covered call search engine

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dannentl

anyone subscribe to good CC search engine? I was subscribing to Investools, but wanted to buys stocks i like then sell the CC and their search engine in my opinion gave me lots of smaller volumn equities. what i want is a way to search for premiums on blue chips and etf's.
thanks
dan
 
The term 'good' must be qualified here. But in any case, if you are looking for a fairly useful stock/option screener, you might want to look into ValueLine. Subscription to their daily option is very cheap-- for example fidelity costumer will pay about $6 per month through fidelity. Take a look at:
https://www.vlonline.com/fidelity/?user=fidelity

also, you might want to join the yahoo group
http://finance.groups.yahoo.com/group/justcoveredcalls/ as your SUPPORT group for CC. In any case--remember that the CC business is just as 'risky' as selling puts.

~Bben
 
Quote from dannentl:

wanted to buys stocks i like then sell the CC
thanks
dan
More...

Dan,

You do not need a search tool. You only want stocks you like? Good. How big can that list be?

Look at your stocks. Pick an entry point, if you use technical analysis - and when the stock reaches the right price level, do the covered call - or sell the cash-secured naked put instead.

If you don't use a pre-determined entry point, then start with one stock and pick a good (good varies by the investor and his/her objectives) call to write.

As time passes, do another and another. In other words, don't go all in at once.

But be aware, this is a bullish strategy and you will not be happy if the market declines.

Mark
http://blog.mdwoptions.com
 
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