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The Covered Call Panacea Redux

Discussion in 'Derivatives' started by wayneL, Apr 13, 2015.

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  1. wayneL

    wayneL Rotaredom

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    It's whack a mole. Covered call spruikers keep popping us with the same farking BS...

    My FaceAche feed is being spammed with the latest iteration of the "earn 3-4-5-WHATEVER% per month"

    Time for another thread on this topic, especially as we seem to have some well educated optionistas here now.
     
  2. cynic

    cynic

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    May I start a thread on naked written puts?
     
  3. wayneL

    wayneL Rotaredom

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    Of course :)
     
  4. cynic

    cynic

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    You won't mind if I borrow the profit graphs from here then?

    It's just that I'm not very good at drawing them and they should be nearly the same.
     
  5. wayneL

    wayneL Rotaredom

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    They're not the same!
    They're not the same!
    They're not the same!
    They're not the same!
    They're not the same!
    They're not the same!
    They're not the same!
    They're not the same!
    They're not the same!
    They're not the same!
    They're not the same!
    They're not the same!
    They're not the same!
    They're not the same!
    They're not the same!
    They're not the same!

    .... are they? :D:D:D
     
  6. cynic

    cynic

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    That's okay! I'm willing to take my chances. The newbs that I'm intent on marketing my $5,000+ webinars and weekend workshops to won't notice the difference!
     
  7. wayneL

    wayneL Rotaredom

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    OK

    How many % per month is your offer? I have to do my cost benefit analysis :D

    The FaceAche guy is offering 3% per month for $10k.... reduced to $4995 if I get in quick. :p:
     
  8. cynic

    cynic

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    At the moment I can get you 300-400% returns over 6 months*

    I was going to charge a special rate of $6k for the first 100 takers, but since you're a mate, I'm willing to offer you a VIP ticket at the bargain basement wholesale discount price of only $10,995 in two easy to pay instalments.(Please don't tell anyone else though - I don't want them to think that I'm getting soft!)

    *contingent on the DAX not dropping below it's current all time record high prior to September expiry
     
  9. wayneL

    wayneL Rotaredom

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    That seems a bit low. I wanna get rich quick! :p:
     
  10. wayneL

    wayneL Rotaredom

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    Can you you turn my $795 ( all my worldly wealth after I've piad fro your course) into a million in a year?:cautious:
     
  11. cynic

    cynic

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    For an additional $695 I can offer you my Casino Pro Martingale Systems (TM) betting webinar module. That'll guarantee exponentially increasing gains* on your residual $100

    *contingent upon never losing a single even money bet on the roulette wheel at your chosen casino gaming venue
     
  12. galumay

    galumay learner

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    I knew if I hung around ASF long enough some of the knowledge would rub off, sign me up please!
     
  13. cynic

    cynic

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    I can see that you are a most discerning and intelligent investor. Step right this way!

    Take note everybody! Only 99 places left! So you'd better be quick! They're filling up fast!!

    P.S. All major credit cards accepted. 2-5% surcharges apply.

    P.P.S. Audited broker statements?!! Why on earth would you want to see those?!!!
     
  14. DeepState

    DeepState Multi-Strategy, Quant and Fundamental

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    Chart Breakout! Get me set. I'm in.
    What's a broker statement? I'm not interested in going broke, let alone, broker.
     
  15. cynic

    cynic

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    No need to worry yourself about broker statements - only losers ever ask about those!! And I can see that you're an astute investor with the ability to recognize and appreciate premium quality financial education at a glance!

    So welcome aboard!

    Take note everyone!!

    Only 98 places left and they're selling fast!!

    He who hesitates is lost! Secure your future Now!!!

    P.S. AFSL number ?!!! I think I borrowed one from some company or other last year. Can I get back to you on that?
     
  16. hhse

    hhse

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    With just $1,000, you can be a millionaire in just 2.5 years. Sell call options on CFDs and you can make 30% per month. That's 2300% return per year!!! Sign up right now.
     
  17. wayneL

    wayneL Rotaredom

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    Where? Where?
     
  18. wayneL

    wayneL Rotaredom

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    Seriously folks....

    Ever since I've been back to sweating for a living, I've been using covered calls over my bottom drawer stuff as an "extract some cash from the blinkin' dogs" strategy.

    Good for a few percent per year... a bit more if I'm in the zone.

    But 3% (or more) cash per month? => awnker.gif
     
  19. cynic

    cynic

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    Does your bottom's drawers get called away often?

    (Whilst I'm sure that those horsey clients of yours keep you fit, I'd still hate to see you naked!)
     
  20. wayneL

    wayneL Rotaredom

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    Apocalypse Never! I draw first.

    Don't want a capital gains tax event so take the loss on the short call before my counterparty's financial imperative kicks in.

    It happens...... 'cept when I'm in the zone. ;)
     
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