Comments on: Understanding Brokerage Statements for Covered Call Writing: A Real-Life Example with Energy Select Sector SPDR ETF (NYSE: XLE) https://www.thebluecollarinvestor.com/understanding-brokerage-statements-for-covered-call-writing-a-real-life-example-with-energy-select-sector-spdr-etf-nyse-xle/ Learn how to invest by selling stock options. Fri, 23 Jul 2021 22:38:34 +0000 hourly 1 By: James https://www.thebluecollarinvestor.com/understanding-brokerage-statements-for-covered-call-writing-a-real-life-example-with-energy-select-sector-spdr-etf-nyse-xle/#comment-438532 Fri, 23 Jul 2021 22:38:34 +0000 https://www.thebluecollarinvestor.com/?p=20013#comment-438532 In reply to Alan Ellman.

Perfect! Thanks a lot for sharing so much information! I will go through these articles this weekend.

Once again, I really appreciate all the help and knowledge that you share with all of us… 🙂

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By: Alan Ellman https://www.thebluecollarinvestor.com/understanding-brokerage-statements-for-covered-call-writing-a-real-life-example-with-energy-select-sector-spdr-etf-nyse-xle/#comment-438273 Fri, 23 Jul 2021 11:19:22 +0000 https://www.thebluecollarinvestor.com/?p=20013#comment-438273 In reply to James.

James,

As I said, I am not a proponent of leveraged ETFs but I have published several articles on this topic over the years. Here are some of the links:

https://www.thebluecollarinvestor.com/covered-call-writing-leveraged-etfs-weekly-options-and-protective-puts/

https://www.thebluecollarinvestor.com/the-mechanics-of-leveraged-exchange-traded-funds-appropriate-for-covered-call-writers/

https://www.thebluecollarinvestor.com/complex-and-leveraged-exchange-traded-funds/

https://www.thebluecollarinvestor.com/beware-of-leveraged-etfs-the-changing-face-of-exchange-traded-funds/

https://www.thebluecollarinvestor.com/leveraged-etfs-and-margin-accounts-for-high-risk-traders-only/

Much of the information I provided during my QQQ webinar will be detailed in an upcoming BCI-only webinar. Here is the preliminary information:

BCI-Only Webinar: Free Webinar Covered Call Writing and Selling Cash-Secured Puts

Covered Call Writing and Selling Cash-Secured Puts: 2 New Strategies Developed by BCI

The VOLQ-covered call strategy and Weekly 10-Delta Put-Selling strategy

August 19, 2021 (Thursday)

8 PM – 9:30 PM ET

• A link will be posted on the BCI site and emailed to all those on our mailing list as the event approaches
• No pre-registration needed
• Our platform allows the first 500 attendees to access the webinar

Make sure you are on our mailing list to ensure receiving the link. To do so, sign up for our free newsletter on the blog page of this site.

Alan

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By: Alan Ellman https://www.thebluecollarinvestor.com/understanding-brokerage-statements-for-covered-call-writing-a-real-life-example-with-energy-select-sector-spdr-etf-nyse-xle/#comment-438268 Fri, 23 Jul 2021 11:08:35 +0000 https://www.thebluecollarinvestor.com/?p=20013#comment-438268 In reply to Marc.

Marc,

You frequently will see the exercise over the weekend on our online accounts. Many brokerages will send email or text notifications of these trades.

Alan

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By: Amit https://www.thebluecollarinvestor.com/understanding-brokerage-statements-for-covered-call-writing-a-real-life-example-with-energy-select-sector-spdr-etf-nyse-xle/#comment-438145 Thu, 22 Jul 2021 23:45:16 +0000 https://www.thebluecollarinvestor.com/?p=20013#comment-438145 In reply to Alan Ellman.

Hi Alan,

Thank you.

I was writing weekly puts and calls

So I will skip next week during earnings

Thank you
Amit

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By: Alan Ellman https://www.thebluecollarinvestor.com/understanding-brokerage-statements-for-covered-call-writing-a-real-life-example-with-energy-select-sector-spdr-etf-nyse-xle/#comment-438128 Thu, 22 Jul 2021 21:42:19 +0000 https://www.thebluecollarinvestor.com/?p=20013#comment-438128 In reply to Amit.

Amit,

Since OSTK has weekly options, we can write weekly options, avoiding the week of earnings announcement and move back to monthlys after the report passes. This assumes OSTK still meets our system screening requirements.

Alan

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By: James https://www.thebluecollarinvestor.com/understanding-brokerage-statements-for-covered-call-writing-a-real-life-example-with-energy-select-sector-spdr-etf-nyse-xle/#comment-438126 Thu, 22 Jul 2021 21:32:55 +0000 https://www.thebluecollarinvestor.com/?p=20013#comment-438126 In reply to Alan Ellman.

Thanks a lot for your quick reply and also for sharing this article! 🙂

Do you have any recommended strategy for leveraged ETFs? If you have any article about leveraged ETFs, I would really appreciate if you could share it as well.

BTW, I missed your webinar (Covered Call Writing with Invesco QQQ Trust (Nasdaq: QQQ)). Is there any replay that I can watch?

Thanks!

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By: Amit https://www.thebluecollarinvestor.com/understanding-brokerage-statements-for-covered-call-writing-a-real-life-example-with-energy-select-sector-spdr-etf-nyse-xle/#comment-438097 Thu, 22 Jul 2021 19:51:45 +0000 https://www.thebluecollarinvestor.com/?p=20013#comment-438097 Hi Alan,

Good day,

I have another quick question for you.

I sold a put and got called last week, so this week i sold a call, and will continue to do that until it gets called.

My questions is as follows:
Next week, the stock (OSTK) has it’s earnings. Should I continue to sell calls next week, even though they have earnings, or should i take a week break?

Thanks
Amit.

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