Looking for a way to generate income or increase your returns? You might consider writing covered calls. Ed Modla from the OCC along with Fidelity’s Andrew Rakowski will cover the basics including why people write covered calls, risks and how to choose a strike price and expiration that fits your needs.
You have written a covered call – now what? Monitoring your trades is an important part of the trading process. The stock may go up, or down, or not move at all. The OCC and Fidelity will talk about different scenarios and potential actions you may consider as well as the myths and misconceptions around covered calls to help you feel more confident in your trades.
What do you want to know about covered call writing? For the last session of the day we will have a moderated panel where we will discuss the most common question and challenges related to writing covered calls. We will also answer audience questions live during the webinar. Don’t miss your opportunity to have your questions answered.
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Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.
OCC and Fidelity Investments are independent entities and are not legally affiliated.
There are additional costs associated with option strategies that call for multiple purchases and sales of options, such as spreads, straddles, and collars, as compared with a single option trade.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
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988625.1.1
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Dan Nathan is a regular panelist on CNBC's Fast Money, and the founder and principal of Risk Reversal Advisors, which offers consulting services to investment banks and investment advisors. He is also the founder and editor of RiskReversal.com.
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Dan's career spans 20+ years and includes work as a proprietary equity and options trader at hedge funds and within the equity derivatives group of Merrill Lynch. Dan is a graduate of the University of Pennsylvania. Originally from Syracuse, New York, he now lives in New York City with his wife and two daughters.
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Edward J. Modla is the Principal, Investor Educator for the Options Clearing Corporation (OCC). In this role, he oversees retail education programs which promote the responsible use of listed equity options. He represents the OCC by creating and presenting educational events in both online and in-person formats, serving as a guest speaker on panels, hosting a monthly podcast with industry personnel, and working with the media.
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Andrew Rakowski is a Regional Brokerage Consultant across southern New England for Fidelity Investments, which he joined in 2007. His primary responsibility is to educate and support self-directed clients about tools and services that are provided by Fidelity Investments.
Additionally, Mr. Rakowski conducts local seminars on educational topics, including fundamental and technical trading, research and options, market mechanics, and trading software.
Prior to joining Fidelity, he was a member of the American Stock Exchange, Philadelphia Stock Exchange, and New York Board of Trade. Mr. Rakowski has experience with equity and ETF option trading, statistical arbitrage, and commodity futures/option trading.
He holds a Series 7 and 63 registrations and graduated from Gettysburg College with a degree in management and economics.
