Global Select (Dividends) Lists

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

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High-Return Covered Calls

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.

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Deep-Strikes Lists

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.

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SuperPut Lists

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

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Naked Put Lists

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.

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Canadian (TSX) Lists

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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