COVERED CALLS SECRET SAUCE RECEIPE
Under Construction as at Thursday 2 Sep 2021. My Covered Calls is a data service for people who trade covered call options. The simplified strategy is to buy shares and to sell a contract to, on-sell the shares at a later date if required to; and receive payment for selling the contract. My Covered Calls shows you 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, or as I like to call it; the secret sauce of [writing] covered call options. Its not really a secret, however, My Covered Calls has been going continuously for over 15 years and I hope to impart some of that experience in the Beginners Guide via a bunch of videos. Please text me on 0408763663 if you have a topic you would like covered.
I am away for the next couple of weeks as I do volunteer farm work with Rural Aide and we have a window between lockdowns to help some farmers out West, QLD but when I get back I plan to start producing the videos.
The videos below are old ones and ae 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.
Covered Call options Trading Plan software. Free from My Covered Calls. This is a test video so don't expect too much but it is using real data and is fair dinkum about how to create a trading plan for writing covered calls options for income. What is an Option? An option could be described as a contract between two parties, a buyer and a seller, where the seller agrees to “sell” shares to the buyer at a future date for an agreed price. The buyer pays the seller a “premium” for the “option” and “right” to buy the shares. What is a Call Option? A call option is the right but not the obligation to buy a parcel of shares, usually 100; at a predetermined price within a specific period of time. A contract is formed between a buyer and a seller for the shares that says the seller will sell the shares at the agreed price to the buyer if and when the buyer says so. If the buyer has not purchased the shares at the end of the specific period of time, then the option expires worthless. You keep the premium. In Australia, each contract is for 100 shares. A covered call is when an option is sold on shares you currently own. ProWriter lets you create a Trading Plan to document what shares you may buy and what your return will be from the Premium for selling the option contract.
Test Document - https://mycoveredcalls.com.au/yt-assets/test-doc.pdf
A quick presentation on covered calls from www.mycoveredcalls.com.au
How My Covered Calls got started. I wanted to trade ASX listed covered call options but needed information like share price, strike price, open interest, contract size, premium and the return if exercised or not exercised; so developed software to present this information in and easy to read format covering all available options on the ASX. This data then populates the ProWriter software and produces a Trading Plan based on factual information.
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