Combining Indicators to Identify Potential Support Ranges | Trading Covered Calls & Short Puts

Trading Covered Calls & Short Puts | Michael Fairbourn | 5-13-24
Characteristics and Risks of Standardized Options. bit.ly/2v9tH6D
Within this presentation, we initially looked at the trend and possible support and resistance levels of the S&P 500 Index. We then looked at how some traders may use historical horizontal support, combined with the volume profile indicator, to potentially provide additional support indications on the chart. Next, we discussed option greeks, like delta and theta. We then placed a few short put trade examples on the thinkorswim paperMoney platform.
Looking for income, but frustrated by low dividend offerings? Your education coach will discuss how and when stock investors might employ covered calls in their income portfolio. Expect a balanced education on the returns and risks of this popular strategy, and on the tools that can potentially help you implement it.
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Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled "Characteristics and Risks of Standardized Options" before considering any option transaction.
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[@ivessels]

Great use case with volume profile.

[@tradertalkswebcasts]

Thank you! ^Barb