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A
List of the
Real Time Lists™ |
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Lists
may be keyed to fundamentals, technical analysis results,
volatility or a combination, as noted below. Our proprietary
Profit
Engine™ software evaluates and
presents trade candidate returns in order of flat (uncalled)
return. The information on the lists is presented as
of the time the list was generated, which always involves
a time lag. We cannot and do not guarantee data on our
lists.
Always
do
all necessary research (which can be
done from CallWriter's Research Page) before buying
a stock and writing calls on it.
CW
Global Select (Dividends):
We
should call them "hand carved." Trade candidates
on these lists have been manually selected
by CallWriter with the assistance of data scans and
other evaluation techniques.
These lists are composed
of stocks from all around the world that consistently
have been growing
EPS
(earnings per share) over the years and are expected
to continue doing so, are
attractively priced compared
to earnings, and which pay a cash
dividend. They are mid-cap
or larger.
Our
Global Select (Dividends) lists come in all our basic
flavors:
- Covered
Calls:Near-the-Money
(NTM)
- Covered
Calls:
In-the-Money
(ITM)
- Covered
Calls:
Out-of-the-Money
(OTM)
- SuperPut:
Protected
Covered Calls
- Naked
Puts
These
trade candidates are divided into many categories for
your convenience and are presented on each list in descending
order of flat (uncalled return). These stocks are generated
by our proprietary Profit Engine™ software and
there is no direct human involvement in their generation.
S&P
100:
Stocks on this
list are components of the S&P
100 Index (OEX).
S&P
500:
Stocks
on this list are components of the
S&P 500 Index
(SPX).
Nasdaq
100:
Stocks
on this list are components of the
Nasdaq 100 Index (NDX).
All-Markets:
These
stocks are divided up onto four different lists solely
by current stock price:
•
Over
$40
•
$20
to $40
•
$10
to $20
•
Under
$10
High
Volatility Stocks:
These
lists present stocks in industries that are experiencing
extremely high historical or implied volatility. An
example would be Financial stocks in the Spring of 2009.
We do this because highly volatile stocks or stocks
whose options exhibit extremely high implied volatility
are often less conservative than those whose options
feature implied volatility more in line with historical
volatility. Another important point is that such high-volatility
plays tend to take over our mainstream lists if not
relegated to their own list, where they can "fight
it out" for list position. There are always excellent
plays on this list, but they tend to be news-driven
and especially susceptible to sector rotation (sector
sell-off).
Pharmaceuticals:
These
lists present only stocks in the biotechnology and drug
industries, including biotechnology, drug delivery,
diagnostic substances, drugs and major drugs. They are
regulated by the US Food and Drug Administration. These
industry groups merit their own list because trade candidates
may have important news pending which could massively
affect the stock price - primarily the results of clinical
trials and other studies of safety and effectiveness,
and developments in pending litigation. Negative announcements
can cause a stock to rise rapidly, or plummet - and
in the latter event, trading will be briefly halted.
We do not recommend writing a pharmaceutical candidate
without checking for such developments.
Exchange-Traded
Funds (ETFs):
These
exchange-listed investment vehicles are trust interests
that trade like stocks. They are often known as "tracking
stocks" because they typically track
market or sector indices or segments. We divide them
into "Ultra"
(2x to 3x returns) and Non-Ultra
lists. ETFs are widely believed to be less volatile
than individual stocks. While this is sometimes true,
writing ETFs cannot be said to be "safer"
or more conservative than writing stocks.
Examples
include the Powershares
QQQ Trust Series 1 (QQQQ),
which tracks the Nasdaq 100 Index, and the SPDR
Trust Series 1 (SPY), the largest
ETF of all in terms of net assets, which tracks the
S&P 500 Index. Such giant ETFs usually mirror the
underlying index. Common ETF names include Powershares,
Proshares, Holdrs, iShares, SPDR (Spyder), Direxion
and Select
Sector SPDR.
Low-Volume:
These
are low-liquidity stocks which
have either:
1)
average daily share volume less than 500,000, or
2) an open interest in the call options
that is 500 contracts or less.
Or
both. Failing to meet either measure indicates very
low liquidity in the stock or call options. Some stocks
are guilty of both. While some of these can be great
trades, the low liquidity tends to make them riskier
than more seasoned issues with more market sponsorship.
Thus, the roster of market makers and of bids and offers
may be much thinner than for larger issues. They tend
to be less-seasoned companies and often are fairly volatile.
The Low Volume lists are recommended for experienced
writers who are capable of making
a canny assessment of risk.
These
trade candidates are divided into many categories for
your convenience and are presented solely in descending
order of flat (uncalled return). These stocks are generated
by our proprietary Profit Engine™ software and
there is no direct human involvement in their generation.
In-the-Money
Covered Calls:
Call
strikes featured are at least
10% in the money
(lower than current stock price). These are preferred
by investors looking for high ITM time value premium.
Common uses include 1)
conservative writing, since the
ITM-strike call gives more assurance of being assigned,
and 2)
portfolio writing, in which ITM
calls are purposely written on declining stocks, then
either rolling the calls down with the stock price,
or closing the calls at a profit as it declines, a way
of pulling income out of a portfolio holding .
