Tag: call strategy

How to Use Poor Man’s Covered Calls on Lower-Priced Stocks


Poor Man’s Covered Calls  A few months ago I discussed the benefits of selling covered calls for monthly income. And while I am a huge proponent of using covered calls, my preference, particularly when dealing with higher-priced securities, is to use a strategy known as the poor man’s covered call strategy. A poor man’s covered call… Read more »

Trade Idea: Poor Man’s Covered Call in Cameco (CCJ)


After years in the doldrums, uranium has recently caught the attention of investors. Last week uranium stalwart, Cameco (CCJ) pushed 24.2% higher, thanks to the overwhelming demand for not only the stock, but for call options as well. Here is one example of how I would initiate a position in Cameco using a poor man’s… Read more »

How a Covered Strangle Can Greatly Enhance Your Return


How a Covered Strangle Can Greatly Enhance Your Return Several weeks ago, I wrote about short strangles and how they offer investors one of the highest-probability strategies on the market. If managed correctly, short strangles are an incredible strategy. But the capital required can be steep, so most investors shy away. Plus, the thought of… Read more »

Trade Idea: Bear Call Spread in the S&P 500 (SPY)

The S&P has been grinding higher for almost 200 days without a 5% pullback. According to esteemed analyst Jason Goepfert, “The S&P 500 has gone 189 days – nine consecutive months – without being more than 5% from a 52-week high. And it recorded its 43rd day with a 52-week closing high. Dating back to… Read more »