Covered Calls and LEAPS -- A Wealth Option: A Guide for Generating Extraordinary Monthly Income - Hardcover

Hooper, Joseph R.

Hardcover

ISBN 10: 0470044705 ISBN 13: 9780470044704

Publisher: WILEY, 2006

Synopsis

In this one-of-a-kind "how-to" guide, Joseph Hooper and Aaron Zalewski provide step-by-step instructions for generating large monthly cash returns from almost any stock investment—while at the same time decreasing the risk of stock ownership. Filled with in-depth insights and proven techniques, this book is the definitive, rule-based guide to covered calls and calendar LEAPS spreads.

About this title

About the Author

Joseph Hooper has been a property developer, stockbroker, and bank owner. He is the founder of Compound Stock Earnings and is now a financial educator, radio talk show host, and one of the world's foremost experts on covered calls. In the early 1980s, Hooper formed a bank holding company, purchased banks, directed their operations, and then sold them in the early 1990s. Later, he joined Merrill Lynch as a private client advisor, using his covered calls technique for client accounts.

Aaron Zalewski has a background in the finance industry, where he worked as an analyst within the investment banking industry. Zalewski left that profession to pursue a career as a full-time investor and is now Director at Compound Stock Earnings. He also cohosts Compound Stock Earnings' weekly financial talk-back radio program, Unconventional Wi$dom—The CSE Investment Show.

From the Back Cover

Includes a companion DVD in which traders discuss how they've successfully utilized covered calls and LEAPS in today's markets

"A brilliant book!"
—From the Foreword by Robert Kiyosaki, author of Rich Dad, Poor Dad

In this one-of-a-kind "how-to" guide, Joseph Hooper and Aaron Zalewski provide step-by-step instructions for generating large monthly cash returns from almost any stock investment—while at the same time decreasing the risk of stock ownership.

Debunking conventional wisdom on every page, the authors turn traditional stock investment philosophy on its head—no more reliance on rising markets to grow a portfolio, no more stock picking, and no more "stop losses." In their revolutionary philosophy of "growth through cash flow," Hooper and Zalewski demonstrate how writing covered calls against stocks provides consistent monthly cash income—regardless of market direction. Cash flow that can provide income in retirement, or alternatively, can be reinvested on a monthly basis to dramatically compound the growth of a stock portfolio.

Covered Calls and LEAPS—A Wealth Option is the definitive, dedicated, rule-based guide to writing covered calls and calendar LEAPS spreads. It is the most complete writing ever compiled on the subject.

From the Inside Flap

In this one-of-a-kind "how-to" guide, Joseph Hooper and Aaron Zalewski provide step-by-step instructions for generating large monthly cash returns from almost any stock investment—while at the same time decreasing the risk of stock ownership.

Debunking conventional wisdom on every page, the authors turn traditional stock investment philosophy on its head—no more reliance on rising markets to grow a portfolio, no more stock picking, and no more "stop losses." In their revolutionary philosophy of "growth through cash flow," Hooper and Zalewski demonstrate how writing covered calls against stocks provides consistent monthly cash income—regardless of market direction. Cash flow that can provide income in retirement or, alternatively, can be reinvested on a monthly basis to dramatically compound the growth of a stock portfolio.

Hooper and Zalewski also show how the romantic-ism of high-risk/high-return options trading leads the vast majority of speculators "to the slaughter." Most importantly, they reveal how the option seller can consistently profit from these losses.

In this detailed compilation of rules and techniques, developed over twenty-five years in the markets, the authors liken their safe, conservative, and time-proven covered call techniques as learning to become the "house in Vegas."

What's more, the authors pick up where other guides end: focusing on what to do when things do not go as anticipated and how to continuously generate monthly income from a stock position regardless of market direction. The authors explain how to manage stocks with covered calls to produce consistent monthly cash returns regardless of whether the stock or market is going up, down, or sideways.

Finally, Hooper and Zalewski examine how you can use calendar LEAPS spreads to dramatically increase the performance of covered calls. When used by experienced investors, this more advanced technique can provide returns nearly double that of the traditional covered calls with little increased risk. Again, the authors show how to manage these positions for consistent monthly income regardless of market direction.

Covered Calls and LEAPS—A Wealth Option is the definitive, dedicated, rule-based guide to covered calls and calendar LEAPS spreads. It is filled with in-depth insight and expert advice, and is the most complete writing ever compiled on the subject.

Edition details

• Publisher: WILEY
• Publication date: 2006
• Language: English
• ISBN 10: 0470044705
• ISBN 13: 9780470044704
• Binding: Hardcover
• Edition number: 1
• Number of pages: 229