{"id":206012,"date":"2018-06-02T22:45:28","date_gmt":"2018-06-03T02:45:28","guid":{"rendered":"https:\/\/thebluecollarinvestor.com\/minimembership\/?page_id=206012"},"modified":"2025-06-21T03:54:46","modified_gmt":"2025-06-21T07:54:46","slug":"covered-call-writing-alernative-strategies","status":"publish","type":"page","link":"https:\/\/thebluecollarinvestor.com\/minimembership\/covered-call-writing-alernative-strategies\/","title":{"rendered":"Covered Call Writing Alernative Strategies"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; background_video_webm=&#8221;https:\/\/thebluecollarinvestor.com\/minimembership\/wp-content\/uploads\/2018\/06\/Animation.mp4&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font=&#8221;|||on|||||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3 style=\"text-align: center;\"><strong>Covered Call Writing Alternative Strategies<\/strong><\/h3>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]Portfolio Overwriting- using stocks in buy-and-hold portfolios<br \/>\nThe Collar Strategy- using protective puts<br \/>\nThe Poor Man\u2019s Covered Call- using LEAPS options<br \/>\n&#8212;&#8212;&#8212;-<br \/>\nCovered call writing is a cash-generating strategy that lowers our cost basis thereby improving our opportunities for successful investments. One of the many benefits of incorporating this strategy into our investment portfolios is that the system can be crafted to meet our trading style, market assessment, portfolio net worth and personal risk tolerance. This book details three such covered call writing-like strategies that will highlight:[\/et_pb_text][et_pb_toggle title=&#8221;Read More &#8221; open_toggle_text_color=&#8221;#000000&#8243; open_toggle_background_color=&#8221;#ffffff&#8221; closed_toggle_text_color=&#8221;#000000&#8243; closed_toggle_background_color=&#8221;#d3d3d3&#8243; icon_color=&#8221;#898989&#8243; open_icon_color=&#8221;#898989&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]\u2022 Option basics<br \/>\n\u2022 Practical application<br \/>\n\u2022 Calculations<br \/>\n\u2022 Real-life examples<br \/>\n\u2022 Role of brokerages<br \/>\n\u2022 Pros and cons of strategies<br \/>\n\u2022 Option Greeks<br \/>\n\u2022 Exit strategies<br \/>\n\u2022 Flow charts<br \/>\n\u2022 Calculator user guides<br \/>\n\u2022 And much more[\/et_pb_toggle][et_pb_text _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span>List price: $35<br \/><\/span><span><b>BCI web price: $29<\/b><\/span><\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;https:\/\/thebluecollarinvestor.com\/minimembership\/register\/softcover-covered-call-writing-alternative-strategies\/&#8221; button_text=&#8221; Paperback Buy now $29&#8243; _builder_version=&#8221;4.27.4&#8243; custom_button=&#8221;on&#8221; button_text_color=&#8221;#ffffff&#8221; button_bg_color=&#8221;#0c71c3&#8243; button_border_width=&#8221;2px&#8221; button_border_radius=&#8221;37px&#8221; button_font=&#8221;|||on|||||&#8221; button_use_icon=&#8221;off&#8221; hover_enabled=&#8221;0&#8243; button_text_color_hover=&#8221;#ffffff&#8221; button_bg_color_hover=&#8221;#001a56&#8243; global_colors_info=&#8221;{}&#8221; button_text_size__hover_enabled=&#8221;off&#8221; button_one_text_size__hover_enabled=&#8221;off&#8221; button_two_text_size__hover_enabled=&#8221;off&#8221; button_text_color__hover_enabled=&#8221;on&#8221; button_text_color__hover=&#8221;#ffffff&#8221; button_one_text_color__hover_enabled=&#8221;off&#8221; button_two_text_color__hover_enabled=&#8221;off&#8221; button_border_width__hover_enabled=&#8221;off&#8221; button_one_border_width__hover_enabled=&#8221;off&#8221; button_two_border_width__hover_enabled=&#8221;off&#8221; button_border_color__hover_enabled=&#8221;off&#8221; button_one_border_color__hover_enabled=&#8221;off&#8221; button_two_border_color__hover_enabled=&#8221;off&#8221; button_border_radius__hover_enabled=&#8221;off&#8221; button_one_border_radius__hover_enabled=&#8221;off&#8221; button_two_border_radius__hover_enabled=&#8221;off&#8221; button_letter_spacing__hover_enabled=&#8221;off&#8221; button_one_letter_spacing__hover_enabled=&#8221;off&#8221; button_two_letter_spacing__hover_enabled=&#8221;off&#8221; button_bg_color__hover_enabled=&#8221;on&#8221; button_bg_color__hover=&#8221;#001a56&#8243; button_one_bg_color__hover_enabled=&#8221;off&#8221; button_two_bg_color__hover_enabled=&#8221;off&#8221; sticky_enabled=&#8221;0&#8243;][\/et_pb_button][et_pb_button