Attention Options Traders!
If you trade covered calls (or want to),
and you're looking to generate a consistent, highly predictable income month-in and month-out, this is the MOST IMPORTANT letter you will read all year!
It reveals how you can now...
"Get 100s of
High-Profit & High POP Covered Call Trades
In Your Inbox
Every Morning
Absolutely FREE!"
Right now you can get a FULL membership to my Covered Calls Daily Hot List absolutely 100% FREE!
Yes, just submit your email below and start receiving my daily list of covered call trade entries (I explain more below).
To get on the list to receive daily Covered Calls, submit your email below!
no credit card required - only email is needed!
No! We never sell or rent your information. That's just totally lame. :(
No! I don’t need your credit card.
No! There won’t be any sneaky upsells on the other side!
No! I’m not offering a flimsy 7 day, 10 day, or 30 day trial!
On the contrary! The only way for you to see the true value in a daily list of high-quality covered call trade setups is to see how they perform over time.
And so it’s only reasonable to offer a free trial with enough duration to accommodate that performance. In other words, how helpful is a 7 day trial for a covered call with 30 dte?
Answer: it isn’t.
That’s why this trial subscription was originally going to last for 60 long days!
But since you're showing interest by actually reading this letter, I want to make this even more attractive to you.
That’s why:
When you submit your email - and only your email - today, you’ll get an extra 30 days for a
TOTAL of 90 DAYS of Full Membership
at NO COST!
Yes, you’ll receive a total of 90 days of daily covered call trades (sent Tues-Sat mornings).
Here’s exactly what you’ll get as a full trial member:
Everyday that follows a trading day (normally Tuesday-Saturday) I send my list of potential Covered Calls for the day. The data is taken from the previous day's close.
I gather the data of EVERY single equity and index option - every strike, every expiration.
This is roughly 2 MILLION OPTIONS scanned every day!
Then through a series of steps, using complex algorithms I paid 2 MIT grads over 5-figures to develop, the data is sorted, scanned, filtered, and whittled down to only the best 500 or so trades.
What is the criteria to make this list of income-generating covered calls?
Every trade on the list MUST pass a series of "stress-tests" that ensure only high-quality opportunities are included.
+ Each and every trade on this list features a liquid underlying with a min 30-day average volume over 1 million. So you can get into and out of positions quickly, and at the absolute best pricing.
+ Each and every trade has a minimum downside protection of 10%, giving a lot of room for stock movement. Most trades on the list offer even more downside room, with some everyday offering over 50% to the downside. This type of downside protection allows you to stay profitable even if the stock moves against you!
+ Each and every trade has a minimum POP or probability of expiring above the downside breakeven of 80%. So you can achieve a high win-rate by trading with the probabilities in your favor!
+ Each and every trade trade has a minimum annualized return of 24%. So you can generate a solid and reliable income without unnecessary risk.
Because for any income-generating system to be worth anything, you MUST be able to stay in the game long-term, month after month, year after year!
what are they different types of trade setups included on this list?
You should also know, the list is broken down into different trade setups to make it easy to accommodate any trade style or preference.
These setups are quickly sortable and selectable through a dropdown menu.
Here is a list of our current trade setups:
Alert: OVER 50% downside protection.
Under 10: total risk is less than $1,000.
Weekly: DTE is 0-20 days.
Short Term: DTE 21-59 days.
Mid Term: DTE 60-179 days.
Year Term: DTE 180-365 days.
what, if any, watchlists are used with this list?
We also have 2 different watchlists included as a selectable setup.
Watchlist #1: Dividend Aristocrats
This watchlist lists only Dividend Aristocrats tickers that also pass my screens and filters.
There is one exception, instead of a minimum annualization rate of 24%, with the Dividend Aristocrats, I lowered it to 12% annually to accommodate for the dividend yield.
Having run this list for almost 10 years, it is very uncommon to have more than only a few on this list watchlist each day.
But considering the performance of dividend distributions among this lists, it is always worthwhile to scan this watchlist for potential opportunities.
