-
The Option Greeks Meet Portfolio Overwriting
Portfolio overwriting is a form of covered call writing where share retention is an additional requirement for the strategy goals. The option Greeks are financial metrics that measure the risk and pricing...
Read More -
The PCP (put-call-put or “wheel”) Strategy with Solaris Energy
Combining covered call writing and selling cash-secured puts into one multi-tiered option-selling strategy is known as the Put-Call-Put (PCP) or “Wheel” strategy. In this article, a 68-day series of such...
Read More -
The Poor Man’s Covered Call (PMCC) Strategy: A Real-Life Example
The Poor Man’s Covered Call (PMCC) is a covered call writing-like strategy where deep in-the-money LEAPS options (1–2-year expirations) are purchased and short-term out-of-the-calls are sold against the long calls. It...
Read More -
Rolling-Up 4 Cash-Secured Put Contracts: Debunking an Option Myth – July 13, 2026
It is not true that the maximum profit we can generate with a cash-secured put trade is the original put premium. Blue Collar Investors have an arsenal of exit strategies that...
Read More -
Managing Multiple Put Trades with Multiple Expirations Using the Trade Management Calculator – July 4, 2026
Calculating initial returns for our covered call writing & cash-secured put trades is intuitive and straightforward. For puts, we divide the premium by the difference between the put strike...
Read More -
Shorter-Dated Options Generate the Highest Annualized Returns – June 29, 2026
When selling cash-secured puts (or covered calls), large dollar premiums are enticing. Is a $17.00 premium better than an $11.00 premium? How about is a $20.00 premium better than that $17.00...
Read More -
From In-The-Money (ITM) to Out-Of-The-Money (OTM) Covered Calls: Mitigating Losing Trades – June 22, 2026
Selling ITM covered calls is a defensive approach to the strategy; selling OTM covered calls is a more traditional or aggressive perspective. In this article, a series of trades...
Read More -
The Put-Call-Put (PCP) or Wheel Strategy – June 15, 2026
The Put-Call-Put (PCP) or Wheel Strategy is a multi-tiered option-selling strategy that incorporates both selling cash-secured puts and covered call writing. In this article, a real-life example, taken from one of my option portfolios, will...
Read More -
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...
Read More -
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....
Read More