button_url=&#8221;https:\/\/thebluecollarinvestor.com\/minimembership\/covered-call-writing-alternative-strategies-ebook\/&#8221; button_text=&#8221; ebook Buy now $14&#8243; _builder_version=&#8221;4.25.1&#8243; custom_button=&#8221;on&#8221; button_text_color=&#8221;#ffffff&#8221; button_bg_color=&#8221;#0c71c3&#8243; button_border_width=&#8221;2px&#8221; button_border_radius=&#8221;37px&#8221; button_font=&#8221;|||on|||||&#8221; button_use_icon=&#8221;off&#8221; button_text_color_hover=&#8221;#ffffff&#8221; button_bg_color_hover=&#8221;#001a56&#8243; global_colors_info=&#8221;{}&#8221; button_text_size__hover_enabled=&#8221;off&#8221; button_one_text_size__hover_enabled=&#8221;off&#8221; button_two_text_size__hover_enabled=&#8221;off&#8221; button_text_color__hover_enabled=&#8221;on&#8221; button_text_color__hover=&#8221;#ffffff&#8221; button_one_text_color__hover_enabled=&#8221;off&#8221; button_two_text_color__hover_enabled=&#8221;off&#8221; button_border_width__hover_enabled=&#8221;off&#8221; button_one_border_width__hover_enabled=&#8221;off&#8221; button_two_border_width__hover_enabled=&#8221;off&#8221; button_border_color__hover_enabled=&#8221;off&#8221; button_one_border_color__hover_enabled=&#8221;off&#8221; button_two_border_color__hover_enabled=&#8221;off&#8221; button_border_radius__hover_enabled=&#8221;off&#8221; button_one_border_radius__hover_enabled=&#8221;off&#8221; button_two_border_radius__hover_enabled=&#8221;off&#8221; button_letter_spacing__hover_enabled=&#8221;off&#8221; button_one_letter_spacing__hover_enabled=&#8221;off&#8221; button_two_letter_spacing__hover_enabled=&#8221;off&#8221; button_bg_color__hover_enabled=&#8221;on&#8221; button_bg_color__hover=&#8221;#001a56&#8243; button_one_bg_color__hover_enabled=&#8221;off&#8221; button_two_bg_color__hover_enabled=&#8221;off&#8221;][\/et_pb_button][et_pb_text _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>This book works side by side with the\u00a0<span>Calculator Package\u00a0<\/span><span>which \u00a0includes:<\/span><br \/> <span>1. <span style=\"color: #ff6600;\"><strong><a href=\"https:\/\/thebluecollarinvestor.com\/minimembership\/poor-mans-covered-call-calculator\/\" style=\"color: #ff6600;\">PMCC Calculator<\/a><\/strong><\/span><\/span><br \/> <span>2.\u00a0<span style=\"color: #ff6600;\"><strong><a href=\"https:\/\/thebluecollarinvestor.com\/minimembership\/collar-calculator\/\" style=\"color: #ff6600;\">BCI Collar Calculator<\/a><\/strong><\/span><\/span><br \/> <span>3.\u00a0<span style=\"color: #ff6600;\"><strong><a href=\"https:\/\/thebluecollarinvestor.com\/minimembership\/portfolio-overwriting-calculator\/\" style=\"color: #ff6600;\">BCI Portfolio Overwriting Calculator<br \/> <\/a><\/strong><\/span><\/span>4. <span style=\"color: #ff6600;\"><strong><a href=\"https:\/\/thebluecollarinvestor.com\/minimembership\/calculator-package\/\" style=\"color: #ff6600;\">Calculator Package<\/a><\/strong><\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_image src=&#8221;https:\/\/thebluecollarinvestor.com\/minimembership\/wp-content\/uploads\/2022\/12\/softcover-1.jpg&#8221; title_text=&#8221;softcover-1&#8243; align_tablet=&#8221;center&#8221; align_phone=&#8221;center&#8221; align_last_edited=&#8221;on|desktop&#8221; _builder_version=&#8221;4.19.1&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; background_color=&#8221;#f7f7f7&#8243; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_type=&#8221;circular&#8221; background_color_gradient_stops=&#8221;#ffffff 0%|#cccccc 100%&#8221; background_color_gradient_start=&#8221;#ffffff&#8221; background_color_gradient_end=&#8221;#cccccc&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Table of contents<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row module_class=&#8221; et_pb_row_fullwidth&#8221; _builder_version=&#8221;4.16&#8243; background_color=&#8221;#ffffff&#8221; width=&#8221;89%&#8221; width_tablet=&#8221;80%&#8221; width_phone=&#8221;80%&#8221; width_last_edited=&#8221;on|desktop&#8221; max_width=&#8221;89%&#8221; max_width_tablet=&#8221;80%&#8221; max_width_phone=&#8221;80%&#8221; max_width_last_edited=&#8221;on|desktop&#8221; custom_padding=&#8221;|5px||4px&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_horizontal=&#8221;2px&#8221; make_fullwidth=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_tabs _builder_version=&#8221;4.16&#8243; tab_font=&#8221;||||||||&#8221; tab_font_size=&#8221;13px&#8221; tab_font_size_tablet=&#8221;&#8221; tab_font_size_phone=&#8221;&#8221; tab_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_tab title=&#8221;Section I. Portfolio Overwriting&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span>1. What is Covered Call Writing? Intro and Preview Example<\/span><\/p>\n<p><span>2. Option Basics<\/span><\/p>\n<p><span>3. Option chains and Calculations<\/span><\/p>\n<p><span>4. Practical Application for Portfolio Overwriting<\/span><\/p>\n<p>[\/et_pb_tab][et_pb_tab title=&#8221;Section II. The Collar Strategy&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span>1. What is a Collar?