beginners corner

Learn how to invest by selling stock options.

Alan Ellman guides us through his system of options trading so
you too can become
CEO Of Your Own Money.

See how we have helped thousands beat the market consistently on their way to financial independence.

* Important Disclosure: The information contained herein should not be construed as personalized investment advice, and should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Read Full Disclosure

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Ask Alan

Ask Alan #164 I Can’t Make Much Money Rolling-Out but Want to Keep My Stock

Alan answers a question posed by Doug, who asks: Alan,Alan, I’m having trouble with the following trade: On 6/10 I bought GDX for $22.37 and sold the July $24 strike for $0.24. On 7/12 GDX is at $26.21 and the cost to buy back the option is $2.21 (no time value left). I want to […]

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Expiration Dates versus Expiration Times: Important Clarifications

When we sell covered call options or cash-secured puts, the expiration date of our monthly option contracts is usually the third Friday of the month at 4 PM ET. However, this is not to be confused with the expiration time of these contracts. The latter is the date and time when the contract is rendered […]

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covered call writing calculations

Selling Deep In-The-Money Calls to Exit Stock Positions

Covered call writing is used predominantly to generate cash flow in a low-risk manner. But it can also be used to exit stock positions while mitigating losses in those trades. As an example, I will use a series of trades shared with me by Ashvin on May 16th, 2019. The underlying security was iShares MSCI […]

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