New Insights on Covered Call Writing
The Powerful Technique That Enhances Return and Lowers Risk in Stock Investing
Bloomberg Professional
Does this sound like you?
* You want the long-term returns from stocks but don't like the
volatility.
* You like the security of income from bonds and CDs, but the
yields are too low.
* You wish there was a sensible discipline you could follow that
would provide the attractive returns offered by common stock yet
with more consistency and less risk.
If so, then covered call writing may be the investment strategy
you've been looking for.
You can achieve long-term returns commensurate with stock
market returns but with lower volatility and less downside risk.
The trick is to combine stocks with call options by "writing" a
call against a stock you already own. Professional investment
managers have been using this strategy for years, and recent
developments have now made it easier for individual investors to
employ it as well. Options experts Richard Lehman and Lawrence
McMillan unlock the secrets of covered call writing in this
groundbreaking, easy-to-understand guide.
writing--reading stock charts and writing covered calls."
--John Murphy
President, MurphyMorris Money Management
Chief Technical Analyst, StockCharts.com
"This was a definite eye-opener, and one of the soundest
approaches to stock investing I've seen. It makes you
wonder what else Wall Street has been keeping from us."
--Brian R. Workman
Senior Vice President, Citi Cards, Citigroup
"In a low-return, high-volatility environment, these strategies
can boost returns and lower risk. There is no such thing as a
free lunch, but in this case all the lunch costs is a little
initiative."
--Stephen M. Savage
Managing Director, Litman/Gregory Analytics
"This book has the most complete and comprehensive coverage of
covered call investing that I have seen. Most books discuss
covered calls as just one of many option techniques. This book goes
the extra mile. It discusses the theoretical aspects of covered
calls and also provides the practical tools any investor would need
to effectively implement a covered call trading strategy."
--Ernie Zerenner
President, Power Financial Group, Inc.
applying his expertise in options strategies. He has held executive
positions at E. F. Hutton, Thomson McKinnon Securities, First
Saxonia Securities, and at the New York Stock Exchange. As an
independent adviser, he now runs an online advisory service at
CoveredWriter.com.
Lawrence G. McMillan is recognized as one of the foremost
options trading experts. He has written three best-selling books on
options, including Options as a Strategic Investment. As president
of McMillan Analysis Corporation, he writes the "Daily Volume
Alerts" and edits and publishes The Option Strategist, a
derivative products newsletter covering equity, index, and futures
options, as well as the online resource OptionStrategist.com.
