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News Letter Reviews Review The Schaeffer’s Covered Call Plus
News Letter Reviews Review The Schaeffer’s Covered Call Plus 
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| Review The Schaeffer’s Covered Call Plus |
| Tuesday, 15 July 2008 | ||||||
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This strategy is far less risky than "naked" calls, when you don’t own the shares of stock at the same time you sell the calls. Let me explain... Let’s say you own 1,000 shares of AK Steel and you paid $53.62 for them back in February. By using call options, you can sell someone the right to buy your AK Steel shares from you at $60 per share in April. For selling the call option, you would receive $1.90 per share. This brings your cost of owning those AK Steel shares down to $51.72. (The $53.62 you paid, less the $1.90 profit you made from selling the call option). Now let’s say AK Steel DOES NOT cross $60 when the options you sold expire in April. This means you get to keep the $1.90 you earned and your shares too. This is how you can generate income on quality stocks in your portfolio that are depressed in the current market environment. But that’s not all... If AK Steel DOES cross $60 you get to keep both the $6.38 profit per share ($60 less the $53.62 you paid for the shares) plus the additional $1.90 profit per share you made from selling the option. That brings your total profit to $8.28 per share or 15.44%. So by selling a covered call against the shares you increased your profits from 11.9% on the stock alone to 15.44% for the stock plus the option! That’s exactly what subscribers to my Covered Call Plus service did in April! COVERED CALLS PROTECT YOU ON THE DOWNSIDE TOO And even if your stock declines in price, you’ve got downside protection from the income your calls generated. If the AK Steel shares had fallen during the recent market correction instead of rising, subscribers would have been protected by the extra $1.90 they earned on the call options. Meaning the stock would have had to drop by more than 3.5% before subscribers lost any money! Now don’t worry if you’ve never traded options before, when you join Schaeffer’s Covered Call Plus, we’ll tell you step-by-step exactly what to do. We’ll send you instructions on both how to buy the stock and at what price, as well as what option to sell to generate the premium income. We’ll look for stocks that you wouldn’t mind holding. Perhaps even stocks that generate dividends to make the waiting sweeter. SUBSCRIBE NOW AT OUR LOWEST PRICE EVER Regularly $295 for one year, you can subscribe now for only $39. That’s 87% off 12 months of buy-write trades! PLUS GET THREE ADDITIONAL MONTHS FREE – That’s 15 months for an average of less than $3 per month! SAVE 87% if you order before TUESDAY at Midnight, plus you get the FREE Covered Calls chapter from my Mastering Advanced Options Strategies home study program. All this for only $39 – it doesn’t get any better than that. Profit from our experience! Join Covered Call Plus today.
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