The Blue Collar Investor https://www.thebluecollarinvestor.com Learn how to invest by selling stock options. Sat, 16 Mar 2024 10:52:23 +0000 en-US hourly 1 Calculating Covered Call Writing & Cash-Secured Put Trades for the Same Stock and Similar Moneyness https://www.thebluecollarinvestor.com/calculating-covered-call-writing-and-cash-secured-put-trades-for-the-same-stock-and-similar-moneyness-2/ https://www.thebluecollarinvestor.com/calculating-covered-call-writing-and-cash-secured-put-trades-for-the-same-stock-and-similar-moneyness-2/#comments Sat, 16 Mar 2024 10:50:33 +0000 https://www.thebluecollarinvestor.com/?p=24037
click ↑ 4 Featured

Should I write a covered call or sell a cash-secured put on an elite-performing stock or ETF? I use both but slightly favor covered call writing. Both have worked quite well for me over the past (nearly) 3 decades. On 11/16/2023, I thought it would be instructive to select a stock from our premium watch list and calculate initial covered call writing and cash-secured put returns. I (randomly) chose Pinterest, Inc. (NYSE: PINS) and used 2 strikes out-of-the-money (OTM) from current market value at the time of the trades.

PINS Option Chain on 11/16/2023 for the 12/15/2023 expiration

  • PINS is trading at $31.60 on 11/16/2023
  • OTM call strike ($33.00) and put strike ($30.00) will be evaluated. Both are 2 strikes from current market value
  • Red circles show more than adequate option liquidity (open interest)
  • Bid prices are $0.61 (brown cell) for the $33.00 call and $0.44 (green cell) for the $30.00 put

PINS: Covered call writing initial calculations using the BCI Trade Management Calculator (TMC)

  • The 30-day return (if taken through contract expiration) is 1.93%, 23.49% annualized (brown cells)
  • The breakeven price point is $30.99 (yellow cell)
  • Upside potential if PINS moves up to or beyond the $33.00 strike is 4.43% (green cell), creating a maximum 30-day return of 6.36% (without exit strategy intervention)

PINS: Cash-secured put initial calculations

  • The 30-day return (if taken through contract expiration) is 1.49%,18.11% annualized (brown cells)
  • The breakeven price point is $29.56 (yellow cell)
  • If exercised, PINS will be purchased at the breakeven price point, a discount of 6.46% (green cell) from the price when the trade was executed (without exit strategy intervention)

Discussion

Both strategies offered reasonable 1-month and annualized returns. Returns were slightly higher for covered call writing, which also offered significant upside potential. Cash-secured put initial returns were also significant and offered greater protection to the downside with a lower breakeven price point. Both are solid initial trades, with covered call writing being more aggressive and put-selling more defensive.



Covered Call Writing Online Video Course with Downloadable Workbook

Click here for more information.

Our objective was to create the most complete and comprehensive video program on covered call writing found anywhere. The 4-set video curriculum takes us through the 3 required skills: stock selection, option selection, and position management. The fourth section highlights special circumstances like writing calls against long-term buy-and-hold portfolios.

You Will Learn:
– How to locate the greatest performing stocks for option-selling
– Which Is the best option to sell
– How To calculate your returns
– How To utilize exit strategies – Decrease losses & enhance gains

The program is based on 25 years of actual trading options, not on computer models. All the rules and guidelines presented are based on these real-life experiences. This series will benefit both beginners and more experienced investors and addresses all scenarios that can arise before, during and after trade executions.

Click here for more information.


Your generous testimonials

Over the years, the BCI community has been incredibly gracious by sending our BCI team email testimonials sharing stories as to what our educational content has meant to their families. Moving forward, we have decided to share some of these testimonials in our blog articles. We will never use a last name unless given permission:

Alan, 

Thank you for lifting the fog around options trading.

Your books, spreadsheets and YouTube tutorials are amazingly educational, and you are delivering real value to the options community in refining their engagement and trading process. 