Watchlist #2: User-Submitted
This is a watchlist of tickers submitted by my members. These tickers go through the same scrubbing for criteria as all the others. Some members add their preferred tickers to the watchlist then place trades only from this list.
NOTE: I have received more than several requests to add more watchlists to the list (and from credible, long-term members), therefore I have plans to implement more watchlists soon!
can you show me the number of trades members receive consistenly each day?
Yes.
But before you become overwhelmed by the large number of trades provided, bear in mind these trades are organized by setup and displayed in sortable columns, so you can easily filter down to only the trades that match your specific criteria.
That's why I developed this list. So I can AWLAYS fish from a very well-stocked pond!
Reviewing last week of our Covered Calls Daily Hot List, our members received the following number of trades from each trading day:
Monday:
# of Trades: 559
# of Unique Tickers: 189
Tuesday:
# of Trades: 526
# of Unique Tickers: 175
Wednesday:
# of Trades: 571
# of Unique Tickers: 186
Thursday:
# of Trades: 633
# of Unique Tickers: 206
Friday:
# of Trades: 604
# of Unique Tickers: 192
You can very safetly assume similar numbers are coming your way each and every day when you...
Sign Up for your FREE 90 Day Membership!
AND NO CREDIT CARD NEEDED!
No! We never sell or rent your information. That's just totally lame. :(
Why did you create this list of covered call setups?
and why would you give it away for free?
I developed this list years ago because I needed to become a more efficient trader. I was traveling a lot for business (still do), and I didn't have the time to sit at a screen and spend hours scanning through lists to find one or two solid trade setups.
As you're likely aware, the key to INCOME-GENERATION is to continuously sort and find high-quality trades, and then ENTER THEM!
In other words, even if the trades I enter are all successful, and reach max profits, if I don't enter enough of them, my income suffers!
Win rate becomes less important than number of occurances. All things being equal, winning 90% of 10 trades WILL NOT produce the same income as 75% of 100 trades.
And this IS about income!
So I built the list. I hired the 2 MIT programmers, and created a system that sends me only high-probability trades.
As far as giving it away for free - well, it's only free for the trial, then it's a paid membership set at just $1 per day. A fair price - drastically underpriced in this industry as you know - and one that I will be raising 3-6x soon.
BUT unlike the slick-haired money-grabbing vultures in this industry, I trust my product enough to give it away to you free without any credit card commitment.
I only ask for your email.
But Has This List of Daily Covered Calls Revolutionized Your Trading Life and Personal Income!?!
Absolutely.
And here's how:
First - I spend much less time at my screen, often times I only trade via my phone. This list gives me tremendous unbound FREEDOM.
Whereas before I was tethered to a screen, always searching and filtering for the next potential trade, now I trade quickly - with a game plan sent to me hours before the market opens.
So I'm free to trade while hanging out with my wife and family, on my way to and from business meetings, or in between chapters in a book, or innings of a ball game.
Second - I don't get trapped into bad trades.
I used to enter a few trades every year that were just bad trades - doomed from the start. But with this list, every trade matches a very high-probability of success, with good downside protection.
Sure I have trades that go against me (which is why I know and employ defensive manuevers), but every trade I put on is a winner to start - now the trade must work to beat me! (A complete and welcomed reversal to how I used to trade).
Third - I now trade with superior patience knowing everyday I'll get at least a couple hundred high-probability trades to review. I don't need to force trades, or chase entry prices anymore!
If I'm honest, and why shouldn't I be, there was a stage in my trading growth where I was just brute forcing trades. Entering trades I knew weren't ideal setups.
Because consistent income-generation is predicated upon the number of trades you enter (number of occurances), there is a pressure to find and enter enough trades.
But now with this list, that pressure has disolved like sugar in water. I can be patient knowing tomorrow they'll be another quality list of trades to review.
Fourth - I am much more diversified in my holdings.
Without an external list coming into my inbox, running itself past my eyeballs, it is very easy to stick with only underlyings I am familiar with.
Even if I have numerous watchlists setup, I still must do the work of scanning them all. And when you calculate the time required to scan every strike for every expiration of even just 25 tickers, that is extremely time consuming!
