Value Options Letter
Deep-value options research,
delivered weekly.
Three to five curated trade ideas every week — cash-secured puts, covered calls, and spreads on businesses we’d want to own, at strikes we’d be willing to own them at. Every trade reviewed and approved by an analyst before it reaches your inbox.
Value discipline
We only write options on names trading at meaningful discounts to intrinsic value with healthy balance sheets. No momentum chasing, no lottery tickets.
Professional expertise
Every trade idea, exit decision, and piece of commentary comes from a value-focused portfolio manager who currently oversees hundreds of millions of dollars for RIA clients. Deep-value discipline applied to every position.
Research-first methodology
Every trade starts with a business you’d actually want to own at the strike — not premium at any cost. Full thesis, strikes, exit reasoning for every idea. Read our methodology →
Free with every paid subscription
Value Options
How Warren Buffett Uses Options to Buy Wonderful Businesses at Better-Than-Fair Prices
By Tobias Carlisle & Tim Travis · 85 pages
The long-form playbook behind every trade in the letter: how value investors get paid to wait, how to size cash-secured puts on names worth owning, and how the Wheel actually compounds when the underlying is a real business at a fair price.
US subscribers receive the paperback by Media Mail. International subscribers receive the complete digital PDF edition — same content, no shipping wait.
Launch promo — 50% off through July 30, 2026
Founding-rate pricing for the first 3 months. After July 30, 2026, regular pricing resumes at $199/mo and $1,999/yr. Lock in the promo rate now — your subscription continues at the price you signed up at.