Covered Call Writing Alternative Strategies

by Alan Ellman

Portfolio Overwriting- using stocks in buy-and-hold portfolios The Collar Strategy- using protective puts The Poor Man’s Covered Call- using LEAPS options. Covered call writing is a cash-generating strategy that lowers our cost basis thereby improving our opportunities for successful investments. One of the many benefits of incorporating this strategy into our investment portfolios is that the system can be crafted to meet our trading style, market assessment, portfolio net worth and personal risk tolerance. This book details three such covered call writing-like strategies that will 1. Option basics 2. Practical application 3. Calculations 4. Real-life examples 5. Role of brokerages 6. Pros and cons of strategies 7. Option Greeks 8. Exit strategies 9. Flow charts 10. Calculator user guides 11. And much more

Audible Audio

Published February 18, 2024

Reviews

[Martin · Rating 5 out of 5]

A great book describing alternative covered call strategies, such as poor man's covered call which allows a trader to trade covered calls cheaper than when buying a stock and write a covered call. The book provides insights into metrics a trader needs to use to make sure a trade stays profitable even if it doesn't work as originally planned. I enjoyed these inshights a lot!