Synopsis
PUT AND CALL OPTION WRITING FOR THE INVESTMENT ADVISOR AND FINANCIAL PLANNER is a timely and profitable tutorial investment program written for investment professionals who have knowledge of stock market investing but are relatively new to put and call option writing. The book simplifies, fully explains and instructs advisors on how to use covered call writing, put option writing and both covered and uncovered option combination writing on common stocks and Exchange Traded Funds (ETFs). Some of the investment approaches detailed (writing covered calls and cash-covered puts) are a more conservative investment strategy than just owning stocks alone. Others are more aggressive, although much attention is devoted in the book to mitigating risk. These option strategies have been available for decades. Until now, however, they have been mostly unknown or misunderstood by many investors and investment advisors.
Why is PUT AND CALL OPTION WRITING FOR THE INVESTMENT ADVISOR AND FINANCIAL PLANNER needed? Many nationally recognized investment experts believe that the U.S. stock market in the future will most certainly produce significantly lower returns than the high returns of the past for many years to come. Some noteworthy examples:
* The long-term prospects for equities in general is far from exciting. - Warren E. Buffett, The Chairmans Letter, Berkshire Hathaway, Inc. Annual Report.
If you own equities, over the next twenty or thirty years you will get a reasonable return. Maybe its 6%, maybe its 7%. People who expect 15% a year are doomed to disappointment. - Interview with Warren Buffett by Maria Bartiromo of CNBC TV.
* Over the next century you should expect your share prices to average 6% a year. Over the next five years, ten years, I think you will be lucky to come out even on share prices. - Sir John Templeton, now deceased pioneer in the mutual fund industry, Business Center, CNBC TV Interview.
The strategies outlined work best in such a market environment. PUT AND CALL OPTION WRITING FOR THE INVESTMENT ADVISOR AND FINANCIAL PLANNER is unique because:
(1) Detailed investment programs are outlined for easy implementation to assist advisors in achieving consistent double-digit returns utilizing option writing on common stocks and ETFs. These investment strategies are most effective in a slow growth or no growth stock market, as is projected for the future by many investment experts.
(2) The entire subject matter is devoted to a focused area of standardized options including covered call writing, put option writing and combination writing on stocks and ETFs an advisor owns or acquires in the future for himself/herself or for clients.
(3) A complete education on the subject is provided and specific programs for implementation of each strategy.
(4) Detailed information is provided on the advantages of ETFs over mutual funds with a list of ETFs, by category, that offer option writing and an analysis of which are the most attractive.
(5) Numerous easy-to-use Microsoft Excel and Word templates are provided with the book to assist in making specific investment decisions regarding which puts and calls to write on stocks and ETFs, to effectively track results, to analyze commission-based vs. fee-based compensation for options on an individual account basis and for other planning purposes.
(6) Extensive marketing materials are provided in the book and on the software for the advisor to use in promoting option writing services to current clients and new prospects.
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About the Author
As a thirty-year career banker and trust officer for Norwest Corporation, now Wells Fargo & Co., one of the nation's largest financial institutions, Paul D. Kadavy was president of numerous banks in three states. He also headed a multi-billion dollar trust department, managed a team of investment professionals, and was a trusted advisor to many of the banks' individual clients. He also subsequently served as president and chief executive officer for another banking enterprise in Las Vegas, Nevada. He is now retired from banking and is a writer, teacher and public speaker.
Kadavy has served on the faculty of the National Graduate Trust School at Northwestern University, The Schools of Banking, Inc., the American Institute of Banking and numerous community colleges in several states. He has been a lecturer on trust, investment and banking subjects to FDIC and Federal Reserve Bank examiners in Washington, D.C. He has been a public speaker for the past twenty-five years.
In addition to authoring Put and Call Option Writing for the Investment Advisor and Financial Planner, Kadavy has also written Boomer's Guidebook to Double-Digit Investment Income, Covered Call Writing Demystified, Put Option Writing Demystified, Covered Call Writing with Exchange Traded Funds (ETFs), Covered Call Writing with Qs and Diamonds, Writing Uncovered Put and Call Combinations, Short Spider Straddles, Personal Cash Flow and Net Worth Planning Demystified and The Book of World-Class Quotations: The Best of the Best Quotations on Earth. All of his books are available on Amazon.com.
In addition to writing books, he is the author of banking, trust and investment articles for such national publications as Financial Review, Trusts & Estates, Pension World, The Collector/Investor, Cases & Comment and American Bankers Association Trust Management.
He has developed and successfully used the principles in his books for over twenty-five years.
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