The Blue Collar Investor

Rolling-down is one of the covered call writing exit strategy opportunities we can benefit from. In this podcast, a real-life example with WSM is examined where a 5% share loss is mitigated down to 0.9%. Calculations using the multiple tab of the BCI calculators is detailed. The following links are mentioned at the end of the podcast: Premium Membership: ⁠https://www.thebluecollarinvestor.com/memb...

Implied volatility is critical to our understanding and implementation of our covered call writing and put-selling trades. But, what about IV Rank and IV Percentile. This podcast will define and explain all IV terms and offer perspectives of when and where they have applications. The following links are mentioned at the end of the podcast: Premium Membership: ⁠https://www.thebluecollarinvestor.com...

Implied volatility is critical to our understanding and implementation of our covered call writing and put-selling trades. But, what about IV Rank and IV Percentile. This podcast will define and explain all IV terms and offer perspectives of when and where they have applications. The following links are mentioned at the end pf the podcast: Premium Membership: ⁠https://www.thebluecollarinvestor.com...

When a covered call option moves deep in-the-money early in the contract, exit strategy opportunities will present. Should we roll the option out or out-and-up? Should we close both legs of the covered call trade or should we take no action? This podcast will evaluate a real-life trade with JD.com, Inc. where all 3 choices will be considered and evaluated. Calculations using our BCI spreadsheets w...

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: https://thebluecollarinvestor.com/minimembership/bci-investor-program/ Premium Memb...

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: https...

There are 2 distinct cost-basis scenarios for covered call writing: 1. Trade initiation cost-basis: Stock price at the time of the trade for at-the-money and out-of-the-money strikes The strike price for in-the-money strikes as we deduct the intrinsic-value of the premium from the stock price If we buy a stock for $52.00 and sell the $50.00 call for $3.00, $2.00 is intrinsic-value and that “buys-d...

An analysis of the Dow 30 stocks is highlighted to show how to diversify by stock, industry and allocate a similar amount of cash per-position. The BCI Package (our best and most comprehensive investment package) is mentioned. https://thebluecollarinvestor.com/minimembership/bci-investor-program/ Premium Membership: ⁠https://www.thebluecollarinvestor.com/membership/⁠ ----- Best Discounted Packages...

This actually occurred with Amazon.com. This podcast evaluates the initial trade structuring, calculations, viability of rolling the option as well as lessons learned to sharpen our trading skills. The BCI Package (our best and most comprehensive investment package) is mentioned. https://thebluecollarinvestor.com/minimembership/bci-investor-program/ Premium Membership: ⁠https://www.thebluecollarin...

Covered call writing trades can be implemented in 2 ways. We can use legging-in where the trade is accomplished in 2 distinct trades and with the buy/write combination form where the stock is purchased and the option sold simultaneously with a new debit limit order. Both approaches are shown using a real-life example with CORT. Premium Membership: https://www.thebluecollarinvestor.com/membership/...

When calculating our covered call writing trades, we must have a clear idea as to what our cost-=basis is at the time of the trade. This may be quite different from an overall series of trades or for tax purposes. This podcast will focus on a real-life example with SIL to shop 3 different cost-basis stats used when rolling an option out-and-up from Friday to the following Monday.. Premium Membersh...

When initiating our PMCC trades, we must make sure the long and short call strikes meet our specific initial trade structuring formula. This equation is explained and used with a real-life example with SPY. Measuring time-value components is critical to all aspects of these trades. Premium Membership: https://www.thebluecollarinvestor.com/membership/ ----- Best Discounted Packages: 1. BCI Package,...

Collar trades are covered call writing trades with a protective put. This podcast will discuss strike selection, calculations and rationale for structuring our collar collar trades. The BCI Collar Calculator will manage the calculations after reviewing the option-chain. A real-life example with AMD will be highlighted. Premium Membership: https://www.thebluecollarinvestor.com/membership/ ----- Bes...

