The Blue Collar Investor’s Guide to: Exit Strategies for Covered Call Writing and Selling Cash-Secured Puts

This book will detail how to enter, manage and calculate trade adjustments for all market conditions. After we select the underlying security and sell the corresponding option, we immediately move into position management mode. There are over 20 exit strategies defined, as well and when and how to implement these plans. The BCI Trade Management Calculator facilitates the analysis of each exit strategy by showing initial trade entries, initial trade calculations for both each individual trade as well as that of the entire portfolio. From there we learn how to enter our trade adjustments and finally to calculate trade and total portfolio post-adjustment results. The book contains 27 chapters: Section I. Exit Strategies for Covered Call Writing 1. What is Covered Call Writing? Intro and Preview Example 2. Allowing Exercise 3. Buy Back Option/ Keep Stock 4. Expire Worthless 5. Hitting a Double/ Keeping Stock 6. Hitting a Double/ Selling Stock 7. Mid-Contract Unwind Exit Strategy 8. Rolling-Down/ Keeping Stock 9. Rolling-Down/ Selling Stock 10. Rolling-In 11. Rolling-Out 12. Rolling Out-And-Up to an ITM Strike 13. Rolling Out-And-Up to an OTM Strike 14. Using Multiple Exit Strategies Section II. Exit Strategies for Selling Cash-Secured Puts 15. What is Selling Cash-Secured Puts? Intro & Preview Example 16. 3% Guideline 17. 10% Guideline 18. 20% Guideline 19. Allowing Exercise 20. Closing ITM Puts 21. Expire Worthless 22. Rolling-Down an ITM Strike 23. Rolling-In 24. Rolling-Out ITM Strikes 25. Rolling-Up Deep OTM Put Strikes 26. Using Multiple Exit Strategies 27. PCP (Put-Call-Put) Strategy Position management is the third of the 3-required skills necessary for optimizing our option-trading results. This book will provide the investor with all the tools necessary to mitigate losses, enhance gains and turn losses into gains.