Regards

Bevan

Upcoming events

1. BCI-Only Webinar

Thursday April 11, 2024

8 PM ET – 9:30 PM ET

Ultra Low-Risk Approaches to Covered call Writing and Selling Cash-Secured Puts

Adding Delta and Implied Volatility to existing defensive concepts

Covered call writing and selling cash-secured puts are low-risk, option-selling strategies focused on generating cash-flow. Our trades can be structured to represent aggressive or defensive postures or somewhere in between.

This presentation will detail how to structure our trades to decrease risk, particularly in bear and volatile market conditions while still generating significant returns. It will also be of interest to investors who have a low personal risk-tolerance but still want to generate higher than risk-free returns.

Both Delta (an option Greek) and implied volatility will be spotlighted and real-life examples will be utilized to demonstrate the process of establishing these conservative trades, while still allowing us the potential to generate significant annualized returns.

Free registration information to follow.

All questions related to covered call writing and cash-secured puts will be answered in real time after the webinar presentation.

2. Stock Traders Expo- live event in Orlando Florida

October 17 -20

Details to follow.

3. Coming Soon From BCI…

· The Blue Collar Investor Conservative Credit Spread Trading System

· We Are Introducing Our Credit Spread Trading Methodology Following BCI Conservative Trading Principles

· The System Includes:

o Bull Put Calculator

o Bear Call Calculator

o Expected Price Movement Calculator – That Will help To Determine High Probability Short Leg and Long Leg Positions of The Credit Spread

o An Extensive Credit Spread Trading Journal

· A New Approach to User Guides…Detailed Context Specific Cell Descriptions and Guidelines…For Both Data Entry and Calculated Results

If you are interested in learning more or want early access to our new system, please send an email to Barry Bergman at:

barry@thebluecollarinvestor.com

Alan speaking at a Money Show event********************************************************************************************************************

]]>
https://www.thebluecollarinvestor.com/calculating-covered-call-writing-and-cash-secured-put-trades-for-the-same-stock-and-similar-moneyness-2/feed/ 7
Ask Alan # 216: Establishing the Cost Basis of an Adjusted Covered Call Trade https://www.thebluecollarinvestor.com/ask-alan-216-establishing-the-cost-basis-of-an-adjusted-covered-call-trade/ https://www.thebluecollarinvestor.com/ask-alan-216-establishing-the-cost-basis-of-an-adjusted-covered-call-trade/#respond Wed, 13 Mar 2024 09:55:00 +0000 https://www.thebluecollarinvestor.com/?p=24079

———-
After establishing a covered call trade, exit strategy opportunities may arise. In this video, a series of trades with OXY are analyzed from trade entry, initial calculations, exit strategy adjustment and post-adjusted realized and unrealized returns using the BCI Trade Management Calculator (TMC).
———-

The BCI Package link:
https://thebluecollarinvestor.com/minimembership/bci-investor-program/

TMC Package:
https://thebluecollarinvestor.com/minimembership/bci-trade-management-system/

BECOME A BCI MEMBER TODAY:
https://www.thebluecollarinvestor.com/membership/

SEE BCI COURSE & PRODUCTS :
https://thebluecollarinvestor.com/store/

FIND BCI ON AMAZON
https://amzn.to/Nx2Zqk



More Video:


To enter your questions to “Ask Alan”, fill out the form on the contact page. Be sure to begin your message with “ASK ALAN”

]]>
https://www.thebluecollarinvestor.com/ask-alan-216-establishing-the-cost-basis-of-an-adjusted-covered-call-trade/feed/ 0
Using Technical Analysis to Enhance Our Covered Call Writing and Cash-Secured Put Trades https://www.thebluecollarinvestor.com/using-technical-analysis-to-enhance-our-covered-call-writing-and-cash-secured-put-trades-2/ https://www.thebluecollarinvestor.com/using-technical-analysis-to-enhance-our-covered-call-writing-and-cash-secured-put-trades-2/#comments Sat, 09 Mar 2024 10:26:00 +0000 https://www.thebluecollarinvestor.com/?p=24014
click ↑ 4 Featured

In our BCI methodology, there is a 3-pronged approach to our stock screening process:

  • Fundamental analysis (sales & earnings growth)
  • Common-sense principles (minimum trading volume, avoiding earnings reports & more)
  • Technical analysis (reading a price chart)

This article will focus on technical analysis and will utilize real-life examples with bullish, mixed and bearish price charts.

