ETF Covered Calls 08-01-08

Things aren’t looking good for the overall market but I think the opportunities lie within those investments that have been beaten down.  I’m still considering UYG (leveraged financials) but I need to see how the next few weeks go before I make a decision.     Here are this week’s ETF-Cashinator picks……

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ETF Covered Calls website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance.


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ETF Covered Calls.
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3 Responses to ETF Covered Calls 08-01-08

  1. MoneyEnergy says:

    I’d like to learn more about this “ETF Covered Calls” system of yours. Where can I read more about it (besides this site?)? Any book you recommend? I’m not sure what exactly you’re doing: just options play with ETFs rather than single stocks?

  2. MoneyEnergy says:

    Nevermind, I see you’ve mentioned a book on your “how-to” page up top. I’ll take a look at that.

    My only question is, then, if you sell a contract on your stock/ETF, do you automatically get paid for it? What happens to your stock/ETF in the meantime? If someone takes the contract.

  3. RichSlick says:

    Yes, you automatically get “paid” (i.e. the money is deposited into your account to spend as you please). The stock/ETF you must hold until options expiry. If you are called, then the stock get automatically sold and you get the cash back that you invested.

    If you don’t get called then you still own it.

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