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My Covered Calls allows you to quickly filter through the hundreds of options available on the Australian Stock Exchange and easily identify those options with the best return, or choose your own filtering criteria. Click below to see a current screenshot of the "Top 20" report:
Please click on the image below to see a real example of Call and Put reports in ProWriter Basic.
Click to view a larger image of a LIVE REPORT
If you trade Call or Put options then My Covered Calls data service is for you. If you are still learning about Call and Put options then you can use My Covered Calls data service to ‘paper-trade’ until you are confident to go live. See “5 Steps to Writing Covered Calls”
My Covered Calls provides an option data service. The software, ProWriter Basic, is free. You use ProWriter Basic to interpret the data looking for the option Yield and price Trend. You can also see: company information including prices, movement etc; option codes; last trade; expiry date; strike price; ASX price [Premium]; contract size; open interest; and Profit & % Return Exercised or Not-exercised. The share price Trend can easily be viewed by opening the ‘Trend Chart’, linked into the software. The same information can also be viewed in the member’s area of this web page when you are on the move. Footprint is small enough for iPhone viewing.
ProWriter gives you all the information required to make an informed decision before trading options. All this data is refreshed about every hour during market open times, and is conveniently shown in one easy to read report. Once you have read the ProWriter reports, made a short list of companies with good Yields, Prices and Trends; and written your Trading Plan (most important); you can go online and trade or speak with your advisor (Broker).
ProWriter is a fantastic tool. It is unique, unlike any other data service available. Not only that sign up today to our FREE seven day trial and receive ProWriter Basic free!
ProWriter is a fantastic tool. It is unique, unlike any other data service available. Not only that, sign up to our FREE seven day trial and receive ProWriter Basic at no cost!
If you own shares now you can still write "covered call" options over them and receive income, even if their current price is down from when you purchased. If you have cash or other assets, then you can use these to generate monthly income buy buying shares at a lower cost and writing covered calls.
Click to view a larger image
My Covered Calls will allow you to access valuable options data to give you the opportunity to make your assets work for you to generate cash-flow each month. This is a proven strategy that Brokers have known about for years. Now that we have computers and can trade from home, like the professionals; anyone can get the advantages of trading Covered Calls, for extra monthly income or growing your wealth.
I have been investing in the stock market for many years, unfortunately not very successfully, until I was introduced to Alex O’Neil and My Covered Calls. That was 18 months ago when the market was trading around the 6000 mark and the resources were producing good results and exciting volatility. I did all right with this new way of trading, buying and writing covered calls. To help me control the monies invested and make the decisions, I developed my own spread sheet to calculate the best call returns after all brokerage and fees. This was very time consuming and mistake prone caused by manually transferring information from the Call data to the spread sheet. There were many times I skipped the planning process to execute the trade as time was a premium. However I was happy with the results because the markets were moving up more than they were moving down and mistakes were easily covered. Boy! have things changed now. The downs, are by far exceeding the ups, with potential for greater losses now occurring. This makes accurate planning essential in executing a successful trade, as the volatility today can be extremely dangerous. I would not be in the market today if it were not for ProWriter Plus. The ease of transfer from the data files to the short list and then trading plan gives total control over the trade action. Funds employed are controlled and returns accurately calculated. With this assistance I can devote more attention to the risk of the trade verses the return of the trade. I could not trade without ProWriter Plus. Peter Smith
Melbourne, VIC
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