How to Enter & Calculate Closing a Weekly Put Trade After Rolling the Option in the Same Contract Cycle + Alan’s Wealth365 Webinar Registration Link

When we sell cash-secured puts, we are undertaking the contractual obligation to buy shares at the strike price by the expiration date. The option seller (that’s us) sets those parameters. In return, we receive a cash premium. The implementation of exit strategy opportunities allows us to maximize the success of our trades. This article will detail how to enter and calculate put trades that are both rolled-up and closed prior to contract expiration using a hypothetical example with Company BCI. The information provided applies to all expirations, not only weeklys.


BCI weekly example

  • 9/19/2022: BCI trading at $84.00
  • 9/19/2022: STO the 9/23/2022 weekly $76.00 put at $0.37
  • 9/21/2022: BCI trading at $90.00
  • 9/21/2022: BTC the 9/23/2022 $76.00 put at $0.05
  • 9/21/2022: STO the 9/23/2022 $84.00 put at $0.27 (roll-up)
  • 9/23/2022 (expiration Friday: BCI trading at $83.00, and we want to avoid exercise
  • 9/23/2022: BTC the 9/23/2022 $84.00 put at $0.37


Initial trade entries & Calculations + Roll-up entries & Calculations

BCI Put Calculations Using the TMC Spreadsheet

Note the following:

  • The initial 5-day return is 0.49%, 35.71% annualized
  • After rolling-up, the return moves from 0.49% to 0.78%


How to enter closing the trade to avoid exercise and calculate final trade results

BCI: Final Trade Entries & Calculations

Note the following:

  • The rolled-up premium was changed from $0.27 to -$0.10
  • This incorporates the $0.37 BTC debit
  • The final trade result at the end of the 5-day period is 0.29%
  • This annualizes to 21.17% (not shown in spreadsheet)


Trade notation in the Put Trade Journal aspect of the TMC spreadsheet

BCI Put Trade Notation in the TMC Trade Journal



Entering and calculating our initial put (covered call as well) trades is only our first step in achieving and archiving accurate final trade results. We must also incorporate trade adjustments during the course of the contract cycle, if any. This article highlighted how to enter & calculate a put trade that was rolled-up and then closed prior to contract expiration.


Premium Member Benefits Video

This is a great time to join our premium member community with its stock screening and educational (over 200 videos) benefits. We offer more benefits than ever before. For information, click here.

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Your generous testimonials

Over the years, the BCI community has been incredibly gracious by sending our BCI teaemail testimonials sharing stories as to what our educational content has meant to their families. Moving forward, we have decided to share some of these testimonials in our blog articles. We will never use a last name unless given permission:

Hello from Bangkok, Alan:

It has been more than 10 years since last I had the privilege of a brief question/answer with you, and I have continued to follow your ‘second career’ ever since.

Congratulations on your growth in success and stature world-wide…it is so deserved, and I truly admire your enthusiasm, tenacity and commitment to providing straight-forward, useful and legitimate advice to your legions of followers.

I am now over 80 years old and have been and continue to be a beneficiary of your very honest, sound advice and encouragement.

I thank you sincerely.

As they say in Thai, ‘chok dii maak maak,” (good luck) for your continued success.

All the best,



Upcoming events

1.Wealth365 Investor Summit

Thursday October 13, 2022

Register for free here

Using Both Covered Call Writing and Put-Selling to Generate Monthly Cash Flow

The PCP Strategy (Put-Call-Put or “wheel” strategy)

Hosted by:

Dr. Alan Ellman, President of The Blue Collar Investor Corp.

Barry Bergman, BCI managing Director

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.

The basics and pros and cons are discussed as well as a real-life example and introduction into the BCI PCP Calculator. This seminar is appropriate for those who look to generate modest, but consistent, returns which will enable us to beat the market on a steady basis while focusing in on capital preservation.

Registration link


2.Money Show Orlando live event

October 30th – November 1st, 2022


Visit Alan, Barry and members of the BCI team at Booth # 415

Register here


Sunday, October 30, 2022, at 5:00 pm – 5:45 pm EDT
Covered Call Writing: Multiple Applications Based on Current Market Conditions

Monday, October 31, 2022, at 4:30 pm – 6:30 pm EDT
Selling Cash-Secured Puts: Detailed Start-to-Finish Six-Part Program*


Masters Class

Comprehensive Course on Selling Cash-Secured Puts

Detailed start-to-finish 6-part program

This presentation will provide all the information, with real-life examples, necessary to master the strategy of selling cash-secured puts. The program is divided into 6 sections:

  • Section I:
    • Option basics
  • Section II
    • Traditional put-selling
  • Section III
    • PCP (wheel) strategy
  • Section IV
    • Buy a stock at a discount instead of a limit order
  • Section V
    • Ultra-low-risk put/Delta strategy
  • Section VI
    • Ultra-low-risk put/Implied volatility strategy

This presentation was developed to benefit both beginner and experienced option traders and will provide all the information needed to initiate the strategy and elevate returns to the highest possible levels.

45-minute presentation

Covered Call Writing: Multiple Applications Based on Current Market Conditions

Real-life examples with Invesco QQQ Trust (Nasdaq: QQQ)

Covered call writing is a low-risk option-selling strategy geared to generating cash flow with capital preservation a key requirement. This presentation will demonstrate how the strategy can be crafted to benefit in all market environments. Market situations highlighted are:

  • Normal to bull markets
  • Bear and volatile markets
  • Low interest-rate environments

A popular large-cap technology exchange-traded fund, Invesco QQQ Trust, will be used to establish rules and guidelines to benefit in these market circumstances.

Registration link 


3. Money Show’s Post-Election Strategies Virtual Expo

November 10th -11th, 2022

Information & registration link to follow


Alan speaking at a Money Show event


Market tone data is now located on page 1 of our premium member stock reports and page 1 of our mid-week ETF reports.