Beginners Guide

COVERED CALLS - THERE IS NO MAGIC A Common Dog approach to writing (selling) Covered Call Options

If you don't know what a covered call option is then spend a little time at least understanding the basics, see www.investopedia.com/articles/optioninvestor/08/covered-call; they do a pretty good job of discussing the basics.  Once you understand the mechanics of buying shares and writing a covered call options then read on...   I am discussing how I have been successfully trading covered call options for over 16 years.  What's in it for you; to learn about covered call options, for free; and maybe choose to use this strategy to generate more income from your share portfolio.  I use a very simple approach.  Buy shares in good Australian companies (usually ASX Top 50) and sell (Write) covered call options over those stocks with good option Yields.  My risk is that I may own shares in a Top 50 company for some time, however, still recieved dividends as well as the option premium(s).  

While this page is under development, if you have any questions please call me on 0408763663, Tony.  My Covered Calls is an ASX option screener, data service and Trading Plan system; and has tools for people who trade covered call options for income and profit.

The strategy is to buy shares and sell [write] an option contract to on-sell those shares at a future date.  You get paid for selling the contract.  My Covered Calls shows you in its reports on the web page and in ProWriter (Trading Plan software), how much you would get paid for selling the contract.  You derive income by selling the contract not necessarily from the share price movement.  

A number of people have asked me about training/education about the covered call strategy so I have created the Beginners Guide and will continue to work on developing the guide.  [I had a bit of a setback, working on my web page development, during 2023 as I contracted men's breast cancer and spent all my time doing chemo/radiation etc.  In remission now but happy to talk about it to help raise awarness of men's breast cancer].  My Covered Calls has been going continuously for over 16 years, so we must have got something right, and I hope to impart some of that experience in the Beginner's Guide via a bunch of short videos.   

Also, I have been away for a couple of weeks as I do volunteer farm work with Rural Aide to help some farmers out West, QLD.  The videos below are old ones and are temporary for now.  Notwithstanding, there is a lot of information already on the site and a lot of free information on other sites like www.asx.com.au and Comsec.

Any questions please call me, Tony on 0409873663.