Exit Strategies For Covered Call Writing

Basics of covered call exit strategies -- definitions -- Why use exit strategies -- Mathematics of the 1-month contract period -- Key parameters to consider before expiration Friday -- Key parameters to consider on or near expiration Friday -- Exit strategy alternatives prior to expiration Friday -- Exit strategy alternatives on or near expiration Friday -- Preparing your portfolio manager watch list -- Executing the exit strategy trades -- Real life examples prior to expiration Friday -- Real life examples on or near expiration Friday -- Using multiple exit strategies in the same contract period -- Ellman system options calculator -- Concluding remarks and personal observations -- Appendix.

Does this sound like you? You want the long-term returns from stocks but don't like the volatility. You like the security of income from bonds and CDs, but the yields are too low. You wish there was a sensible discipline you could follow that would provide the attractive returns offered by common stock yet with more consistency and less risk. If so, then covered call writing may be the investment strategy you’ve been looking for. You can achieve long-term returns commensurate with stock market returns but with lower volatility and less downside risk. The trick is to combine stocks with call options by "writing" a call against a stock you already own. Professional investment managers have been using this strategy for years, and recent developments have now made it easier for individual investors to employ it as well. Options experts Richard Lehman and Lawrence McMillan unlock the secrets of covered call writing in this groundbreaking, easy-to-understand guide.

The Blue Collar Investor was NOT a brilliant idea of mine?. it just happened! I was a frustrated blue collar investor just like you. I?d attended a top tier High School, College and Dental School. All those years of education and I knew NOTHING about the Stock Market or investing, in general. That was about to change!I investigated full service brokers, analysts, mutual fund managers; spoke with friends, relatives, colleagues and media experts. Would any of these people lead me to the Promised Land? The answer, for varied reasons, was a resounding NO!Using the same blueprint I?d adapted to become a licensed General Dentist, a Certified Personal Trainer, and a Licensed Real Estate Agent, one of empowerment through self- education, I became an accomplished stock market investor. Year after year, my portfolio generated higher returns than those of the average Stock Market. Then, when I started selling options, those returns increased exponentially.I began sharing my techniques with others, and the flood gates of interest opened. In response I held a series of seminars, each one a sellout. That led to my penning of this book, Cashing in on Covered Calls, with another on the way. To accommodate the growing demand for more, a DVD and CD Series was developed, as well.My journey is now focused on spreading the word: we blue collar investors have the intelligence, the motivation and the ability to be successful and independent stock market investors.

This book takes the versatility of covered call writing to an even higher level where the strategy itself is adjusted to meet certain additional investment requirements and goals. Each of the three sections in this book will provide specific situations which frequently apply to retail investors and how traditional covered call writing can be tailored to meet these criteria.

"Guy Cohen is the master when it comes to taming the complexities of options. From buying calls and puts to iron butterflies and condors, Guy explains these strategies in a clear and concise manner that options traders of any level can understand. His chapter on options and taxes is especially welcomed (and needed). The Bible of Options Strategies is a straightforward, easy-to-use reference work that should occupy a space on any options trader's bookshelf." –Bernie Schaeffer, Chairman and CEO, Schaeffer's Investment Research, Inc. "The author delivers clarity, insight and perception making learning about options a joy, and practicing the art of making money that much easier: truly a bible from a guru." –Alpesh B. Patel, Author and Financial Times Columnist "Guy Cohen truly makes learning about options easy in this fact-filled guide. Bullet points make for a quick and enlightened read, getting to the heart of what you really need to know about each options strategy. This book is a must for any serious trader's library." –Price Headley, Founder, BigTrends.com Pick the right options strategies...implement them step-by-step...maximize your profits! Introducing today's first and only comprehensive reference to contemporary options trading! OptionEasy creator Guy Cohen identifies today's popular strategies...and tells you exactly how and when to use each one and what hazards to look out for! It's all here.... Basic Strategies including Buying and shorting shares, calls, and puts. Income Strategies including Covered Call, Naked Put, Bull Put Spread, Bear Call Spread, Long Iron Butterfly, Long Iron Condor, Calendar Call, Diagonal Call... Vertical Spreads including Bull Call Spread, Bull Put Spread, Bear Call Spread, Bear Put Spread, Ladders... Volatility Strategies including Straddle, Strangle, Guts, Short Butterflies, Short Condors... Sideways Strategies including Short Straddle, Short Strangle, Short Guts, Long Butterflies, Long Condors... Leveraged Strategies including Call Ratio Backspread, Put Ratio Backspread, Ratio Spreads... Synthetic Strategies including Collar, Synthetic Call, Synthetic Put, Synthetic Straddles, Synthetic Futures, Combos, Box Spread... ...and many more strategies... Plus essential tax-saving information, and more! No other book presents this much authoritative, current information on options trading strategies Covers all of today's best income, volatility, leveraged, synthetic, and sideways market strategies Discover why each strategy works, when it's appropriate, and how to use it—step by step Includes a full chapter on tax issues associated with options strategies By Guy Cohen, whose OptionEasy application has helped thousands of traders achieve breakthrough results! The Bible of Options Strategies is the definitive reference to contemporary options trading: the one book you need by your side whenever you trade. Options expert Guy Cohen systematically presents today's most effective strategies for trading options: how and why they work, when they're appropriate, when they're inappropriate, and how to use each one responsibly and with confidence. The only reference of its kind, this book will help you identify and implement the optimal strategy for every opportunity, trading environment, and goal. © Copyright Pearson Education. All rights reserved.

