This week’s Weekly Stock Screen and Watch List has been revised and uploaded to The Blue Collar Investor Premium Member site and is available for download in the “Reports” section. There were two typos in the original uploaded report. Look for the report dated 08/07/26 RevA.

Barry and The Blue Collar Investor Team

This week’s Weekly Stock Screen and Watch List has been uploaded to The Blue Collar Investor Premium Member site and is available for download in the “Reports” section. Look for the report dated 08/07/26.

Be sure to check out the latest BCI Training Videos and “Ask Alan” segments. You can view them on The Blue Collar YouTube Channel. For your convenience, the link to the BCI YouTube Channel is:

https://www.youtube.com/user/BlueCollarInvestor

Barry and The Blue Collar Investor Team

1. This week’s ETF Report has been uploaded to your member site. Login to the member site and scroll down on the left side to access the report.

ETF Report Video Link:

Explanation of the report format:

https://youtu.be/addf7Y54ixwput

2. I’ve attached to premium member emails a 4-day, defensive cash-secured put trade with FTNT, an elite-performing stock at the time of the trade. I executed these trades on 8/4/2026, for the 8/7/2026 expiration. This is another example of the protection offered by OTM put strikes, while still offering meaningful returns. FTNT closed at $164.13 today, down $2.26 from trade entry. The current price is above the breakeven price by $9.65 and $9.13 above the put strike. With 2 days remaining until expiration, I’m in a favorable position with these 2 contracts, despite the share price decline. As always, I am prepared to initiate exit strategy maneuvers, if those opportunities are presented.

3. Our loyalty pledge to you: Premium members will NEVER experience a rate hike as long as premium member subscriptions remains active … NEVER.

4. Quasar Markets Interview Video:

https://x.com/i/broadcasts/1qxvvvjBAaBxB

5. Link to an article I wrote for the August edition of the Journal of The American Association of Individual Investors:

https://www.aaii.com/journal/article/521259-covered-call-writing-as-a-supplemental-income-strategy?acc=o

Wishing you the best results,

Alan & the BCI team

Stephen,

Your question is both astute and important.

Factoring in the most impactful metrics, rather than trying to evaluate all of them, which may lead to analysis paralysis, is definitely the way to go.

Now, theta is critical in establishing when to set up our trades, when and which exit strategies are most appropriate and establishing our 20%/10% guidelines (in my exit strategy books and videos).

I’m happy to provide you with these free resources and you can get back to me with any questions:

https://www.thebluecollarinvestor.com/delta-and-theta-and-their-impact-on-our-covered-call-and-put-selling-positions/

https://www.thebluecollarinvestor.com/how-to-maximize-covered-call-writing-returns-by-understanding-time-value-and-theta/

https://www.thebluecollarinvestor.com/bci-podcast-138-applying-the-20-10-guidelines-with-a-broad-range-of-implied-volatility-securities/
https://www.thebluecollarinvestor.com/application-of-the-20-10-guidelines-for-itm-otm-strikes-registration-form-for-thursdays-webinar/

Alan

I’m not a subscriber (yet) but I appreciate your teachings. They help a lot.

I just read this recent teaching and I have a question. Let me apologize in advance for such bad examples I’ll but it’s the best I can come up with. If I compared the “greeks” to spices, I’m still at using only salt and pepper. There are probably thousands of spices around the globe. Chefs put them in all kinds of dishes and they come out great. I can’t cook with any of those exotic or even plain everyday spices, just salt and pepper.

I can’t “cook” with all the greeks. I use DELTA a lot but of course, like a chef, you learn when to add it and when not to so that’s still a work in progress (add more with this stock and less with that one). How do I cook the Theta? I know what it’s supposed to tell you but is there a step by step example, like your DELTA example today, on how to estimate, “today Theta will drop the premium this much, and the next day it’ll will drop the premium this much” and so on.

My apologies again for odd examples but hopefully my question wasn’t lost.

Thanks again for all your great teachings and keep up the good work.

Stephen

This week’s Weekly Stock Screen and Watch List has been uploaded to The Blue Collar Investor Premium Member site and is available for download in the “Reports” section. Look for the report dated 07/31/26.

Be sure to check out the latest BCI Training Videos and “Ask Alan” segments. You can view them on The Blue Collar YouTube Channel. For your convenience, the link to the BCI YouTube Channel is:

https://www.youtube.com/user/BlueCollarInvestor

Barry and The Blue Collar Investor Team

1. This week’s ETF Report has been uploaded to your member site. Login to the member site and scroll down on the left side to access the report.

ETF Report Video Link:

Explanation of the report format:

https://youtu.be/addf7Y54ixwput

2. I’ve attached to premium member emails a 5-day, defensive cash-secured put trade with XOP, an elite-performing ETF at the time of the trade. I executed these trades on 7/27/2026, for the 7/31/2026 expirations. This is another example of the protection offered by OTM put strikes, while still offering meaningful returns. XOP closed at $172.04 today, up $2.13 from trade entry. The current price is above the breakeven price by $8.79 and $8.04 above the put strike. With 2 days remaining until expiration, I’m in a favorable position with these 2 contracts. As always, I am prepared to initiate exit strategy maneuvers, if those opportunities are presented.

3. Our loyalty pledge to you: Premium members will NEVER experience a rate hike as long as premium member subscriptions remains active … NEVER.

4. Sample Alan Winning Trade Video:

https://youtu.be/ATYZd0JMDBQ

Wishing you the best results,

Alan & the BCI team