Alan Ellman


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

One of the ultra-low-risk strategies developed by BCI in 2020 involved selling weekly 10-Delta cash-secured puts, explains Alan Ellman of The Blue Collar Investor.
This article will evaluate the trade status after the ex-date as well as the action and trading decisions resulting from the contract adjustment, explains Alan Ellman of The Blue Collar Investor.
In 2020, BCI developed two ultra-low-risk option strategies, one using implied volatility and the other using Delta to establish low– and high-end trading ranges during our covered call writing and put-selling option contracts, explains Alan Ellman of The Blue Collar Investor.
The collar strategy is a covered-call-writing-like strategy where protective puts are added to our covered-call trades, explains Alan Ellman of The Blue Collar Investor.

Alan's Videos

Selling stock options is a proven way to lower our cost-basis and beat the market on a consistent basis. Two such low-risk strategies are covered call writing and selling cash-secured puts. This presentation will detail how to incorporate both strategies into one multi-tiered option-selling strategy, where we either generate cash-flow or buy a stock at a discount. I refer to this as the Put-Call-Put (PCP) Strategy, also referred to as the wheel strategy.

Retail investors love dividend-bearing stocks because they generate an additional income stream along with potential share appreciation. As a result, stock screening may be restricted by requiring the securities to only include dividend-bearing stocks. How many great stocks are eliminated because of this one requirement? This presentation will detail how we can use non-dividend stocks and create our own dividend-like cash flow by selling call options. The technique is better than actual dividends because share price will not decline by the dividend amount on the ex-date as do typical dividend stocks. The basics of options will initiate the seminar followed by specifics and real-life examples as to how to implement option-selling to create a dividend-like cash flow with non-dividend bearing stocks.

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

Dr. Alan Ellman will share the actual trades made in his brokerage accounts, explain the rationale of these trades, and share his results. These returns will be compared to that of the S&P 500 highlighting the benefit of lowering our cost-basis when we sell options and the critical need to master the skill of position management. The strategies used during this market aberration can be implemented in all market scenarios but are especially important in high-volatility environments.

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.
Live Now

Accredited Investors Virtual Expo

January 25 - 27, 2022