Technical indicators used in the BCI screening process (feel free to use your favorites)

  • Exponential moving averages (measures trend)
  • MACD histogram (measures trend & momentum)
  • Stochastic oscillator (measures momentum)

Bullish Price Chart: Dorian LPG Ltd. (NYSE: LPG)

  • Exponential moving averages (top) are ascending, with the shorter-term 20-day EMA above the longer-term 100-day EMA
  • MACD histogram (blue bars) are above the zero line and ascending
  • Stochastic oscillator (black line) is ascending
  • Volume (green circle) is not weakening
  • This is a strong security from a technical perspective and would consider it for our portfolios and favor more bullish positions

Mixed Price Chart: Dorian LPG Ltd. (NYSE: LPG)

  • Exponential moving averages (top) are ascending, with the shorter-term 20-day EMA above the longer-term 100-day EMA. Price bars are beginning to decline (#1)
  • MACD histogram (blue bars) are above the zero line but descending (#2)
  • Stochastic oscillator (black line) is starting to turn down (#3)
  • Volume (green circle) is not weakening, confirming the other indicators
  • This is a mixed technical mosaic and would not eliminate the stock from consideration, but would tend to guide us to favor defensive positions (in-the-money call strikes, for example)

Bearish Price Chart: Everest Group, Ltd (NYSE: EG)

  • Exponential moving averages (top) are flattening and turning down, with the price bars moving below the 20-day exponential moving average (top purple arrow)
  • MACD histogram (blue bars) have moved below the zero line
  • Stochastic oscillator (black line) is descending significantly
  • Volume (green circle) is not weakening, confirming the other bearish indicators
  • This is a bearish technical mosaic and would eliminate the stock from consideration

Discussion

Technical analysis is one of our 3-pronged approach to stock screening. Bullish and mixed price charts are acceptable, but bearish price charts eliminate the security from consideration. We also use technical analysis to help guide us to strike price selection.

NOTE: BCI premium members do not have to do the technical analysis discussed in this article. Our team does that for you.



Selling Cash-Secured Puts Basic and Advanced Principles

Selling Cash-Secured Puts is a 6-part Video Series + downloadable workbook. All aspects of Put-Selling, including stock selection, option selection and position management. A huge section on exit strategies and a deeper dive into ultra-low risk approaches to selling cash-secured puts have been added to previous versions of this course. The Companion Workbook contains 111 all-color pages of all charts, graphs and slides. Download Table Of Contents (PDF)

This course contains 6- parts in the video course:

Section I: Option basics (definitions and foundational information)
Section II: Traditional put-selling (stock & option selection + position management)
Section III: PCP (wheel) strategy (adding covered calls to selling cash-secured puts)
Section IV: Buy a stock at a discount instead of a limit order (buy a stock at our target price or get paid not to buy the stock)
Section V: Ultra-low-risk put/Delta strategy (High probability, low-risk trades)
Section VI: Ultra-low-risk put/implied volatility strategy (High probability, low-risk trades)


Your generous testimonials

Over the years, the BCI community has been incredibly gracious by sending our BCI team email testimonials sharing stories as to what our educational content has meant to their families. Moving forward, we have decided to share some of these testimonials in our blog articles. We will never use a last name unless given permission:

Alan,

I’m sure I speak for many others in the BCI community, when I say, “Please don’t ever retire”. I have always done well, but the BCI methodology and tools have increased my trade success rate and my knowledge of the market.

Let’s go 2024.

John

Upcoming events

1. Mad Hedge Investor Summit

Tuesday March 12, 2024

11 AM ET – 12 PM ET

Register here for free.

Covered Call Writing Dividend Stocks to Create a 3-Income Strategy

Covered call writing is a low-risk option-selling strategy that generates weekly or monthly cash-flow. By mastering the skill of strike price selection and adding dividend distributions, a potential 3-income strategy can be crafted with a goal of beating the market on a consistent basis.

