What are covered calls and what role do they play in stock market investing? Are covered calls really meant for only investors and traders with advanced skills or can anyone learn to profit from them? What kinds of returns can be expected from covered calls and what are the costs associated with them? Is there a minimum amount an investor should have to get started? Jordan Goodman, host of The Money Answers Show, talks with Dr Alan Ellman about options, covered calls, and expectations and performance. Ellman and Goodman discuss how average investors can approach covered options, picking a stock, and chosing which option to sell.
Bio: Dr. Ellman is President of The Blue Collar Investor Corp and author of five best-selling book. His book, Stock Investing for Students, is required reading at several major educational institutions and his fifth book, ‘Selling Cash-Secured Puts’ is a best seller. Alan is a frequent guest on financial forums such as the Options Industry Council’s Wide World of Options. He is a national speaker for The Money Show, the Stock Traders Expo and the American Association of Individual Investors. He writes weekly articles for his award-winning blog as well as various financial publications. Alan wears many hats: he is a retired General Dentist, a licensed real estate salesperson, a certified personal trainer and has successfully completed the Series 65 Investment Advisor Rep requirements. Alan’s passion is his desire to educate average retail investors how to become CEOs of their own money using his favorite strategies…covered call writing and selling cash-secured puts.