Novice Traders' Notebook | MAR 2002
Working Money: Writing Covered Calls by Michael Dunham
Working Money: Writing Covered Calls by Michael Dunham If you think that options trading is only for short-term traders and speculators, think again. By taking advantage of an option strategy known as covered call writing (selling), you can gather small, consistent returns, which, when compounded over time, can give you a respectable overall return. Not only that, writing covered calls with a buy-and-hold strategy can protect your portfolio from major losses. Considering there are more than 2,000 stocks with listed options, as well as options on some depository receipts (MDY, QQQ, and so on), you have an array of choices.
by Michael Dunham
Technical Analysis of STOCKS & COMMODITIES
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