Topics covered in this webinar include:

  • Strategy analysis
  • Option basics
  • What is covered call writing?
  • Dividend distribution
  • Stock selection
  • Option selection
  • Trade management

Real-life examples will be highlighted with Dow 30 stocks using option-chains and calculation spreadsheets.

Attendees will have the opportunity to participate in written chat box Q&A during the entire webinar.

A deeply discounted comprehensive package of educational products and tools will be offered in the final minutes of the webinar.

Register here for free.

2. Long Island Stock Traders Meetup Group (private investment club- Part II)

Thursday March 14, 2024

7:30 PM ET – 9 PM ET

Club members only

3. BCI-Only Webinar

Thursday April 11, 2024

8 PM ET – 9:30 PM ET

Topic, description and free registration information to follow.

All questions related to covered call writing and cash-secured puts will be answered in real time after the webinar presentation.

4. Stock Traders Expo- live event in Orlando Florida

October 17 -20

Details to follow.

Alan speaking at a Money Show event********************************************************************************************************************
]]>
https://www.thebluecollarinvestor.com/using-technical-analysis-to-enhance-our-covered-call-writing-and-cash-secured-put-trades-2/feed/ 7
BCI PODCAST 121: What is a SPAC (Special Purpose Acquisition Company)? https://www.thebluecollarinvestor.com/bci-podcast-121-what-is-a-spac-special-purpose-acquisition-company/ https://www.thebluecollarinvestor.com/bci-podcast-121-what-is-a-spac-special-purpose-acquisition-company/#respond Thu, 07 Mar 2024 10:55:00 +0000 https://www.thebluecollarinvestor.com/?p=24031 Watch Video:

Listen To Audio Version:

A SPAC, also known as a “blank check company” is where an IPO is established to raise cash for a future merger with a private company with great growth potential. This podcast defines, Examples are given and guidelines are discussed for investment decisions.

The BCI Package is highlighted at the end of the podcast:

BCI investor Program

——


——
1. Premium Membership:
⁠https://www.thebluecollarinvestor.com/membership/⁠

Best Discounted Packages:
2. BCI Package, our Best and most Comprehensive Investment package:
https://thebluecollarinvestor.com/minimembership/bci-investor-program/

3. TCM Package – BCI Trade Management System:
https://thebluecollarinvestor.com/minimembership/bci-trade-management-system/

4. CEO Package – Includes TMC Package:
https://thebluecollarinvestor.com/minimembership/ceo-package/

5. BCI COURSE & PRODCUTS
https://thebluecollarinvestor.com/store/

6. FIND BCI ON AMAZON
http://amzn.to/Nx2Zqk

]]>
https://www.thebluecollarinvestor.com/bci-podcast-121-what-is-a-spac-special-purpose-acquisition-company/feed/ 0
Rolling-Out Decisions for Our Covered Call Writing Trades: 3 Strategies Analyzed https://www.thebluecollarinvestor.com/rolling-out-decisions-for-our-covered-call-writing-trades-3-strategies-analyzed/ https://www.thebluecollarinvestor.com/rolling-out-decisions-for-our-covered-call-writing-trades-3-strategies-analyzed/#comments Sat, 02 Mar 2024 10:34:00 +0000 https://www.thebluecollarinvestor.com/?p=23967
click ↑ 4 Featured

When our covered call writing strikes are expiring in-the-money (with intrinsic-value), our shares will be sold at the strike price. We may opt to retain the shares by rolling the option to a later date. This article will highlight 3 paths we can take and discuss the factors that will guide us to our final decisions.

Hypothetical rolling scenario

  • 9/18/2023: 100 x BCI purchased at $48.00
  • 9/18/2023: STO 1 x 10/20/2023 $50.00 call at $1.50
  • 10/20/2023: BCI trading at $52.00
  • 10/20/2023: If we take no exit strategy intervention, shares will be sold at $50.00 (allowing exercise)
  • 10/20/2023: Cost-to-close the 10/20/2023 $50.00 call is $2.05
  • 10/20/2023: Bid price for the 11/17/2023 $50.00 call is $3.50 (to roll-out)
  • 10/20/2023: Bid price for the 11/17/2023 $55.00 call is $1.95 (to roll-out-and-up)

Factors that determine which path to follow

  • Do we want to retain the shares for the next contract cycle (including no upcoming earnings report)?
  • Will the rolling calculations align with our pre-stated initial time-value return goal range (2% – 4% per-month, as 1 example)?
  • Are we bullish (favor rolling out-and-up) or bearish (rolling-out) on the overall market?