But now I let the list scan the entire market for me. And the list will allow my portfolio to diversify itself naturally. Because the list will bring me today's best opportunities from any and all industries and sectors.
And it will do the same for tomorrow, and everyday next week, next month, and next year!
Last thing you should know, and this is important!
DO NOT SKIP READING THIS:
99.9% of the trade entries in the daily Hot List use IN THE MONEY call options.
If you don’t want to use ITM call options, then this is NOT your list.
Here’s 3 reasons why I only use ITM call options:
REASON #1: CAPITAL PRESERVATION
This daily list of covered calls is about income.
The amount of income I generate is in direct proportion to the amount of capital I have available.
Think of the differences in income potential between a $10,000 account and a $100,000, or $1,000,000 account. It's significant isn't it?
Now consider an income-demand of say $20,000 a year (small, but just proving a point) in relation to each of those accounts.
That $20,000 per year income, represents the following yield in each account:
$10,000 account:
$20,000 = 200%
$100,000 account:
$20,000 = 20%
$1,000,000 account:
$20,000 = 2%
With less captial available, I'm forced to take greater risk in order to meet the same income goals.
Conversely, with more capital, I am in the advantaged position to earn the same income with substantially less risk.
THEREFORE, capital preservation through downside protection is paramount!
Of course I AM NOT SUGGESTING that my list of covered calls will enable you to earn any amount of income, and especially NOT $20K from only a $10,000 account. I am merely drawing theoretical conclusions about the relationship of capital to risk and yield.
NOW CONSIDER... the following effects a 10% and 20% hit on your capital will have on your account.
$100,000 Account
Income Goal: $24,000
Annual Yield: 24%
10% Drawdown
Annual Yield: 26.67%
% Diff: 11%
20% Drawdown
Annual Yield: 30%
% Diff: 25%
$150,000 Account
Income Goal: $40,000
Annual Yield: 26.7%
10% Drawdown
Annual Yield: 29.63%
% Diff: 11%
20% Drawdown
Annual Yield: 33.34%
% Diff: 25%
$200,000 Account
Income Goal: $60,000
Annual Yield: 30%
10% Drawdown
Annual Yield: 33.33%
% Diff: 11%
20% Drawdown
Annual Yield: 37.50%
% Diff: 25%
With a 10% or 20% drawdown, the amount of annual yield required increases substantially.
Factor in commissions, fees, taxes, cost of living adjustments, reductions in buying-power, and you'll quickly understand how even a small 2-3% increase on yield can have MONSTEROUSLY OVERSIZED effects on the bottom line!
If our income is to be consistent and reliable over any length of time, we need to protect and preserve solid, stable amount of capital.
REASON #2: HIGH PROBABILITY OF SUCCESS
ITM covered calls offer a significant increase in probability of profit and probability of maximum profit (potential exercise) than OTM calls.
This equates to more consistent and reliable income!
Sure, I give up profit to the upside. I'm okay with that.
Because if you carefully analyze the working asset - that is the asset (stock and/or option) that produces the profit - for both an ITM and OTM position, you'll discover something INCREDIBLY VALUABE!
