Seller's Paradise

We get a lot of questions about weekly vs monthly covered calls. The basic question is: Which is best?

Since every investor has a different risk/reward profile there is no single "best", but there are several features that many investors look for in each. It also depends if you are talking about the top 10 most liquid weekly options, or weeklys on some of the lesser traded symbols (there are now 366 symbols that have weeklys).

For some things to consider when deciding weekly vs monthly, as well as the top 10 weeklys list, visit our blog article Weekly vs Monthly Covered Calls.

Everyone knows that if you sell weekly options consistently throughout the year you can get 52 dividend-like payments per year from the option premium on the position.

Cool. But what if you were to sell in-the-money weekly options on stocks that went ex-dividend that week (with the hope of them being called away at each expiration)? Then you'd have 104 dividend and dividend-like payments per year (granted, you'd have to buy a new underlying stock each week; so beware of transaction costs).

Using Born To Sell's weekly screener combined with the Dividend Search feature it is easy to find these kinds of opportunities. Just go to the Search->Dividend menu and set the Expiration slider to a weekly expiration date. All of the covered call results will be weekly options that have ex-dividend dates prior to expiration. Good place to start looking for weekly income.

We posted a couple of week's worth of examples in our blog articles Weekly Dividend Income June 9 to June 13 and Weekly Dividend Income June 16 to June 20.

In March we announced TraderMinute.com's new $100K Challenge, where they try to turn $3K into $100K in 4 months by trading options (not covered calls). This is the 12th time they've attempted the challenge, and the average win over the last 11 attempts is $27K (including two attempts where they met their $100K goal).

Update #3: With about 3 weeks left in this 4 month challenge, the original $3000 is now $42,697, representing a $39K, or 14x, gain.

As a reminder, Born To Sell has arranged a special discount code where you can watch them trade live for 1 month for free (no obligation to pay). You will be a full member of their Live Trade Seat service and can see their trades real-time and ask them questions. To get your discount code for the no-obligation 1 month free trial, visit TraderMinute.com Discount Code.

With one week to go until the June options expire, the top 4 covered calls Born To Sell members have written are (in order of popularity):

(Note: Born To Sell members have access to the full Top 10 Covered Call list, as well as having this list update real-time as members change positions. These are not recommendations, they are merely a reflection of our members' current positions.)

Currently, the top 8 stocks Born To Sell members are using for their Watchlist are (in order of popularity):

(Note: Born To Sell members have access to the full Top 20 Watchlist, as well as having this list update real-time as members change their watchlists. And, you can have the highest yielding covered calls from your personal watchlist emailed to you after the close each day. Never miss a fat premium from your watchlist again!)

Born To Sell is dedicated to only one thing: Making Money With Covered Calls. Our subscribers have access to state-of-the-art covered call screeners and covered call portfolio management tools. For less than the profit of a single trade you could be enjoying recurring monthly income using our tools. Three subscription types to choose from:

Plus, all subscriptions begin with a no-obligation 2-week free trial. What are you waiting for? Start collecting premium today!

Happy Trading,

The Born To Sell Team