Did You Know


  • That buying shares and writing options over those shares out performs just owning shares alone*
  • The wealth effect of the buy-write stragety comes "by writing options and collecting premium income"*

The Buy Write is an options investment strategy in which an investor simultaneously buys shares and writes a call option contract over an equivalent number of shares. If the shares are already held from a previous purchase, it is commonly referred to as covered call writing. Buy Write is the most basic and widely used options investment strategy, combining the flexibility of listed options with share ownership.

The strategy of buying shares and writing options is eligible within Self Managed Superannuation Funds (SMSFs), provided it is allowed for in the Fund’s investment strategy.*

History tells us that writing covered calls over shares that you hold out performs just holding shares alone.*

If you already own shares then arguably your risk does not change if you write an option over those shares. Only two outcomes can happen:

  • The covered call option contract expires worthless and you retain the shares, or
  • The contract is exercised and the shares are sold for the price agreed in the contract.


My Covered Calls and ProWriter software shows you which options have the best returns. Other information in the reports includes:

  • Share price
  • Last option trade
  • Expiry month & date
  • Strike Price
  • ASX Fair Price
  • Contract size
  • Open Interest
  • Non-Exercised Profit [at the money, in the money and out of the money]
  • Exercised Profit [at the money, in the money and out of the money]

The above information is regularly updated in the reports during market hours. The reports are accessible 24/7The information is used to develop a trading plan showing you the outcomes of every option trade

My Covered Calls is like having a covered call calculator that has a direct feed of live data from the ASX. The reports are automatically updated and the % profit calculated and instantly displayed for exercised or not exercised outcomes. This lets you to easily identify those options with 2.5% or better returns exercised or not-exercised. See for yourself.

 * See fact sheet above

MyCC Smart Report

Click to see live BHP, BSL & TLS sample smart report showing Not-Exercised and Exercise Returns. All Companies available in Members Area.

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MyCC is provided as a service to its members. Small, niche, exclusive and operated since 2006.