Take the following trades for example:
*** trade example #1 ***
XYZ is trading at 436.10
ITM OPTION
Delta: .80
Strike: 350
Share Price: 436.10
Premium: 116.95
Breakeven: 319.15
Breakeven%: 26.82%
Max Profit: 30.85
POP: 80%
Prob Max Profit: 69%
% Profit Contribution:
Option: 100%
Stock: 0%
OTM OPTION
Delta: .30
Strike: 550
Share Price: 436.10
Premium: 23.30
Breakeven: 412.80
Breakeven%: 5.34%
Max Profit: 137.20
POP: 51%
Prob Max Profit: 19%
% Profit Contribution:
Option: 16.98%
Stock: 83.02%
*** trade example #2 ***
ABC is trading at 82.73
ITM OPTION
Delta: .80
Strike: 67.50
Share Price: 82.73
Premium: 18.02
Breakeven: 64.71
Breakeven%: 21.78%
Max Profit: 2.79
POP: 78%
Prob Max Profit: 73%
% Profit Contribution:
Option: 100%
Stock: 0%
OTM OPTION
Delta: .30
Strike: 100
Share Price: 82.73
Premium: 3.82
Breakeven: 78.91
Breakeven%: 4.62%
Max Profit: 21.09
POP: 52%
Prob Max Profit: 21%
% Profit Contribution:
Option: 18.11%
Stock: 81.89%
*** trade example #3 ***
ZZZ is trading at 343.67
ITM OPTION
Delta: .80
Strike: 305
Share Price: 343.67
Premium: 45.95
Breakeven: 297.72
Breakeven%: 13.37%
Max Profit: 7.28
POP: 83%
Prob Max Profit: 79%
% Profit Contribution:
Option: 100%
Stock: 0%
OTM OPTION
Delta: .30
Strike: 375
Share Price: 343.67
Premium: 7.82
Breakeven: 335.85
Breakeven%: 2.28%
Max Profit: 39.15
POP: 55%
Prob Max Profit: 26%
% Profit Contribution:
Option: 19.97%
Stock: 80.03%
Notice the "% Profit Contribution" in the YELLOW boxes above.
This represents the % amount a stock or option contributes to the max profit of the trade.
The ITM Call Option always contributes 100% of the profit.
But the OTM Call Option contributes far less than the stock.
In other words, using OTM Calls for your Covered Calls requires you to be an excellent stock picker!
Most people are NOT remotely decent stock pickers!
But even if you happen to be somewhat good at picking stocks, why in the world would you undercut that skill by capping the upside profit?
Compare that with ITM Covered Calls where 0% of the stock contributes to the max profit. And with the downside protection, the stock can even move against me!
And as long as it doesn't move beyond my breakeven point, and the trade will be profitable.
In other words, I can be wrong and still profitable!
REASON #3: DEFENSIVE MANUEVERS
Not only do ITM Calls provide greater downside protection - so that the need to defend these types of trades arises less frequently and less quickly than with OTM calls - there are also more defensive options available for ITM Calls.
The reason is quite simple, OTM calls lose premium, and volume must faster than ITM and ATM calls.
By the time an ITM Covered Call needs defending, the stock has dropped significantly and my short strike is probably, near ATM (though this is not always the case).
Since ATM calls have the most liquidity, and the most premium, defending the trade becomes much easier than compared with an OTM trade.
If the stock has dropped beyond my short strike, my ITM (now OTM) will be much closer to the share price, therefore possess a higher delta (less risk), and generate more premium from a roll than would a further OTM Call - assuming the same exact roll expiration.
The more premium I collect the lower my breakevens drop, reducing my potentials losses even further.
The numbers from these two examples bear this out. Unlike the other trade examples, I've kept the numbers intential simplified for easy of understanding.
*** trade example #1 ***
ZYX is trading at 100
ITM OPTION
Delta: .80
Strike: 90
Share Price: 100
Premium: 12
Breakeven: 88
Breakeven%: 12%
Max Profit: 2
Stock Drops to $88
(ITM Breakeven)
Defend trade by rolling OUT in expiration and DOWN to the 85 strike for a net credit of $4.00
NEW POSITION AFTER DEFENDING
Delta: .60
Strike: 85
Share Price: 88
Original Share Price: 100
Total Premium: 16
Breakeven: 84
Breakeven%: 4.5%
New Max Profit: 1
*POSITION IS CURRENTLY
STILL PROFITABLE!
