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Unclaimed ProfileUnlock the power of conservative options trading with this comprehensive guide designed specifically for beginners and retail investors. Led by financial educator Patricia Saylor, this course demystifies the process of selling covered calls—a highly effective, low-risk strategy used to generate consistent monthly income from your existing stock portfolio. If you want to boost your overall returns, lower your cost basis, or simply sell your stocks at a more favorable price, mastering the covered call is an essential skill. You will learn the foundational mechanics of options contracts, how to read complex option chains with ease, and the critical importance of the 100-share multiplier. Patricia guides you step-by-step through selecting optimal strike prices and realistic expiration dates aligned with your financial goals. By the end of this course, you will confidently navigate short and long positions, understand option 'moneyness', and execute your first covered call trade with precision while safely managing risks. Perfect for long-term investors seeking practical, real-world stock market strategies without the high volatility of day trading.
About the creator
Patricia Saylor
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Patricia Saylor is a dedicated financial educator and author who specializes in simplifying the complex world of stock market investing and options trading for the everyday individual. With a career focused on demystifying wealth-building strategies, Patricia has cultivated a teaching philosophy rooted in clarity, risk management, and practical application. She recognizes that the financial landscape can be intimidating for newcomers, and she bridges this gap by breaking down sophisticated concepts like ETFs, mutual funds, and covered calls into actionable, step-by-step lessons. Her instructional style is methodical, emphasizing the importance of understanding the 'why' behind every trade rather than just the…Show more
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Program Overview
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Price
Price may change · updated within 1–2 weeks
Course language
Learning format
Subcategory
Price
Price may change · updated within 1–2 weeks
Course language
What You'll Learn
- Review Introduction to Options Trading: calls vs puts, time decay, safe trading with collateral
- Use call options to get more money from stock you sell.
- Read an options chain.
- Understand the 100 multiplier.
- Select a strike price and expiration date that meet your goals for the trade.
- Select a strike price that ensures a profit if your call contract is assigned.
- Enter an order to sell a covered call.
- Understand the difference between short and long positions.
- Understand the "moneyness" of your short call.
- Know what to expect when your short call expires.
Best For
- Long-term stock investors looking to generate supplemental monthly income
- Retail traders who want to lower their overall cost basis on existing positions
- Beginners seeking a low-risk, conservative entry point into options trading
- Investors interested in disciplined strategies to sell stocks at predetermined price targets
Not For
- Day traders looking for high-leverage or speculative options strategies
- Investors seeking to get rich quickly through aggressive short-term trading
- Individuals who do not currently own at least 100 shares of underlying stock
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