Writing Uncovered Put and Call

For the option investor, the simultaneous writing of a put and a call option on the same security can provide a two-fold steady stream of cash income utilizing the same margin requirement if structured properly. It can also provide a chance to purchase desired shares of stock at a lower than current market price, if that is the objective of the investor. This book will give you the theoretical and practical tools necessary to develop and implement this investment discipline. Software templates using Excel are also provided for selecting option alternatives and calculating returns on investment. There is also a file containing a wealth of data on all of the exploding number of current U.S. ETFs, including information about which offer put and call options for writing.

For investors who have time to watch the market, who have the comfort that comes from knowledge and experience with other option writing strategies, and fully understand and are prepared to take additional investment risk, writing uncovered put and call option combinations offers the opportunity for very high returns at a time when the overall long-term outlook for investment returns, both equity and fixed income, seems to be below their historical averages.

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 Writing Uncovered Put and Call Combinations, Kadavy has also written Covered Call Writing Demystified, Covered Call Writing with Exchange Traded Funds (ETFs), Covered Call Writing with Qs and Diamonds, Put Option Writing Demystified, Short Spider Straddles, Put and Call Option Writing for the Investment Advisor and Financial Planner, 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.