This podcast will evaluate the best-performing Dow 30 stocks and craft a 3-income strategy which incorporates share appreciation, option premium and dividend capture. Methodology on stock selection, option selection and risk avoidance will be included. Premium Membership: https://www.thebluecollarinvestor.com/membership/ ----- Best Discounted Packages: 1. BCI Package, our Best and most Comprehensi...

Exit strategies are critical to achieving the highest degree of trading success. This podcast will highlight a trade executed with XLV where there was an 1800 point drop in the Dow 30. It demonstrates how to mitigate losses using preparation and opportunity. Premium Membership: https://www.thebluecollarinvestor.com/membership/ ----- Best Discounted Packages: 1. BCI Package, our Best and most Compr...

In this podcast, a series of real-life covered call writing trades will be analyzed with MGM. Initial trade structuring, exit strategy implementation and trade timing are key components of this podcast. Premium Membership: https://www.thebluecollarinvestor.com/membership/ ----- Best Discounted Packages: 1. BCI Package, our Best and most Comprehensive Investment package: https://thebluecollarinvest...

Should our covered call writing strikes be determined by the delta of those strikes? This podcast will make a case that our strikes should be based and our strategy initial return goals, personal risk-tolerance and overall market assessment. A real-life example with AMD with a defensive posture will be detailed along with calculations and rationale for these trades. Premium Membership: https://www...

Using the correct cost-basis statistic is critical to our option-selling success. This podcast will highlight the appropriate cost-basis when initiating a covered call writing trade, when managing that trade and after closing all legs of the trade. The cost-basis is not the same for these transactions. A real-life example with KWEB will be used. Premium Membership: https://www.thebluecollarinvesto...

Corporate events like mergers and acquisitions, special 1-time dividends and stock splits will result in changing parameters of our option contracts. This can become confusing. In this podcast, even and odd stock splits and the resulting contract adjustments will be discussed with real-life examples. Premium Membership: https://www.thebluecollarinvestor.com/membership/ ----- Best Discounted Packag...

Managing our covered call trades with exit strategies will allow us to maximize our returns as we mitigate losses and enhance gains. In this podcast, generating 2 income streams in the same contract month with the same stock and investment resulted in more than doubling the initial returns. Premium Membership: https://www.thebluecollarinvestor.com/membership/ ----- Best Discounted Packages: 1. BCI...

Exit strategies are critical to our overall option-trading success. This podcasts will detail how to roll options, both up and down, when using the PMCC strategy. The BCI PMCC Calculator will be used to facilitate our trading decisions. Premium Membership: https://www.thebluecollarinvestor.com/membership/ ----- Best Discounted Packages: 1. BCI Package, our Best and most Comprehensive Investment pa...

Special 1-time cash and equity dividends will result in option contract adjustments. The Options Clearing Corporation (OCC) will make the alterations such that buyers and sellers of calls and put remain "whole" Ticker symbols and deliverables may change or tickers may stay the same while strikes are reduced. 2 real-life examples will help expalin these changes. Premium Membership: https://www.theb...

This podcast discusses the pros and cons when using longer-term put expirations with our collar trades. These are covered call writing trades with additional protective puts. The BCI Collar Calculator will assist with the trade returns which, on the surface, appear impressive but the negatives will also be discussed. Premium Membership: https://www.thebluecollarinvestor.com/membership/ ----- Best...

This podcast represents an analysis of the investor's thought process based on examination of the stocks and options selected for this covered call writing portfolio. Included in the podcast are discussions of personal risk-tolerance, implied volatility, initial time-value returns, the "moneyness" of options, price charts and calculations with the Ellman Calculator. Premium Membership: https://www...

One of our covered call writing exit strategy opportunities involves closing the original option and re-selling it a second time, thereby generating 2 income streams in the same contract month. In the BCI methodology, this is referred to as "Hitting a Double" This podcast shows a real-life example with QQQ on the last day of a contract Premium Membership: https://www.thebluecollarinvestor.com/memb...