MY COVERED CALLS - About Us |
| My Covered Calls is an Australian business registered in Queensland. It's a data provider for people who wish to trade Covered Call options. Alex and Tony are the owners. They are both private traders who needed a better way to obtain ASX option data and analyse it. They developed a very successful on-line system that involves purchasing the ASX option data and presenting it in an easy to understand format. And distributing that information to MyCC Members.
My Covered Calls head office is located on the Gold Coast. Successful call writing may be measure by getting consistent monthly cash flow from high returns. How is this achieved? By knowing which “bluechip” shares have the highest option yield, knowing the share price trend of these companies and making a simple yet effective plan before entering the market. Then, trading the plan.
My Covered Calls uses ASX data to create Smart Reports that show the highest yields and let you quickly compare deals in, out and at the money. Share price trends can be instantly viewed within the reports, by clicking the company name.
My Covered Calls consistent success comes from using the yield and trend and planning all trades, every time; and trading the plan. Once you enter the market you can follow the live movement of the companies you have selected in the plan, and buy shares and sell options as close to the plan as possible.
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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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