Covered Calls Made Easy: Generate Monthly Cash Flow by Selling Options

Easiest and quickest read ever for me on selling covered calls. I have read several .Even provides five metrics for managing risk in one of the lowest risk investment methods around.I offer ***** because the book teaches how to manage risks for a retiree adding a monthly income strategy to a growth portfolio that has beaten the major index returns since 2011... a better than average period for growth stocks

This is a good basic introduction to covered calls. I have done covered calls since 1975, but explaining them to friends and relatives always seems to come across as 'complicated' or requiring 'stock market expertise'. This book helps explain the process and the 5 criteria for picking stocks was useful.I always use the concept of an 'annualized rate of return'. (Dividends* + Option Premiums) divided by Cost divided by days till expiration times 365. [* include the dividend only if the x-dividend date is within the option period and the Strike price is above the current quote.]The 'missing' helpful piece of information is that covered calls can be written against 'Market Average Indexes' such as the S&P 500 Index SPY, the Dow Jones Industrial Average DIA, the S&P 100 Index OEF, and the High Dividend DOW Stocks DVY. The dividends are not as good and the Option premiums are a little less then individual stocks, but the Market Index ETFs add the important factor of 'diversification'.

A book written nicely!Mathew Kratter knows his subject.Hope he continues to write more with new strategies in new market scenario!

I was debating whether to give this ebook 5 stars or 4 stars. I think my perfect rating would be 4.5 stars. I went with 5 stars however for the following reasons.PROSsThis book was short but to the point. I didn't get a lot of mumbo jumbo. It delved right into covered calls. Moreover, this book used real world examples. So, you won't see the author trying to sell stock on XYZ company. Rather, the author picked one company (KO) and stuck with KO for the remainder of the book. I liked that.The links that the author provided were very helpful. Even though I am writing this review in August 2015, I was able to go back and see where the author got his numbers from and was able to arrive at the same numbers.In my opinion, the biggest pro to this book, and one of the reasons why I went with the 5 stars instead of the 4, was that the author provided his exact approach to how he picked stocks (I didn't have to purchase that information separately), and he even suggested a few stocks that, at the time of his writing, qualified based on his criteria. I've tried reading a lot of information about covered call writings and either, in those cases, the books or articles dealt with theoretical numbers or even if they dealt with actual numbers, I haven't found many that talks specifically, step-by-step, how they go about selecting the stocks. This book does. It was simple and again to the point and that's what ultimately make me give this a 5 star rating.CONSAlthough I gave this book 5 stars, it is by no means perfect. I really liked the fact that the author picked Coca Cola (KO) and used that throughout the book. However, I thought the content, though on point, was a bit too concise. It would have been awesome if the author picked another company or two, maybe in a different sector, just for comparison.Also, there is little advice on how best to manage a position once entered and even an exit strategy. For the advice that was there, the author doesn't do the best job of explaining the material in the most simplest of languages and so sometimes, a beginner such as myself have to reread the material.In addition, although the author mentioned one broker, there was no real focus on how to select a broker, etc. In other words, this book was very narrowly focused on the covered call strategy (which is not necessarily a bad thing) and not so much about investing overall, risk management, or any of those other important concepts that one should know before investing.Finally, the bonus chapter about how to do covered calls using a small account I thought was a bit more complex and confusing that the actual content in the book.SUMMARYI think the positives vastly outweigh the negatives. That being said, consider the price of the book. I don't think the author expects you to pick up this book, read it today and start investing in covered calls tomorrow. May he does, I don't know. I think anyone interested in covered call writing should do their due diligence first. I can say this much. I have been interested in covered call writing for a few months and never felt like I had the courage or adequate education to just do it. After reading this book, at least I have a starting point on how to pick stocks. Armed with this information along with all the other reading and/or research I've done, I feel as if I am ready to start trading a small position to learn the process.

I read this book in about 15 minutes. It covers covered calls on a basic level. It might be a good read if you’ve never traded covered calls.If you follow the approach outlined in this book, you will have your shares called away on a regular basis if you have a stock that goes up in value. You’ll make money in the process, but is it the best use of your capital?Not mentioned is the real possibility of a stock being called away early on the day that the stock goes x-dividend. Given that collecting dividends is part of the criteria listed for selecting a stock, this might be good information to share.It would have been helpful to discuss rolling to later expirations, or ways to avoid assignment, or use of Greeks to pick or manage positions, but that is well beyond the scope of this short book.

Fast read and to the point. I have a much better understanding on selling Covered Calls after reading this book. Very much recommended to the novice covered call investor.

My review is based on the following: (1) this is a 36 page book on covered calls, (2) the goal of the book, and (3) the author's comments regarding what books "not" to buy (i.e. books that don't provide the details regarding how to achieve success). For a short book, the author does a good job of providing a general approach to follow. For many, this will provide plenty of value (well over $2.99). This being said, it isn't realistic to provide a solid amount of "details" in only 36 pages. In sum, this is a short intro to covered calls that provides the reader with an easy to follow approach to generating monthly cash flow. Unfortunately, I have not had the opportunity to test the approach yet.

Mr Kratter’s booklet (it is only 37 pages long) gave me clear, actionable steps. I’m confident enough to get started.

Now I feel confident to start writing covered calls and cash secured puts. The information is well presented & the book explains everything to get started.

With reference to where find the information needed. I like Matt's style of writing. It's short, informative, like we engineers love it.Just need to start the process...

Very interesting book. You will learn one more option to increase the profitability of the portfolio. The options may be more secure than stocks, if you do the right way.

A great, straight to the point book on covered calls. I have been using most of this strategy paper trading and so far it has been pretty successful. It is also a pretty safe strategy! Definitely a book to get on it if you want to get your head around options in the simplest terms with one of the most effective strategies!

This book is a good starting point to learn about writing covered calls. The 5 points to consider for selecting stocks to write covered calls are useful.