Covered Calls Strategy

Covered Calls Strategy

We recommend you treat stock as a commodity, traded to generate monthly income. When writing covered calls it's important that you like the stock's short-term potential and to buy stock that's going up.

By writing covered calls, you're making monthly income by selling upside potential of stock to speculators. It's to your advantage if the stock is called away. If you sell low risk ITM covered calls, your profit ((strike price+premium) - stock cost) is locked in when you sell the covered calls.

XLF

Sold to Open XLF JUN 2009 16 Call $1.19

XLU

Sold to Open XLU JAN 2010 39 Call for $1.10

etfc

ETrade says it's optimistic about TARP approvals

S&P 500 has now erased 100% of the bull market from 2002 to 2007

The S&P 500 has now erased 100% of the bull market from 2002 to 2007. Like the lost city of Atlantis, the bull market we enjoyed from 2002 to 2007 has now been relegated to the status of legends. People may talk about it for generations, but looking at the levels of the major indices, there is no longer any proof that it ever existed.

SWHC

Guns or butter...I say guns

My Business Requirements

1. Unlimited profit potential
2. Fast start-up
3. No employees
4. No insurance costs
5. No selling to friends, family, or anybody
6. No billing or accounts receivable
7. No shipping or handling of products
8. No advertising
9. No office to maintain
10. The ability to work anywhere
11. The ability to take time off as desired
12. Little time required
13. Small start up cost
14. FREEDOM!