Covered Calls Newsletter
The objective of this newsletter is to take advantage of option price decay to
generate profits
each month. I believe it's an excellent strategy that should be employed
most often among traders.
Covered calls are a way to earn additional income
on your stock portfolio. This strategy has a long
history
of
conservative investing.
Selling calls against
a long stock position can be an excellent
way to generate income. When used with the right stock,
this can be a great way to reduce the average
cost of the owned security.
For this strategy, a market
timing signal is used on individual stocks that are
rated to increase in price, all of which
are high volume stocks.
Many of the positions are selected from
the Taking Profits Trading or high Price Appreciation Portfolio's.
In 2008 this newsletter returned 41.13% and 52.17% in 2009.
Description of the Covered Calls Newsletter
* Recommends the purchase of stock and sells near term options
* Up to four positions open simultaneously
* Large cap stocks a generally recommended
* Hold time is generally one month
* IRA compatible
* Minimum $10,000.00 recommended per position
* Reduces market risk for held stock positions
* Auto Trade is available with selected brokers.
| Year |
Underlying |
Month
% Return |
Annualized
Return |
$ Profit |
|
Total $$
Withdrawal |
Jan Profit |
|
|
|
|
|
$920.00 |
- |
- |
- |
- |
- |
- |
- |
Feb. 2010 |
ERTS |
6.45% |
90.54% |
$645.00 |
|
- |
Feb. 2010 |
Dell |
6.54% |
91.88% |
$654.00 |
|
- |
Feb Total |
- |
12.99% |
- |
- |
|
$2,170.00 |
- |
- |
- |
- |
- |
- |
- |
Mar. 2010 |
SANM |
5.42% |
82.45% |
$542.00 |
|
- |
|
STX |
3.49% |
53.10% |
$349.00 |
|
- |
|
- |
8.91% |
- |
- |
|
$3,061.00 |
- |
- |
- |
- |
- |
- |
- |
Apr. 2010 |
|
|
|
|
- |
- |
Apr. 2010 |
STX |
5.25% |
63.00% |
$525.00 |
- |
- |
Apr. 2010 |
CSCO |
1.68% |
20.16% |
$168.00 |
- |
- |
April Total |
- |
12.33% |
- |
- |
$1,233.00 |
$4,294.00 |
| - |
- |
- |
- |
- |
- |
- |
| May 2010 |
CRUS |
8.06% |
96.72% |
$850.00 |
$850.00 |
$5,144.00 |
| May total |
|
8.06% |
|
|
|
|
$10,000.00 per position
A $30,000.00 account has withdrawn $5,144.00 in 2010 = 17.14%
On June 21, 2010 one year CD's are yielding = 1.15% per year
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* Time the Market *** Stay fully Invested *** Use Compounding ***
``````````````````````````````````````````````````````````````````````````
"
“I’ve worked in an economy that rewards those who can detect
the mispricing of securities with sums reaching into the billions".
“My wealth has come from a combination of living in America,
some lucky genes, and compound interest,”
Warren Buffett
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*March 16, 2010 through June 21, 2010
| Taking Profits© 1988 - 2010 |
| Past Results Do Not Guarantee Future Results | Legal Terms And Conditions |
Read and understand the publication "Characteristics and Risks of Standardized Options."
| 