In order to survive and thrive in today's financial markets, you must seriously consider the use of options in your investment endeavors. Options allow you to reap the same benefits as an outright stock or commodity trade, but with less risk and less money on the line. The truth is, you can achieve everything with options that you would with stocks or commodities?at less cost?while gaining a much higher percentage return on your invested dollars. After numerous years as a market maker in the trenches of the New York Mercantile Exchange, few analysts know how to make money trading options like author Lee Lowell. In this well-rounded resource, Lowell shows both stock and commodity option traders exactly what works and what doesn't. Filled with in-depth insight and expert advice, Get Rich with Options provides you with the knowledge and strategies needed to achieve optimal results within the options market. The book quickly covers the basics?how options are priced, strike price selection, the use of Delta, and using volatility to one's advantage?before moving on to the four options trading strategies that have helped Lowell profit in this arena time and again: buying deep-in-the-money call options, selling naked puts, selling option credit spreads, and selling covered calls. Using these strategoes decisively, he says, is the fastest route to riches in the options trading game. Get Rich with Options is packed with real-life examples of actual trades and detailed discussions of how options can be used as a hedging, speculating, or income-producing tool. You'll learn how to set up a home business with the best options trading software, tools, and Web sites. And you'll begin to see options in a whole new light and discover how to become part of a small group of investors who consistently win.

Complete Guide to Getting Started and Making Money with Options Trading Novice, and even experienced, investors are often wary of investing in options. Many people view options as risky, exotic, and only for investors with large bankrolls. However, nothing could be further from the truth. Options are a great way for all investors, regardless of experience or risk tolerance, to expand their portfolios and make money in the stock market—whether the market is going up or down. Options are the perfect vehicle for increasing your leverage, allowing you to turn a small investment into exponentially large rewards. They can also be used as an insurance policy, protecting your investments in case of a market downturn. In short, options are a tool that every investor should understand and potentially put to use. In this book, you’ll learn all the ins and outs of stock options, from basic puts and calls to more exotic straddles and spreads. By the end of this guide, you’ll have a complete understanding of trading options and be able to put them to use in your own portfolio implementing both simple and more advanced strategies. Included are many real world and easy to follow examples so you will be able to clearly understand each of the principles and strategies discussed in action. Included in this book: *Options 101 *Advantages and Disadvantages of Options Trading *Types and Styles of Options *Using Call and Put Options to Make a Profit *Option Prices and Valuation *Getting to Know the Greeks *How to Open an Options Account *How to Place a Trade *Successful Option Trading Strategies *Spreads, Straddles, Iron Condor, Iron Butterfly, Collars, Strangles, and more *Tips and Tricks for Avoiding Costly Mistakes Get your copy today and get started in the exciting world of options trading. Keyword tags: option trading, options trading, option strategies, option trading strategies, stock options, stock option strategies, stock option trading, stock investing, option investing, options volatility, options for beginners, options greeks

Enhance your investment portfolio and take your investments to the next level! Do you have an investment portfolio set up, but want to take your knowledge of investing a step further? High-Level Investing For Dummies is the resource you need to achieve a more advanced understanding of investment strategies—and to maximize your portfolio's profits. Build upon your current knowledge of investment, particularly with regard to the stock market, in order to reach a higher level of understanding and ability when manipulating your assets on the market. This approachable resource pinpoints key pitfalls to avoid and explains how to time your investments in a way that maximizes your profits. Investing can be intimidating—but it can also be fun! By building upon your basic understanding of investment strategies you can take your portfolio to the next level, both in terms of the diversity of your investments and the profits that they bring in. Who doesn't want that? Up your investment game with proven strategies that help increase profits and minimize risks Avoid common pitfalls of stock speculating to make your investment strategy more impactful Understand how to time the market to maximize returns and improve your portfolio's performance Uncover hidden opportunities in niche markets that can bring welcome diversity to your portfolio High-Level Investing For Dummies is the perfect follow-up to Stock Investing For Dummies, and is a wonderful resource that guides you through the process of beefing up your portfolio and bringing home a higher level of profits!