<\/span><\/p>\n<p><span>2. Uses for the Collar<\/span><\/p>\n<p><span>3. Establishing the Foundation for Collar Trading<\/span><\/p>\n<p><span>4. Calculations<\/span><\/p>\n<p><span>5. Entering a Collar Trade<\/span><\/p>\n<p><span>6. Types of Collars \/ Real-Life Examples<\/span><\/p>\n<p><span>7. Discussion<\/span><\/p>\n<p>[\/et_pb_tab][et_pb_tab title=&#8221;Section III. The Poor Man\u2019s Covered Call (PMCC)&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]1. What is the \u201cPoor Man\u2019s Covered Call?<\/p>\n<p>2. Role of the Brokerages<\/p>\n<p>3. Pros and Cons of the PMCC<\/p>\n<p>4. Best Underlyings to Consider<\/p>\n<p>5. Setting Up the Initial Trade<\/p>\n<p>6. Calculations<\/p>\n<p>7. The Option Greeks<\/p>\n<p>8. Exit Strategies \/ Position Management<\/p>\n<p>9. Additional Information and Educational Resources[\/et_pb_tab][et_pb_tab title=&#8221;Appendix&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]I. Key Takeaways<\/p>\n<p>II. PMCC Flow Chart<\/p>\n<p>III. More Educational Products<\/p>\n<p>IV. Free Resources<\/p>\n<p>V. Portfolio Overwriting Calculator User Guide<br \/>\nVI. Collar Calculator User Guide<\/p>\n<p>VII. Poor Man\u2019s Covered Call Calculator User Guide<\/p>\n<p>VIII. Basic Ellman Calculator User Guide<\/p>\n<p>Glossary<\/p>\n<p>About the Authors<\/p>\n<p>Index[\/et_pb_tab][\/et_pb_tabs][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><strong>Downloads\u00a0<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_blurb title=&#8221;Table of contents&#8221; use_icon=&#8221;on&#8221; font_icon=&#8221;&#xe004;||divi||400&#8243; icon_color=&#8221;#000000&#8243; icon_placement=&#8221;left&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><a href=\"https:\/\/thebluecollarinvestor.com\/minimembership\/wp-content\/uploads\/2018\/06\/CCWAS_Table-of-Contents.docx\">Download\u00a0<\/a><\/p>\n<p>[\/et_pb_blurb][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_blurb title=&#8221;Introduction&#8221; use_icon=&#8221;on&#8221; font_icon=&#8221;&#xe004;||divi||400&#8243; icon_color=&#8221;#000000&#8243; icon_placement=&#8221;left&#8221; _builder_version=&#8221;4.16&#8243; header_font=&#8221;||||||||&#8221; header_text_align=&#8221;left&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><a href=\"https:\/\/thebluecollarinvestor.com\/minimembership\/wp-content\/uploads\/2018\/06\/CCWAS_Introduction.docx\">Download\u00a0<\/a><\/p>\n<p>[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Covered Call Writing Alternative StrategiesPortfolio Overwriting- using stocks in buy-and-hold portfolios The Collar Strategy- using protective puts The Poor Man\u2019s Covered Call- using LEAPS options &#8212;&#8212;&#8212;- Covered call writing is a cash-generating strategy that lowers our cost basis thereby improving our opportunities for successful investments. One of the many benefits of incorporating this strategy into [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-206012","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/thebluecollarinvestor.com\/minimembership\/wp-json\/wp\/v2\/pages\/206012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thebluecollarinvestor.com\/minimembership\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/thebluecollarinvestor.com\/minimembership\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/thebluecollarinvestor.com\/minimembership\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thebluecollarinvestor.com\/minimembership\/wp-json\/wp\/v2\/comments?post=206012"}],"version-history":[{"count":0,"href":"https:\/\/thebluecollarinvestor.com\/minimembership\/wp-json\/wp\/v2\/pages\/206012\/revisions"}],"wp:attachment":[{"href":"https:\/\/thebluecollarinvestor.com\/minimembership\/wp-json\/wp\/v2\/media?parent=206012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}