Allowing exercise calculations using the BCI Trade Management Calculator (TMC)

  • Section 1 shows trade entries
  • The Trade Management Calculator (TMC) shows a 33-day trade, if taken through contract expiration (red circle)- section 2
  • The initial time-value return is 3.13%, 34.56% annualized (brown cells)- section 2
  • By “allowing exercise”, shares are sold at $50.00 (red arrow)- section 3
  • Section 4 shows a final realized 33-day return of 7.29%

Rolling-out to the 11/17/2023 $50.00 strike (defensive exit strategy)

  • The net premium is $1.45 ($3.50 – $2.05)- red circle
  • The initial time-value return is 2.90%, 40.71% annualized, based on a 26-day trade (brown cells)
  • There is no upside potential or downside based on a $50.00 price (green cells)
  • Keep in mind, that shares are actually $52.00 at the time of the roll, but only worth $50.00 to us, due to our contractual obligation to sell at $50.00

Rolling-out-and-up to the 11/17/2023 $55.00 strike (aggressive exit strategy)

  • The net premium is -$0.10 ($1.95 – $2.05)- red circle
  • The initial time-value return is -0.20%%, -2.81% annualized, based on a 26-day trade (brown cells)
  • There is 10% upside potential based on a $50.00 price (green cell)
  • Keep in mind, that shares are actually $52.00 at the time of the roll, but only worth $50.00 to us, due to our contractual obligation to sell at $50.00

Discussion

When our covered call writing strikes are expiring in-the-money, there are several exit strategy paths we can take. This article highlighted allowing exercise, rolling-out and rolling-out-and-up. Mastering and focusing in on the factors discussed will guide us to the appropriate path to take.

There is another way to address rolling calculations, using the TMC, where the BTC debit is incorporated into the first contract cycle. I will address this in a future article.



Covered Call Writing Alternative Strategies

Portfolio Overwriting– using stocks in buy-and-hold portfolios.
The Collar Strategy– using protective puts.
The Poor Man’s Covered Call– using LEAPS options.
———-
Covered call writing is a cash-generating strategy that lowers our cost basis thereby improving our opportunities for successful investments. One of the many benefits of incorporating this strategy into our investment portfolios is that the system can be crafted to meet our trading style, market assessment, portfolio net worth and personal risk tolerance. This book details three such covered call writing-like strategies.

Click here for more information and purchase link.


Alan presenting at the Stock Trader’s Expo/ Money Show at the Paris Hotel in Las Vegas

Your generous testimonials

Over the years, the BCI community has been incredibly gracious by sending our BCI team email testimonials sharing stories as to what our educational content has meant to their families. Moving forward, we have decided to share some of these testimonials in our blog articles. We will never use a last name unless given permission:

Thanks Alan (and Barry) for last night’s session.

I thought it was clear, for what it’s worth.

I have been using the CEO approach since early last year and it’s doing great (except for the 3 weeks I spent in Morocco – should have not set up trades – I know better).

Take care.

Frank

Upcoming events

1. Mad Hedge Investor Summit

Tuesday March 12, 2024

11 AM ET – 12 PM ET

Register here for free.

Covered Call Writing Dividend Stocks to Create a 3-Income Strategy

Covered call writing is a low-risk option-selling strategy that generates weekly or monthly cash-flow. By mastering the skill of strike price selection and adding dividend distributions, a potential 3-income strategy can be crafted with a goal of beating the market on a consistent basis.

Topics covered in this webinar include:

  • Strategy analysis
  • Option basics
  • What is covered call writing?
  • Dividend distribution
  • Stock selection
  • Option selection
  • Trade management

Real-life examples will be highlighted with Dow 30 stocks using option-chains and calculation spreadsheets.

Attendees will have the opportunity to participate in written chat box Q&A during the entire webinar.

