tailieunhanh - The Options Course High Profit & Low Stress Trading Methods Second Edition phần 3

giúp bạn tiết kiệm từ mất đi một số tiền lớn nếu một cổ phiếu giảm lớn. Viết các cuộc gọi được bảo hiểm có thể làm việc. Tuy nhiên, bạn phải tìm những cổ phiếu đáp ứng một trong hai tiêu chí: xu hướng đi lên hoặc duy trì một loạt các giao dịch. | Basic Trading Strategies 103 save you from losing large sums of money if the stock makes a big drop. Writing covered calls can work. However you must find stocks that meet one of two criteria trending upward or maintaining a trading range. As exhibited with XYZ covered calls work well with stocks on the rise. Unfortunately even stocks with upward trends have moments in which they make sharp corrections. These periods are difficult for covered call writers as they watch their accounts shrink because the covered call does not offer comprehensive protection to the downside. However in many cases good stocks will rebound. If you do choose to write covered calls do so only in high-grade stocks that have been in a consistent uptrend and have exhibited strong growth in earnings per share. To protect yourself from severe down moves you can combine covered calls with buying puts for protection. If you purchase long-term puts over six months you can continue to write calls month after month but you will have the added protection of the right to sell the underlying stock at a specific price. Exiting the Position Since a covered call protects only a stock within a specific range it is vital to monitor the daily price movement of the underlying stock. Let s investigate optimal exit strategies for the first covered call example the sale of the 50 call. XYZ rises above the short strike 50 The short call is assigned. Use the 100 shares from the original long stock position to satisfy your obligation to deliver 100 shares of XYZ to the option holder at 50 a share. This scenario allows you to take in the maximum profit of 375. XYZ falls below the short strike 50 but stays above the initial stock price 49 The short call expires worthless and you get to keep the premium 275 received. No losses have occurred on the long stock position and you can place another covered call to offset the risk on the long stock position if you wish. XYZfalls below the initial stock price 49 but stays .