BEP is one covered write ETF I am aware of. Pays a $1.00 divident twice
a year.
Christopher Smith
TheOptionClub.
--- In OptionClub@yahoogro
wrote:
>
> There is an ETF you buy that writes monthly calls against the SPY.
Don't remember if they are at or out of the money, but if you trade
small the overall friction is a ton cheaper. I forget the symbol. There
are also a series of ETFS coming late this year will actively manage SPY
put credit spreads and spy iron condors. The filings and adjustment
methodology will be coming - hopefully - in Q 4 or Q 1 of 10
> I'll post to the list when they file
>
>
> ISE educational presentations are now available via the iTunes Music
Store. Visit Option Education @ Your Fingertips for free ISE podcasts.
Sent from my Blackberry. Alex Jacobson ajacobson@..
>
> ____________
> From: OptionClub@yahoogro
> To: OptionClub@yahoogro
> Sent: Sat Aug 22 13:01:34 2009
> Subject: Re: [TheOptionClub.
>
>
>
> Don,
>
> This group would be a bonanza for you;
>
> http://finance.
>
> They are a very active group about CC. You could spend hours reading
the archives full of good information.
>
> I just want to say I dont prefer the method Chris described to you. If
you want and expect an up market then selling calls will work against
you. If I trade CC, I would have no CC un an up trend and sell 2 or 3
calls per 100 shares of stock during downtrends. Or I would always be
short calls and roll them up and down to keep the strike price close to
market. But this would only work with front month calls and may only
yield 1%/ month.
> You must also have an underlying that wont ever go away, and I dont
know of anything 100% guarenteed. Gold and the SPY are you best bets
tho. Gold will always have value as long as people are living on earth,
I think...
>
> Ross
>
> But thats just me and the yahoo group I posted does not agree with me.
> -------Original Message-----
>
> From: clslaw</mc/compose?
> Date: 08/21/09 09:55:33
> To:
OptionClub@yahoogro
> Subject: [TheOptionClub.
>
>
>
> Selling in-the-money calls on the SPY should be working rather well
right now, and will continue to work as long as the market stays in this
upward trend. The reason it is working is because the covered call is a
bullish strategy that does not require much directional cooperation from
the underlying security. So long as you do not see a significant
sell-off your positions will be profitable.
>
> Markets change, though. This rally will one day fade. When? No one
can say. It will change, though. Your challenge is to educate yourself
between now and then, so that you have a plan in place. If you can
provide us with some background on your trading and where you want to
take it, we will have a much better opportunity to help you choose a
reasoned path for your studies.
>
> Christopher Smith
> TheOptionClub. com
>
>
> --- In OptionClub@yahoogro ups.com, "carolinaspring66" spring@ wrote:
> >
> > I have been doing covered calls on SPY,SELLING IN- MONEY CALLS ONE
MONTH OUT.I know I have alot to learn.Could someone give me some advice?
> >
> > THANKS
> >
>
>
>
>
>
>
>
>
>
[cid:1.1209153322@
i=97569646
>
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