ETF-Cashinator™ Report

Understanding the ETF-Cashinator™ Report

The following terms appear in the report and here is a brief description of their meaning.

Expiration – This is the Month, Day, & Year that a particular Call will expire (e.g. November 2006, January 2007)

There is also a countdown to how many days there are till the next expiry period. It is for the next immediate expiry.

MAXROI – This is the Maximum Return on Investment you can make on an ETF Covered Call if you get called. In the example highlighted below if you were to buy 100 PGJ shares for $37.28 and sold the November 2007 $38 strike for $1.75 AND you got called on November 16th then your return would be calculated as [$1.75+($38.00-$37.28)]/$37.28 = 6.63%.

ROI – This is the minimum return you will make if you don’t get called. Using the same example. If you buy 100 PGJ Shares for $37.28 and sold the November 2007 $38 strike for $1.75 AND you DID NOT get called on November 16th then your return would be calculated as $1.75/$37.28 = 4.69% (You keep the full premium and the call expires worthless – usually indicates the ETF dropped below $38 strike on November 16th)

Calls – These are the symbols for the Calls of a particular ETF. (e.g. PGJ KL = November $38 strike)

Ticker – These are the symbols for the ETF.

ETF Specialty – This is a description of the ETF Investment Company & Specialty

Strike – The strike price for which you are selling the call.

Call Bid – The amount of money being paid for a particular call. This is the money you would get if selling.

Call Vol – The amount of contracts being requested/bid on for a particular call.

Last – The last quote received into the system for a particular ETF/Ticker.

Volume – The amount of volume being traded for a particular ETF.

*Please note the report is constantly evolving and field headers may change in the future.

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