OPTIONS

Alan Ellman

President,

The Blue Collar Investor Corp.

  • Author of 7 Best-Selling Books on Stocks and Options
  • Educational Contributor to Nasdaq.com
  • Series-65 Investment Advisor License Holder

About Alan

Dr. Ellman is President of The Blue Collar Investor Corp and author of best-selling books on covered call writing and selling puts. His 4th book, Stock Investing for Students, is now required reading at several colleges. He has also produced several video courses published hundreds of articles and videos on this subject. Alan has been a frequent guest on financial forums such as the Options Industry Council's Wide World of Options and The Money Answers Radio program. He is also a national speaker for The Money Show, the Options Industry Council and the American Association of Individual Investors. Alan has also completed the Series 65-Investment Advisor Rep requirements.

Alan's Articles

Our covered-call writing and put-selling broker statements can be confusing when starting our option-selling careers, explains Alan Ellman of The Blue Collar Investor.
The PCP Strategy, called the “wheel strategy” outside the BCI community, involves selling cash-secured puts and covered calls, explains Alan Ellman of The Blue Collar Investor.
On October 6, 2020, Alex from Mexico shared with me a covered call writing trade he executed with Invesco Solar ETF (TAN). He was considering unwinding the trade using our mid-contract unwind exit strategy and wanted to know how I analyze these scenarios, explains Alan Ellman of The Blue Collar Investor.
When evaluating our covered call trades, we must understand the difference between "realized" and "unrealized" returns, explains Alan Ellman of The Blue Collar Investor.

Alan's Videos

Selling cash-secured puts is a low-risk option-selling strategy that will generate weekly or monthly cash flow. By incorporating delta and position management into the strategy, we can create an even lower-liability strategy with an even higher probability of success. Alan Ellman's presentation will include:

  • Option basics
  • Selling cash-secured puts analyzed
  • Selecting the best stocks
  • Option selection
  • Option calculations
  • The PCP (put-call-put or wheel) strategy
  • Adding the Delta component


Alan Ellman discusses his philosophy for creating options strategies based on the underlying market conditions.
Alan Ellman explains how to sell a covered call without losing your underlying stock.
One of the most important elements of option trading is selecting the right strike price. It is important to know the moneyness of your option.


Alan's Books

Alan Ellman

Selling Cash-Secured Puts: Investing to Generate Monthly Cash Flow

Using stocks and stock options to develop a low-risk, wealth-building strategy for retail investors. Selling puts is a strategy similar to, but not precisely the same as, covered call writing. Mastering either strategy is a huge opportunity for retail investors to secure our financial futures. Mastering both will allow us focus in on the best investment choices depending on market conditions and personal risk tolerance
Alan Ellman

Complete Encyclopedia for Covered Call Writing "Classic Edition"

Alan Ellman’s Encyclopedia for Covered Call Writing covers option trading basics, stock fundamental and technical analysis, exit strategies, investment basics, option calculations and much more.
Alan Ellman

Stock Investing For Students - A Plan to Get Rich Slowly and Retire Young

Self-investing starting at a young age can ensure a successful financial future and an early and comfortable retirement.