Covered Calls and Short Puts are powerful income generating strategies that are suitable for investors of all experience levels.
These simple, yet effective strategies allow investors to purchase stock at a discount from the current market price and maximize capital appreciation by selling the stock after a sharp market rally – all while generating additional income!
OptionsPlay, in partnership with Firstrade, is providing Firstrade clients with these Optimal Covered Call and Short Put Reports at no extra cost. The reports follow the best practices for Covered Calls and Short Puts and scan through hundreds of optionable symbols multiple times a day to give investors optimal income opportunities.
The autofill trade button is a new feature that will save investors valuable time, allowing investors to seamlessly open a trade on the Firstrade platform directly from the report. Users can simply click on the button to place a trade, and a trade ticket will instantly open and populate the exact details of that trade setup for quicker analysis and execution. By eliminating the inefficiencies of manual input, investors can make quicker trading decisions and, by using the integrated OptionsPlay platform, immediately analyze important metrics such as probability of profit, Greeks, breakeven, and maximum risk and reward. Additionally, investors can adjust and analyze the trade based on their directional view on the underlying stock and expiration date.
To use the reports, clients can simply login to their Firstrade account on their desktop and go to Research & Tools > Options to get started. This feature is currently available on the desktop platform and will be on the app very soon.
To learn more about these reports and how you can utilize them to generate income and build confidence in your options trading, watch this video.
Clicking on the trade button will populate a trade ticket with details of your chosen trade setup.
Firstrade offers the best deal for options traders with $0 commission trades, $0 options contract fees and no deposit minimums, maintenance or inactivity fees. Firstrade was named a Top Pick for Options Traders by Kiplinger’s in 2020. To learn more about Firstrade’s options offer, click here.
Options trading involves risk and is not suitable for all investors. Options trading privileges are subject to Firstrade review and approval. Please review the Characteristics and Risks of Standardized Options brochure and the Supplement before you begin trading options.