Covered Calls: Five Steps to Make Profitable Option Trades
Contrarian Profits (July 17th, 2009) Writes:
The mainstream “press” does not want you to pay attention to option strategies such as covered calls. There is a conspiracy here - and it’s meant to keep you ignorant to a sector of the market that just doesn’t fit in with the “buy stocks and mutual funds” mantra that makes Wall Street money.
You see, there are no upgrades or downgrades for covered calls, LEAPs, or puts.
It’s because most mutual fun managers can’t see beyond what they have been taught, which has predominantly been to “buy stocks.”
Sure, they’ve heard of options and even know how they work, but they are scared of showing options on their portfolios because the “Average Joe” that invests in mutual funds still looks at options with tremendous skepticism.
They’re dead wrong.
The options market was created for professionals and institutional money managers, who don’t report to the general public, but to their wealthy or sophisticated constituents.
When George
...bank of england, broker, cent;, contrarian profits, George Soros, Market Commentary, Mutual Funds, The Macro Trader, USD, wall street, Yamana


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