Covered Calls and LEAPS--A Wealth Option + DVD: A Guide for Generating Extraordinary Monthly Income
Includes a companion DVD in which traders discuss how they've successfully utilized covered calls and LEAPS in today's markets\ "A brilliant book!"\ —From the Foreword by Robert Kiyosaki, author of Rich Dad, Poor Dad\ In this one-of-a-kind "how-to" guide, Joseph Hooper and Aaron Zalewski provide step-by-step instructions for generating large monthly cash returns from almost any stock investment—while at the same time decreasing the risk of stock ownership.\ Debunking conventional wisdom on...
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In this one-of-a-kind "how-to" guide, Joseph Hooper and Aaron Zalewski provide step-by-step instructions for generating large monthly cash returns from almost any stock investment—while at the same time decreasing the risk of stock ownership.Debunking conventional wisdom on every page, the authors turn traditional stock investment philosophy on its head—no more reliance on rising markets to grow a portfolio, no more stock picking, and no more "stop losses." In their revolutionary philosophy of "growth through cash flow," Hooper and Zalewski demonstrate how writing covered calls against stocks provides consistent monthly cash income—regardless of market direction. Cash flow that can provide income in retirement or, alternatively, can be reinvested on a monthly basis to dramatically compound the growth of a stock portfolio.Hooper and Zalewski also show how the romantic-ism of high-risk/high-return options trading leads the vast majority of speculators "to the slaughter." Most importantly, they reveal how the option seller can consistently profit from these losses. In this detailed compilation of rules and techniques, developed over twenty-five years in the markets, the authors liken their safe, conservative, and time-proven covered call techniques as learning to become the "house in Vegas."What's more, the authors pick up where other guides end: focusing on what to do when things do not go as anticipated and how to continuously generate monthly income from a stock position regardless of market direction. The authors explain how to manage stocks with covered calls to produce consistent monthly cash returns regardless of whether the stock or market is going up, down, or sideways.Finally, Hooper and Zalewski examine how you can use calendar LEAPS spreads to dramatically increase the performance of covered calls. When used by experienced investors, this more advanced technique can provide returns nearly double that of the traditional covered calls with little increased risk. Again, the authors show how to manage these positions for consistent monthly income regardless of market direction. Covered Calls and LEAPS—A Wealth Option is the definitive, dedicated, rule-based guide to covered calls and calendar LEAPS spreads. It is filled with in-depth insight and expert advice, and is the most complete writing ever compiled on the subject.
Foreword. Preface. CHAPTER 1 An Introduction to Options. PART I Covered Calls. CHAPTER 2 An Introduction to Covered Calls. CHAPTER 3 Entering New Covered Call Positions. CHAPTER 4 Management Rules. CHAPTER 5 Defensive Techniques. PART II Calendar LEAPS Spreads. CHAPTER 6 An Introduction to Calendar LEAPS Spreads. CHAPTER 7 Entering New LEAPS Positions. CHAPTER 8 Management Rules. CHAPTER 9 Defensive Techniques. CONCLUSION How to Move Forward. APPENDIX A Quick Reference Guide. APPENDIX B Foreign Exchange Risk. APPENDIX C Brokerages and Order Types. APPENDIX D Using ETFs and HOLDRs for Diversification. APPENDIX E Compound Stock Earnings Support Services. Glossary. Disclaimer and Legal Information. About the DVD. Index.
