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Ask Alan #241: To close or not to close, that is the question

Ask Alan #241: To close or not to close, that is the question

Apr 15, 2026 | Ask Alan

 Hi Alan, I bought NEM at $98.68 and sold the $100 call and now it is trading at $113.70. I can’t make any more money. I’m not sure if I should close the trade or let the shares be sold. I don’t care about losing the stock. Any guidance is...
BCI PODCAST 168: Collar Trades, the rationale for maximum gains and losses

BCI PODCAST 168: Collar Trades, the rationale for maximum gains and losses

Mar 19, 2026 | Podcasts

Collar trades are covered call writing + protective puts. There is a floor and a ceiling on each position. The option side should result in a net credit when structuring our trades. The stock side will result in a gain, loss or breakeven. This podcast will show...
Ask Alan #241: To close or not to close, that is the question

Ask Alan #240: Covered Call Strike Selection with the “Wheel” or Put-Call-Put (PCP) Strategy

Mar 11, 2026 | Ask Alan

 Hi Alan, I love your put-call-put strategy, using both covered calls and puts. I know you use out-of-the-money puts, but do you also use out-of-the-money calls? Thanks for your help. Lloyd   Free Resources: BCI-Free-Resources Premium Membership:...
BCI PODCAST 100: Analyzing LEAPS for The Poor Man’s Covered call Strategy (PMCC)

BCI PODCAST 100: Analyzing LEAPS for The Poor Man’s Covered call Strategy (PMCC)

Mar 29, 2023 | Podcasts

Watch Video: Listen To Audio Version: The PMCC allows investors to enter a covered call at a much lower cost than traditional covered call writing. There are pros and cons to this strategy. This podcast will detail how to use Delta to assist in the selection of our...
Creating a Portfolio of Weekly Cash-Secured Puts

Creating a Portfolio of Weekly Cash-Secured Puts

Aug 29, 2020 | Investment Basics, Option Trading Basics, Options Calculations, Options Trade Execution, Put-selling, Stock Option Strategies

Selling cash-secured puts is a strategy similar to, but not precisely the same, as covered call writing. In February 2020, Chevy wrote to me asking for an article or video addressing weekly cash-secured puts, a strategy he was using and looking to enhance.   The...
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Recent Posts

  • Laddering Covered Call Strikes Based on Market Assessment and Risk Tolerance May 2, 2026
  • Covered Call Strike Selection When Using the PCP or Wheel Strategy April 25, 2026
  • BCI PODCAST 170: Analyzing the Cost-To-Close a Covered Call Trade Mid-Contract April 23, 2026
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How Alan Got Started with Stock Options.

https://youtu.be/ZGutJdMO-9I

Why Covered Call Options May Be Your Best Investing Strategy

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Nasdaq Interviews Alan Ellman

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