BCI testimonialS

Dear Alan;

First of all, Thank you!
I believe you have proposed and elaborated a way for a normal person (such as myself) a way of taking over and making my own way in this confused world (possibly made difficult on purpose?).

I have tinkered w/ Covered Calls w/ other information, and yet did not feel confident. I have ordered one of your books, and moving slowly, but am about ready to step away at 63 from working for a major Telco, but only because I have the means (several 100K of 401k) and the knowledge (assisted by you and Barry) to make my wife’s and my dream a reality.

I am not greedy, 2% is all I need. Anything additional is going first to the “bank” and then to charity as I get more confident. I have already saved several $$ as I have learned your exit strategies. What I find most encouraging is your matter of fact approach. It is quite well done.

thanks to you. So far I am at the “dangerous novice” stage, but am growing quickly!

My regards,

Glenn Sonne

Hello Dr. Ellman,

An update for you…

I switched from TDAmeritrade to Schwab this summer – early July.  StreetSmart Edge has proven to be much easier to use than Think or Swim for me at least.  In one month with an account just south of $200.000.00 and most of it tied up in other investments at that(!), we are up over 14%.

Your “common sense” leg has proven to be invaluable; watching out for earnings dates – irreplaceable; and getting to know the stocks you are in – wise.

AAPL, WTW, SRPT, MU have been workhorses in this success.  Except…AAPL has not been with CCW.  I have one $200 strike for October (for premium) that is now ITM, but I let the other 100 shares uncovered.  With earnings coming up, I thought it would be better to ride it out – although I did buy an inexpensive Put for some insurance.

I’m learning by doing, but you have given me wonderful tools to use and I am grateful.

 Bless you, sir.

Randy

Hi Alan,
It’s been a while since we talked, but I have to say you are one of the few people in my later life that have helped this retired dentist enjoying his retirement. Writing calls on good stocks in my portfolio has allowed me to
A weekly income around $2000/ weekly. Sometimes more! I’m conservative but the BCI guidelines and how you’ve laid the groundwork have helped immensely.
Thank you my brother, and God Bless!
Kind regards,

Richard

Hi Alan:

Thank you so much
to sell on another stock, Trade had 0 open interest and yet its ask-bid spread was terrific! nevertheless, I didn’t dare to violate the open interest rules. So thinking that things would settle down Tuesday, I decided to wait till today to sell most of my contracts (even though I had bought all the 5 stocks on Monday). That presents me with a question regarding the cost basis for the option calculations in the Ellman calculator. Because I sold the contracts on a different day than when I bought the stocks. I don’t know if that is a problem in your mind? My broker, Vanguard doesn’t have the option of buy-write for us or at least I haven’t seen it.

In any event I entered my positions today and I am very hopeful that I can be successful in this. Your BCI methodology is so intelligent and scientific (I hope you don’t mind me saying this) and it gives us the blue collar investors the tools to succeed. I realize that nobody can predict the stock market but with your methodology we have the science to make intelligent decisions. I look forward to reading your book the classic edition of the Encyclopedia.

Thank you again for your responses, I certainly appreciate the correspondence.

Best

Kaveh

Dear Alan,
When Rolling the short call in a PMCC are you required to adhere to the same rules you apply when initially structuring the trade, namely that the difference in the strikes plus the short premium must be greater than the cost of the LEAPS, and also that the EV of the short call must be greater than that of the LEAPS?
By the way, I have absent from the fold for a couple a years pursuing other options pipe-dreams. The only thing I’ve learned is that there are no other option strategies that are as dependable as those that you and your BCI team advocate. And there is no better educator on all this option stuff than you.
Regards,

Ira

Dear Dr. Alan,
My son’s, John, and my impressions from attending your presentation are: You are a genius and honest man. Thank you very much. If you visit San Diego, please let’s know. We will welcome you. We’ll purchase the whole package.

Suhail

Good morning Alan,

My name is FRANCESCO GUERINI, italian national, living in the UAE, commercial airline pilot, 34 years old.

I have been following your blogs and videos for some time and I have been really really impressed, thank you so much for your work! The feedback I have seen on BCI is truly amazing!

I have a basic understanding of options and strategies thanks to Tastytrade, I have an account at Tastyworks already funded (about 200K $ in it).

I would like to get  started on your covered call and cash secured puts writing strategy on that account.

What books/videos/dvds would you recommend from your vast and comprehensive library? (I’d prefer mostly ebooks if possible due to the worldwide travelling nature of my job)

Since I live outside the US I would like to order everything I need in one go so I can ship them to the UAE to lower my shipping costs associated to the purchase.

Thank you very much for your kind help, it would be a honour to meet you some day!

Best regards
Francesco Guerini

Francesco Guerini

I have slowly but surely converted from being a mutual fund investor to being a long term stock/ETF investor, position trader and swing trader. However… I have always been intimidated by option trading. It just seemed so complicated and inaccessible. I have visited the OIC website… the Fidelity Learning Center and taken a couple of online courses. I found it very difficult to “get it”. i saw Alan Ellman speak at a local venue on Long Island and was very impressed and excited by his presentation. It took me a while to act but eventually I bought his book “Complete Encyclopedia for Covered Call Writing”. Wow… it was a revelation! Alan presents the subject of covered call writing in a way that is easy to understand. He doesn’t overload you with details that are not necessary for you to master in order to get started with option trading. His book is very well written… Clear, Concise … with just the right amount of humor. I feel that for anyone wanting to get started with options trading covered call writing is the best way to start. Alan presents a simple yet extremely well thought out game plan for you to follow. And p.s. check out his website… just an amazing amount of valuable, ​informative info​…​. ed boyce

Hi Alan,

I have just become a BCI investor. 2 weeks ago I purchased the stock TEAM and sold an Apr 18th call. At the time there was no earnings report date set. In the the last newsletter TEAM has an earnings report due on the 18th Apr.

Does the BCI methodology recommend immediately closing the position or is it ok to hold until the day before the earnings report is due. I was thinking that I would hold the position open until 1 day before the report date.

My first month using BCI has been awesome. I have already generated $2300 in selling calls and currently have $1600 in stock appreciation. I am trading with $53000, so the returns are amazing. This more than covers the subscription cost for the year. I have been trading for 15 years and your methodology is by far the best I have seen.

Regards Mark

VIDEO MEMBERSHIP

THE NETFLIX FOR INVESTORS
$20/month
Get unlimted access to over 200+ videos

premium MEMBERSHIP

Have you learned the options trading system but want to make it even easier to implement? Our membership service offers all the benefits of our diligent research and analysis without all the work.