A deeply discounted comprehensive package of educational products and tools will be offered in the final minutes of the webinar.

Register here for free.

2. Long Island Stock Traders Meetup Group (private investment club- Part II)

Thursday March 14, 2024

7:30 PM ET – 9 PM ET

Club members only

3. BCI-Only Webinar

Thursday April 11, 2024

8 PM ET – 9:30 PM ET

Topic, description and free registration information to follow.

All questions related to covered call writing and cash-secured puts will be answered in real time after the webinar presentation.

4. Stock Traders Expo- live event in Orlando Florida

October 17 -20

Details to follow.

Alan speaking at a Money Show event********************************************************************************************************************
]]>
https://www.thebluecollarinvestor.com/rolling-out-decisions-for-our-covered-call-writing-trades-3-strategies-analyzed/feed/ 11
The Importance of the 3% Guideline When Selling Out-Of-The-Money Cash-Secured Puts https://www.thebluecollarinvestor.com/the-importance-of-the-3-guideline-when-selling-out-of-the-money-cash-secured-puts/ https://www.thebluecollarinvestor.com/the-importance-of-the-3-guideline-when-selling-out-of-the-money-cash-secured-puts/#comments Sat, 24 Feb 2024 16:34:44 +0000 https://www.thebluecollarinvestor.com/?p=23921
click ↑ 4 Featured

On 10/20/2023, a BCI premium member shared with me a cash-secured put series of trades executed with Charles Shwab Corp. (NYSE: SCHW). Over the course of 9 months, SCHW dropped in price from approximately $83.00 to $50.87. This series of trades started by selling out-of-the-money (OTM) cash-secured puts which were exercised. The next 7 months involved writing (OTM) covered calls to help mitigate the severe share price decline. I was asked to analyze the trades and if continuing to write OTM covered calls was a viable solution to this losing scenario.

Overview of the SCHW trades

  • 1/13/2023: STO 2 x 3/17/2023 OTM $80.00 puts with SCHW trading at about $84.00
  • 3/17/2023: SCHW trading at approximately $57.50
  • 2 x $80.00 puts were exercised, and shares purchased at $80.00
  • Over the next 7 months OTM covered calls were sold on SCHW
  • On 10/20/2023, SCHW was trading at $50.87

Price chart summary of the SCHW trades

What is the BCI 3% guideline as it relates to selling OTM cash-secured puts?

If share price drops 3% or more below the OTM put strike, we close the put position and avoid the pain of further price decline. Of course, share price can recover, but do we want to take the chance on a security already under-performing our expectations? I submit, no. In the case of the original SCHW put trade, the threshold to close the put trade was $77.60 (3% below $80.00). This price point is 8.8% below the original price of the security ($84.00) when the put trade was initiated. Time to protect ourselves (aka bail).

A picture is worth 100 wordsComparison chart of SCHW versus the S&P 500

Of course, we are all much smarter looking back, but the graphic shows the type of scenario the BCI 3% guideline protects us from. Will this or any exit strategy benefit us 100% of the time? No, nothing works 100% of the time. However, it will protect us from catastrophic losses.

Discussion

The BCI 3% guideline is an excellent tool in mitigating substantial share price decline when selling OTM cash-secured puts. A plan must be in place prior to entering every trade, as how to take advantage of all exit strategy opportunities, whether it’s to mitigate losses or enhance gains.



Alan Ellman’s Selling Cash-Secured Puts

Using stocks and stock options to develop a low-risk, wealth-building strategy for retail investors. Selling puts is a strategy similar to, but not precisely the same as, covered call writing. Mastering either strategy is a huge opportunity for retail investors to secure our financial futures. Mastering both will allow us focus on the best investment choices depending on market conditions and personal risk tolerance.

FOR ADDITIONAL INFORMATION AND PURCHASE LINK, CLICK HERE.


Las Vegas Presentations

It was a real treat for me to meet so many members of our BCI community at my Stock Trader Expo seminars at the Paris Hotel in Las Vegas on Thursday and Friday. You made my days!

