It’s always a challenge to spread the word about the benefits of Covered Calls and Cash-Secured puts to sceptical private investors. On the one hand, its a good thing that folks are cautious of something that they have not come across before. There are plenty of scams out there and so a healthy cynicism can be a good defence. But of course, on the other hand, it can mean that they miss out on the genuine opportunities — such as Covered Calls — available to them. That why I was delighted to be asked to write an article for SharePad last week.
If you have not come across SharePad or ShareScope before then they are the leading investment data and analysis platform in the UK. Indeed they were awarded ‘Best Investment Software’ in 2020 by Shares magazine. So, to be able to get my message out via such a well-respected platform is a great opportunity.
Personally, I and many of my clients, use Sharepad as the starting point for all our research into equities that we may want to use with the FIRE Revolution strategy. Think of its as a one-stop shop for carrying out all the analysis of the stocks you are considering selling options on. You can carry out all your fundamental analysis, check the charts for your favourite technical indicators, review a summary of what the analysts think of your candidate stock and build a watchlist of potential investments. It’s a great tool.
So, with the introduction out of the way, here is a link to the article: How to Treble Your Dividend Yield