Respond When the Stock Moves
A Covered Call combines long stock with a short call to generate income. This course explains how to protect the position and preserve flexibility when the stock rises or falls beyond the expected range.
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Roll, Protect, or Convert the Trade
Learn how to roll a Covered Call up or down, add protective puts and convert the position into a Diagonal Spread, Strangle or Iron Condor when the risk profile changes.
- Understand the Covered Call profit zone.
- Roll the short call to a new strike.
- Add downside protection with puts.
- Convert the position into another option structure.
Connect the Trade to Portfolio Risk
The final video lessons cover position sizing, capital reserves, market expectations, beta-weighting and diversification so the adjustment fits the wider portfolio.
- Control trade size and reserve capital.
- Evaluate the market's next possible move.
- Balance portfolio delta with beta-weighting.
- Build a more diversified options portfolio.