Your generous testimonials

Over the years, the BCI community has been incredibly gracious by sending our BCI team email testimonials sharing stories as to what our educational content has meant to their families. Moving forward, we have decided to share some of these testimonials in our blog articles. We will never use a last name unless given permission:

Customer Review for The Complete Encyclopedia for Covered Call Writing

D.B.

5.0 out of 5 stars Terrific resource.

Reviewed in the United States on December 19, 2022

Verified Purchase

Can take the beginner toward an intermediate to advanced process of covered calls and option investing. I have many books on investing, some with quite complex methodologies. This can definitely take you where you need to be to maximize potential profits with a step by step, illustrative manual. I am pouring through this, affirming much that I already know as well as advancing my education in this process. Readable…concise language. Highly recommend.

Upcoming events

1. Mad Hedge Investor Summit

Tuesday March 12, 2024

11 AM ET – 12 PM ET

Free registration link to follow.

Covered Call Writing Dividend Stocks to Create a 3-Income Strategy

Covered call writing is a low-risk option-selling strategy that generates weekly or monthly cash-flow. By mastering the skill of strike price selection and adding dividend distributions, a potential 3-income strategy can be crafted with a goal of beating the market on a consistent basis.

Topics covered in this webinar include:

  • Strategy analysis
  • Option basics
  • What is covered call writing?
  • Dividend distribution
  • Stock selection
  • Option selection
  • Trade management

Real-life examples will be highlighted with Dow 30 stocks using option-chains and calculation spreadsheets.

Attendees will have the opportunity to participate in written chat box Q&A during the entire webinar.

A deeply discounted comprehensive package of educational products and tools will be offered in the final minutes of the webinar.

2. Long Island Stock Traders Meetup Group (private investment club- Part II)

Thursday March 14, 2024

7:30 PM ET – 9 PM ET

Club members only

3. BCI-Only Webinar

Thursday April 11, 2024

8 PM ET – 9:30 PM ET

Topic, description and free registration information to follow.

All questions related to covered call writing and cash-secured puts will be answered in real time after the webinar presentation.

4. Stock Traders Expo- live event in Orlando Florida

October 17 -20

Details to follow.

Alan speaking at a Money Show event********************************************************************************************************************

]]>
https://www.thebluecollarinvestor.com/the-importance-of-the-3-guideline-when-selling-out-of-the-money-cash-secured-puts/feed/ 17
BCI PODCAST 120: Using the Nasdaq-100 Volatility Index (VOLQ) in Covered Call Writing Decisions https://www.thebluecollarinvestor.com/bci-podcast-120-using-the-nasdaq-100-volatility-index-volq-in-covered-call-writing-decisions/ https://www.thebluecollarinvestor.com/bci-podcast-120-using-the-nasdaq-100-volatility-index-volq-in-covered-call-writing-decisions/#respond Thu, 22 Feb 2024 10:55:00 +0000 https://www.thebluecollarinvestor.com/?p=23956 Watch Video:

Listen To Audio Version:

VOLQ measures the imp[lied volatility of the NDX or the Nasdaq 100 Index. This podcast proposes an ultra-low risk strategy based on VOLQ and QQQ, an ETF that consists of 100 of the largest non-financial companies that are listed on the Nasdaq exchange. Although the strategy is ultra-defensive, annualized returns are still significant.

The BCI Package is highlighted at the end of the podcast:

BCI investor Program

——


——
1. Premium Membership:
⁠https://www.thebluecollarinvestor.com/membership/⁠

Best Discounted Packages:
2. BCI Package, our Best and most Comprehensive Investment package:
https://thebluecollarinvestor.com/minimembership/bci-investor-program/

3. TCM Package – BCI Trade Management System:
https://thebluecollarinvestor.com/minimembership/bci-trade-management-system/

4. CEO Package – Includes TMC Package:
https://thebluecollarinvestor.com/minimembership/ceo-package/

5. BCI COURSE & PRODCUTS
https://thebluecollarinvestor.com/store/

6. FIND BCI ON AMAZON
http://amzn.to/Nx2Zqk

]]>
https://www.thebluecollarinvestor.com/bci-podcast-120-using-the-nasdaq-100-volatility-index-volq-in-covered-call-writing-decisions/feed/ 0