Any Covered Call strategies?
Author: mullapudi
Creation Date: 9/9/2010 6:24 PM
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mullapudi

#1
I own some stocks that i would like to write covered calls every month and generate some income.

Are there any strategies out there that i could use to assist me in writing covered calls. I dont want to write way OTM calls.

Can anyone help me in writing a script which generates a table of stock prices:

1) It should show closing price of stock on the day of option expiry
2) Opening price of the stock the following monday
3) % change in the stock price from monday opening price to the closing price of the stock on the following stock option expiry
date (typically one month away)

Any help appreciated.
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Eugene

#2
FYI: Trading strategies are discussed in this forum: Trading Strategies
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Eugene

#3
To determine the day of option expiry, use the function IsOptionExpiryDate (QuickRef it for a code example).
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Sammy_G

#4
If you have WL4, study the option scripts there, esp. Basic QQQ Covered Calls, Bull Put Spread Grapher, Calendar Spread Grapher, and Universal Option System Tester.

If you don't have WL4, here's the link to these scripts (in Delphi/Pascal language); they were all created by Option_Attack: http://wl4.wealth-lab.com/cgi-bin/WealthLab.DLL/profile?user=Option_Attack
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