income on stocks I already understand and slow, deliberate research into municipal bonds issued close to home.
Dublin, OH
home base, Columbus suburbs
Est. 2013
first brokerage account opened
Solo
independent, no fund, no clients
How I approach the markets
Three habits that show up in almost everything I write on this site.
Income before appreciation
I'd rather get paid to hold a stock through options premium than hope the price cooperates.
Boring is a feature
The bond market rewards patience and paperwork more than it rewards excitement. So do most of my stock picks.
Size before conviction
I ask how much before I ask what. Position sizing has saved me more money than any single pick has made me.