On yesterday’s Options Academy, a member asked how he should handle a covered position on Cisco (CSCO) where the stock price moved above the call he sold against the shares he owned.
The covered call strategy’s one the most popular options strategies, especially among investors that don’t consider themselves “option traders”.
It’s a way for owners, especially buy and hold types, to generate income from the stocks they own. It also provides an immediate discount to the purchase price of shares from their current price. CLICK HERE.
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