Out-of-the-Money
Covered Calls:
Call
strikes featured are at least 10%
out of the money (higher
than current stock price).Common
uses include
1) bullish
writing of OTM calls, 2)
bearish writing of naked
calls, and
3) the
writing of bear
call spreads by
writing an OTM call and purchasing a further OTM call
to create a bearish credit spread.

Also
known as Protected
Covered Calls and Calendar
Collars, our proprietary SuperPut lists
are true CallWriter firsts. Certainly, our SuperPut
lists are found nowhere else in the world.
Our
SuperPut consists of a covered call plus the purchase
of a longer-term (6 to 8 expiration months out
in time) protective
put option that is extremely cheap in
relation to the call premium, often 1.5x to 2.5x times
the call premium. The long put option provides a price
guarantee for the stock at low cost.
This position structure limits
loss to a few percent of the amount
in the trade (including margin risk). That's why we
call it a SuperPut.
OTM
SuperPuts:
The
protective puts on these lists will be slightly out
of the money (OTM),
meaning the strike prices are lower
than the
current stock price. The risk from either an upside
or downside move in the stock will never exceed 10%
of the amount at risk.
The
protective puts on these lists will be slightly in
the money (ITM), meaning the strike
prices are higher
than the current stock price. The
risk from either an upside or downside move in the stock
will never exceed 10%
of the amount at risk.
These
lists come in All-Markets,
S&P 500
and Global Select
(Dividend) variations.
ITM
SuperPuts:
Essentially
a sophisticated calendar collar, the SuperPut combines
a covered call with the purchase of a protective put
to insure the downside of the position, which guarantees
the call writer a fixed price for the stock and limits
loss to a few percent of the trade.
The
puts featured on these lists are either in
the money (strike price is higher than
the current stock price) or out
of the money (strike is lower than the
current stock price). Clicking on the put
symbol on the list will pop open a call
and put chain that will allow you to evaluate other
put strikes and expiration months.
The
SuperPut lists also are presented in the following variations:
•
ETFs
•
Global
Select (Dividends)
•
High
Volatility
The
naked put, an alternative to the covered call, is simply
the sale of a put in order to generate income. It also
is used to purchase stock at a discount, since the purchase
price of the stock - if assigned - is the stock cost
less
the put premium received.
Our proprietary Naked Put lists are CallWriter firsts.
We offer near-the-money (NTM) and out-of-the-money (OTM)
lists, including S&P 500 versions of both.
Clicking
on the put
symbol on the list will pop open a call
and put chain that will allow you to evaluate other
put strikes and expiration months.
NTM
Naked Puts:
The
puts featured on these lists are near
the money,
meaning that their strike prices are the
same as or slightly higher or lower than the stock price.These
are ideal for writing naked puts where either 1)
we desire assignment in order to purchase the stock
at a discount (put strike less the put premium received),
and 2)
where we are extremely bullish for the period up to
put expiration and wish to maximize put premium.
OTM
Naked Puts:
The
puts featured on these lists are at least 5%
out of the money,
meaning that their strike prices are at least 5% lower
than the current stock price. These are
ideal for 1)
writing naked puts
and 2)
writing bull put
spreads by selling the OTM put
and buying a further OTM put.
Indices:
These
lists contain only companies that are respectively listed
on either the S&P
100, S&P 500
or Nasdaq 100
indices and . There will be some overlap among the lists.The
puts featured on the indices lists will generally be
near the money.
Select:
We also offer a Naked Put list of stocks from our Global
Select (Dividends) group.
These
lists have been temporarily
suspended due to losing our Montreal
options data feed.
Yet
another stunning CallWriter first - lists of
TSX-listed stocks and MX-listed call options, quoted
in Canadian exchange prices in Canadian dollars.
These
lists are for our Canadian members who would like to
write covered calls, naked puts and SuperPuts in C$
using Canadian-listed
(not US-listed) stocks. These lists display
Toronto Stock Exchange
(TSX) stock symbols, and Montreal
Stock Exchange (MX)
call option symbols.We present five expiration months
of our two basic TSX lists: Over
C$35 and C$35
and Under.
Prices,
volumes, open interest and other data provided reflect
transactions on the TSX and MX. All money amounts
are shown in Canadian dollars (C$).
Note
that many of these stocks appear on our lists of US-listed
stocks, but often will have different symbols. For example,
Research in Motion trades under symbol RIMM in the US
and symbol RIM on the TSX.
| Disclaimer:
The trade
candidates appearing on the Real Time Lists™
are presented by the flat (uncalled) return from
writing the call or put. They are not recommendations
or trade picks and should not be viewed as such,
not even the CW Select lists.
Because all investing activities involve some
risk, please do all necessary research into the
stock and its industry before writing any covered
call, naked put or SuperPut. Data is obtained
from sources we consider reliable but no one will
guarantee the accuracy of the information provided
to us, thus we cannot guarantee the accuracy of
the information we present to you. You
should never put on the position
without first evaluating the stock and any other
information you consider relevant. We will not
be liable for any losses you may incur. |
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