Buy Writes

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.