OTM OPTION
Delta: .30
Strike: 110
Share Price: 100
Premium: 2
Breakeven: 98
Breakeven%: 2%
Max Profit: 12
Stock Drops to $88
(ITM Breakeven)
Defend trade by rolling OUT in expiration and DOWN to the 90 strike for a net credit of $1.50
NEW POSITION AFTER DEFENDING
Delta: .40
Strike: 90
Share Price: 88
Original Share Price: 100
Total Premium: 3.50
Breakeven: 96.50
Breakeven%: -9.6%
New Max Profit: -6.50
*POSITION IS CURRENTLY
A LOCKED IN LOSER
*** trade example #2 ***
ABC is trading at 200
ITM OPTION
Delta: .80
Strike: 185
Share Price: 200
Premium: 21
Breakeven: 179
Breakeven%: 10.50%
Max Profit: 6
Stock Drops to $180
( near ITM Breakeven)
Defend trade by rolling OUT in expiration and DOWN to the 175 strike for a net credit of $6.00
NEW POSITION AFTER DEFENDING
Delta: .60
Strike: 175
Share Price: 180
Origianl Share Price: 200
Total Premium: 27
Breakeven: 173
Breakeven%: 3.9%
New Max Profit: 2
*POSITION IS CURRENTLY
STILL PROFITABLE!
OTM OPTION
Delta: .30
Strike: 215
Share Price: 200
Premium: 5
Breakeven: 195
Breakeven%: 2.5%
Max Profit: 20
Stock Drops to $180
(ITM Breakeven)
Defend trade by rolling OUT in expiration and DOWN to the 175 strike for a net credit of $6.00
NEW POSITION AFTER DEFENDING
Delta: .60
Strike: 175
Share Price: 180
Original Share Price: 200
Total Premium: 11
Breakeven: 189
Breakeven%: -4.4%
New Max Profit: -14.00
*POSITION IS CURRENTLY
A LOCKED IN LOSER
Can you see the superiority of the ITM Option? In particular notice, what happens when the underlying price dropped by 10% from 200 to 180 (trade exampe #2).
First, the ITM option was still profitable even before rolling to defend, but the OTM was already a -$15 loser!
Second, after the roll, the ITM position improved by collecting additional premium and lowering the breakeven.
I haven't addressed is here at all, but this position is something I discuss with my members as a "DO NOTHING POSITION" - meaning as long as the shares "do nothing" (share price stays where it is) then I need to "do nothing" in order to reach profitability.
Third, the OTM position is currently a guaranteed loser. The best that can come from this position (without additional management) is a locked in loss of -$14 or -$1,400!
The ITM is a current potential winner at a best case of $2 or $200.
This represents a difference between the ITM and OTM positions of $1600!
Yes, I understand that the OTM could have collected more premium by rolling further out in time, potentially avoiding the locked-in-loss scenario.
But...
There's no guarantee there'll be enough duration and premium to overcome any downward slide of shares.
There's also no guarantee the share price has reached it's bottom. If it continues to fall, the OTM position will eventually run out of runway - it will have no futher expirations to roll to.
At which point the OTM position is a locked in loser, and it's locked in for 1-2 years. That's a long time to tie up capital which could (and should) be deployed into other revenue-generating trades.
And this brings me to a futher point...
You are most welcome to trade oTM Covered calls (or anything else you want)...
i trade ITM covered Calls
and that's what
this list proivdes:
a daily list of
the best-probability
equity & index
covered calls
with a focus on
consistent income
Of course I am well aware of the greater max profits available in OTM positions. However, I am no longer in a growth phase of investing. I have enough capital to generate an income, retire my wife, gain the freedom to do what I want to do, or not do, when I do or don't want to do it.
I make no claim or petition about what you must do with your money!
My entire point is this:
If you DO NOT like trading covered calls using ITM call options, you WILL NOT be satisfied with this list, and therefore SHOULD NOT sign up for the free membership.
So at this stage, you've got just one question sitting in front of you:
can you answer "MAYBE"
to any of these questions?
Because a "maybe" is all that's being asked for.
If you can answer "maybe" to any of these questions, then you owe it to yourself to grab your FREE 90 day membership immediately!
**QUESTION #1: Are you interested in earning consistent monthly income using covered calls, and in particular ITM covered calls?
**QUESTION #2: Would it benefit you to cut out the clutter and confusion by only entering trades with high-probabilities of success, ample downside protection, and enough yield to meet your income goals?
