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Using Delta to Determine an Ultra-Defensive In-The-Money Covered Call Strike

Using Delta to Determine an Ultra-Defensive In-The-Money Covered Call Strike

Nov 16, 2024 | Fundamental Analysis, Investment Basics, Option Trading Basics, Options Calculations, Options Trade Execution, Stock Option Strategies

click ↑ 4 Featured When writing covered calls in bear and volatile markets, we may choose to take a defensive posture and use in-the-money call strikes which offer additional downside protection in the form of intrinsic value. We can take this approach to an even...

Analyzing LEAPS for The Poor Man’s Covered Call + Free Webinar Registration Link

Nov 28, 2020 | Investment Basics, Option Trading Basics, Options Calculations, Options Trade Execution, Stock Option Strategies

The Poor Man’s Covered Call (PMCC), also known as a long call diagonal debit spread, is where deep in-the-money (ITM) LEAPS options are used in place of the long stock position. As with all strategies, the PMCC has its advantages and disadvantages but the main...
Delta as the Sole Criteria for Covered Call Writing Strike Selection

Delta as the Sole Criteria for Covered Call Writing Strike Selection

Oct 19, 2019 | Investment Basics, Option Trading Basics, Options Calculations, Options Trade Execution, Stock Option Strategies

Strike selection is the second required skill when writing covered call options or selling cash-secured puts. Over the years I have been asked to suggest a specific Delta for strike selection implying that this statistic would be the sole criterion to determine strike...
Strike Selection for Portfolio Overwriting Low Cost-Basis Stocks

Strike Selection for Portfolio Overwriting Low Cost-Basis Stocks

Sep 29, 2018 | Investment Basics, Option Trading Basics, Options Calculations, Stock Investing, Stock Option Strategies

Portfolio Overwriting is covered call writing using existing long-term buy-and-hold securities. It implies low cost-basis shares, dividend-bearing stocks and exchange-traded funds (ETFs). Since we don’t want our shares called away while generating additional...
Understanding the Impact Implied Volatility has on Delta

Understanding the Impact Implied Volatility has on Delta

Jul 28, 2018 | Investment Basics, Option Trading Basics, Stock Investing, Stock Option Strategies

For covered call writers and put-sellers, the option Greeks play a major role in our understanding of the risks and value of our option premiums. We know our option premiums consist of intrinsic value (for in-the-money strikes) + time value. Our initial time value...
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