The only items you must enter are initial prices, dates, symbols, number of contracts, support, and stop limit. Everything else is automatic!
Download my Covered Call Calculator now for
ONLY $49.95
Discreet billing. No hidden charges.
One time Billing. Safe & Secure.
*The calculator is an Excel Document*
Once you purchase through the secure website PayPal, you will be directed to download two files IMMEDIATELY after clicking on the "Return to Merchant" box.
Excel spreadsheet containing covered call calculator. This requires Microsoft Office 2003
or 2007 in order to get the automatic updates
Instruction File - Word 2003, PDF, and HTML documents containing detailed instructions
No PayPal account? No problem, you can pay with a credit card.
Mac Users will have no problems.
If you do not have Excel, there are multiple freeware versions of spreadsheet software, but unfortunately they are not able to pull stock prices. The ones I recommend are gnumeric and The Open Source Project.
Google released web-based spreadsheet software that DOES automatically update the stock data, but unfortunately, not the option data. This will open all Excel Files, but not all functions will work.
Testimonials
"I just wanted to drop you a note to say that I just purchased your spreadsheet and find it to be a valuable tool in tracking covered calls and rollout/rollover options! I've just started trading in the covered call arena and have a lot to learn, but this tool has greatly improved my knowledge of options to limit downside or lock in a gain." John Long
What my covered call calculator provides…
Returns if flat and if called out
Returns at the current prices of the stock and option
Shows a roll-over option for rolling up, down, or out
Downside protection percentage and % ITM and OTM
Warns you when…
The stock is below the breakeven
The stock is below the support
Stock > strike for OTM
Stock < strike for ITM
Overall cost basis, current cost, and gain for that covered call position
Gives you an amount to set an automatic LIMIT CREDIT order to lock in a specified profit percentage if your position moves favorably.
Calculates the percentage each position encompasses in your overall trading account
Guides you on how to set a STOP LOSS
Calculates break even point
Enter support and your STOP limit
Calculates amount drops from support to the STOP and the amount lost if you are STOPPED out (approximation)
Calculates total percentage lost in your trading account if you are STOPPED out. Very useful for position sizing (approximation)
Multiple fundamental analysis figures
Shows how much initial, final, and change percentage in the time value of the option you sold (very useful)
Has a box to enter the industry so you can make sure your covered call strategy is well diversified .
Even includes data on three major indices
Has the option to show all calculations taking into account trading costs. All you have to do is enter in once how your brokerage's fee structure works and the rest is automatic.
Automatically updates the current price of the stock and option
This requires internet connection (obviously), Office 2003, and MSN Money Stock Quotes Add-in (free).
If unable to install add-in (a firewall), the program updates via a web query.
What my covered call calculator DOES NOT provide…
This is not some magical product where you will start making 400% a year like many of these ridiculous websites claim. A well performed covered call strategy will get 3-5% PER MONTH. (Which is still WAY more that the standard 8-12% PER YEAR in the stock market)
This provides RAW returns. It does not take into account margin.
If you Google "covered
call calculator", you get a lot of other calculators, some are even free. This is why mine is better...
They do not update prices automatically
They only provide a small amount of extra data or irrelevant data
They can not store all your various positions
They have the ability to calculate based on margin which they shouldn't (I say this because this manipulates the data and changes the information you need to make decisions). Additionally, most of these assume 100% margin to equity ratios which is silly
The nicer ones are part of a monthly service fee (which I assure you is greater than my price to own the calculator permanently) which usually includes some sort of magical pre-screened covered call selections (pay the $35/month for OptionMonitor)
Mine has the ability to take into account trading costs
Click2Sell sells our
products - they are a trusted online retailer specializing in
digitally delivered products.
About me