**QUESTION #3: Do you value your FREEDOM, desire to be unchained from your screen, wish to spend less time at your desk or job while making the same, or even more, monthly income through trading options?
**QUESTION #4: Do you have enough trading experience to know the difference between a Call and a Put, a short vs long position, and know how to place a covered call with your broker?
[And if you do not, are you willing to learn?]
**QUESTION #5: Do you have a working email? Because a functional email that can receive messages is all you to gain access to this daily list of covered calls.
YOU DO NOT NEED A CREDIT CARD!
Here's why?
Because I've extended this trial membership out to 3 months or a total of 90 days.
This provides you with enough time to determine if trading covered calls is right for you. And if you value the dail list of covered call trade setups enough to pay for it.
Now I know 90 days is enough time for you to lose track and forget to cancel. That's why I don't want your credit card!
I always hate it when I get zapped for a trial I forgot about. Sometimes I think they offer trials hoping we forget. - Probably KNOWING we forget!
It leaves a bad taste in my mouth. And I don't want to do that to you.
So no credit card needed. Just an email.
This means there's literally ZERO RISK FOR YOU!
When you signup today, you get:
90 days full membership - you don't get less then any other paying member. You get the full and complete list of the best covered calls each and every day.
This NOT an incomplete or limited membership.
It is a FULL MEMBERSHIP free for 90 days.
And you get control.
If at the end of the 90 days, you decide the Covered Call Hot List isn't for you, you don't have to fill out any form, call or chat with any support, or comb through your email to find a hidden link or button to click.
You simply DO NOTHING!
Because I don't collect your credit card upfront, I've put you in the ultimate: "DO NOTHING POSITION".
Your access will expire and you won't own a dime!
Once you sign up you'll start receiving my Daily Covered Calls Hot List immediately.
The list is sent out everyday following a trading day (mainly Tuesday-Saturday). So the sooner you register, the sooner you'll have access, plus you'll lock in the current price of only $1/day - should you decide to move forward at the end of your no-credit-card-required 90-day trial!
And if I can be presumptuous:
Since you've read this far, I'm quite certain you're well into the "Maybe this is for me" camp. That's why I'll nudge you one last time with:
What are you waiting for? There's no risk to you!
Submit your email today and get my Daily Covered Calls Hot List for 3 months FREE!
Claim your FREE MEMBERSHIP
using the form below!
Valid Email Only.
NO CREDIT CARD REQUIRED
No! We never sell or rent your information. That's just totally lame. :(
Again:
What Are You Waiting For?
You have ZERO RISK - try this Daily Covered Call Hot List for the next 3 months FREE - without COMMITMENTS or OBLIGATIONS!
See you in the membership!
To your wealth & income goals,
I'm Mike, and I want to send you my list of covered call trades for the next 90 days! This is the same list I use myself - been using it for nearly 10 years to produce a consistent income through ITM covered calls.
CoveredCallsForIncome.com
OptionsTraderWeekly.com
P.S. If you skipped all the way down here without reading, this is for you:
Are you interested in using Covered Calls to generate consistent monthly paychecks?
Get your free, full-membership trial to my daily list of high-probability covered calls (ranges between 300-500 trades on the list each day).
Each trade is screened from every tradable equity and index option (every strike, every expiration). The list includes trades that provide minimum 10% downside protection, minimum 80% pop, and minimum 24% annualize yield.
All trades use ITM call options (if you don't want ITM covered calls, you don't want this list!).
I ONLY NEED YOUR EMAIL - NO CREDIT CARD REQUIRED!
Just sign up using the form below, and you'll get unlimited access to this daily covered calls list (sent to your inbox every day) absolutely FREE!
And no fear that you'll forget to cancel!
If at the end of your trial membership you want to continue, by registering right now, you'll have locked in the current membership rate of only $1 per day!
P.P.S. If you're not interested in generating consistent monthly income using covered calls, maybe you know someone who is?
Would you mind forwarding them this webpage so they can benefit from their FREE 90 Day Full Membership to my Daily Covered Calls Hot List?
No! We never sell or rent your information. That's just totally lame. :(
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