Drawing from decades of experience and rigorous research, the book with 525 pages (6*9) aims to educate readers on leveraging market downturns for profit while minimizing risks. This book is about double the size of books on investing. From real experiences, this book shows you the pitfalls of using covered calls that could save you hundreds of dollars. The included tutorial makes learning easier.
Covered calls are an options strategy that involves selling call options on stocks you already own. While this approach generates consistent income (an advantage), it caps potential gains if the stock's price rises significantly (a disadvantage).
It is like collecting rent from the apartment you bought. The difference is that the renter has an option to buy the apartment at a preset time and price.
This book is rated 4/5 with recommendation "A valuable resource for covered call strategies" by ChatGPT (AI).
Target Audience:
This book is ideal for intermediate to advanced investors who want to enhance their portfolio with short-selling techniques and related strategies.
Beginners can also benefit from foundational insights into market dynamics and investing principles. Beginners should buy contra ETFs.
Author's Expertise:
The author leverages his extensive experience and years of successful investing to provide readers with actionable advice. His personal anecdotes and transparent sharing of past mistakes make the book relatable and informative. Except for specific circumstances, the author practices covered call trades once every month.
Initial date: 1/2025
Update: 5/2025
Size: 525 pages (6*9)