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Setting Up a Bitcoin Collar Trade Using the BCI Collar Calculator – June 8, 2026
The most well-known form of cryptocurrency is Bitcoin. I am frequently asked about the use of crypto with our covered call and cash-secured put trades. In this article, a 29-day collar...
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How to Establish a Bear Market Cash-Secured Put Trade- June 1st, 2026
When we sell cash-secured puts, we are contractually obligated to buy shares at the strike price by the expiration date, should the option buyer decide to exercise that option....
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Stock Entry Price on Monday After a Covered Call Expired Worthless on Friday – May 26th, 2026
We write an out-of-the-money (OTM) covered call and share price moves up but does not breach the OTM strike by expiration Friday, so the option expires worthless. What price do...
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Using Options to Convert a 9.5% Annualized Loss to a 25.3% Annualized Gain – May 18, 2026
Covered call writing & selling cash-secured puts lower our cost-basis and generate cash flow. These are low-risk (not no-risk) option selling strategies. In this article, a 12-day real-life (from...
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Managing Trades When Strikes Expire Both In-The-Money & Out-Of-The-Money for the Same Stock – May 11, 2026
In previous publications, laddering covered call strikes with the same expiration dates was discussed. This article will address scenarios when the ITM strikes remain ITM and the OTM strikes remain OTM...
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Laddering Covered Call Strikes Based on Market Assessment and Risk Tolerance – May 4, 2026
What strike should I select for my covered call trades? In-the-money (ITM), out-of-the-money (OTM), how far out, how far in? This apparent dilemma can easily be navigated by identifying...
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Covered Call Strike Selection When Using the PCP or Wheel Strategy – April 27, 2026
The PCP (Put-Call-Put) or Wheel Strategy is a multi-tiered option-selling strategy that combines selling cash-secured puts and covered call writing. In the BCI methodology, we (almost) always use out-of-the-money (OTM) put strikes,...
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How to Setup a Technology Collar Trade – April 20, 2026
The collar strategy is a covered call writing-like strategy where a protective put is added to the covered call trade. Typically, an OTM call represents a ceiling to the trade (maximum gain) and...
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Setting Up a $50k Covered Call Writing ETF Portfolio – April 13, 2026
Covered call writing portfolios are structured based on cash available, the # of securities used to maximize diversification, as well as appropriate cash allocation and initial time-value return range...
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Using 2 Standard Deviations to Determine the Risk of Exercise of a High Implied Volatility Stock When Covered Call Writing – April 6, 2026
Portfolio overwriting (PO) is a form of covered call writing where, in addition to generating cash flow, we also want to retain the underlying shares. Achieving both goals may become...
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