221: How to Setup & Trade A Synthetic Covered Call Strategy

The Option Alpha Podcast

Kirk Du Plessis

Investing, Trading, Stock Market, Business, Options Trading, Education, Finance

4.8 • 1.2K Ratings

🗓️ 7 July 2022

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Show Notes: https://optionalpha.com/show221

Starting to trade a covered call strategy is a popular "bridge" for traditional stock traders or investors transitioning to the world of options trading. It's a logical, bolt-on options strategy that has numerous benefits over traditional long stock positions. Today's show digs in one extra level and explores the different setups and ways to trade synthetic covered calls with a particular focus on using call spreads vs. single-leg short calls.

Transcript

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0:00.0	Starting to trade a cover call strategy is a popular bridge for traditional stock traders or
0:04.8	investors transitioning to the world of options trading. It's a logical bolt-on option strategy
0:10.8	that has numerous benefits over traditional long stock positions. In today's show, we're going
0:16.0	to dig one extra level deep and explore the different setups and ways to trade synthetic covered
0:22.2	calls, with a particular focus on using call spreads versus single leg short calls.
0:28.4	You're listening to the Option Alpha podcast from Option Alpha dot com, where we show you how to
0:34.6	make smarter trades. Learn how the stock market really works and generate consistent monthly income.
0:41.2	Now your host and head trader at Option Alpha dot com, Kirk DuPlesses.
0:48.1	Hey everyone, this is Kirk here again from Option Alpha dot com working every single week to make
0:52.0	this the most popular investing podcast offered online because it's based on one thing
0:57.5	only and that's helping you guys make smarter trades. So again, thank you so much for tuning in
1:02.7	today and welcome back to today's show. On show number 221, we're going to be diving into
1:08.4	how to set up and trade a synthetic covered call strategy. Now we've explored covered calls in a
1:15.8	really deep free audiobook podcast that we released a number of months, potentially even over a
1:22.0	year ago now in show number 172. So if you want to listen to that one, which is our audiobook
1:27.6	version of the free report and research that we published on trading covered calls and the
1:32.4	research that we did around backtesting different covered call setups, you can get that by heading
1:37.1	over to the podcast and also listening to show 172. They'll give you a really good background of
1:42.4	what covered calls are and how they work. And today's podcast, I want to focus more specifically
1:48.5	on how to set up and trade synthetic covered call strategies. So if you're brand new to trading,
1:54.3	might want to do a little bit of a refresher on covered calls will cover the brief highlights
1:58.3	here together, but then we're going to dive into how you can set up and trade different types of
	...

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