Covered Call Writing with Qs and Diamonds: Double-Digit Returns on Ready-Made Portfolios
by Paul D. Kadavy
Category: Investments

?Covered Call Writing With Qs And Diamonds: Double-Digit Returns on Ready-Made Portfolios? is not just another book about covered call writing. It is a highly focused, readily understandable educational tool and easy-to-follow implementation program. If you are an investor in equities and are seeking to achieve double-digit investment returns in a market that experts such as Warren Buffett, John Templeton, Jeremy Siegel, John Bollinger, Barton Biggs and many others believe will only grow by an average of 5% to 6% for decades to come, then this book is for you. Everything is here that you need as an investor to develop and implement a covered call writing program unique to your needs on two of the world?s most liquid, highly diversified equity portfolios.THE KEY ELEMENTS OF THE BOOK PROVIDE:The case for using the Nasdaq-100 Index Tracking Stock (top 100 Nasdaq stocks in market capitalization), also known as the ?Qs? (ticker symbol QQQ) and the Diamonds Trust Series 1 (tracks the Dow Jones Industrial Average), known as Diamonds (ticker symbol DIA) as total or substantial portfolio decisions. This allows investors to achieve significantly more equity ownership diversification than they can typically achieve from shares in individual stocks and eliminates the need to spend time on stock research.Details on the unique features of these two highly liquid and popular Exchange Traded Funds (ETFs) that make them ideally suitable for no hassle, easy decision covered call writing to assist in achieving consistent double-digit investment returns in a more conservative way than a buy-and-hold equity strategy.A detailed turnkey implementation program for call writing with the QQQ and DIA, including out-of-the-money strategies and in-the-money strategies, both of which can yield solid double-digit returns, and when and how to effectively use both of them.Discussion on call expiration date selection to fit your needs, including the advantages of shorter-term and longer-term expirations.A presentation of technical analysis tools to assist investors in making short-term decisions on when to buy and sell, when to write calls, and which type of call to write.Use of Microsoft? Excel spreadsheets to assist in reviewing covered call writing selection alternatives and tracking your results so that the best decisions for you are reached to achieve your investment return goal.Use of margin, if appropriate for you, to increase returns from covered call writing on these ready-made portfolios.Details about brokerage accounts, with special emphasis on the use of online discount brokerages for quick, very low cost execution of trades. Many Web sites of brokerages and other information sources are discussed and provided so you can obtain the maximum amount of information to focus on what you need to know and how to use it.A complete presentation on the tax information you need to understand and administer the income tax aspects of covered call writing. This includes deferring taxation of income until a later tax year while enjoying the use of the income now. With interest rates so low and a scarcity of acceptable investment alternatives available to us as investors, covered call writing on diversified portfolios such as the Qs and Diamonds may offer one of the best possible opportunities to achieve double-digit investment returns in the slow-growth market we seem sure to encounter ahead.