After our recent episode exposing how a simple covered call options strategy could create some additional income in your Canadian investment portfolio, you might be wondering what it could look like in practice. 

In this episode, we walk through an actual covered call option scenario step by step to show you how selling at-the-money options can pad your bottom line with extra premium while offering some strategies to adjust trades when the stock price moves against you. Whether you’re looking to use covered call options to protect against a market downturn or capture steady returns from shares you already own in your Canadian portfolio, knowing how to navigate each possible outcome is key to feeling confident about every covered call options trade you enter.

By digging into real numbers and real time-stamped events, you’ll discover what happens when your covered call option expires worthless, what it means if your covered call option expires “in the money” and your shares are “called away,” and you’ll learn how rolling an in-the-money covered call option can create even more income from the added extrinsic or time value. This deep dive transforms theory into practice so you can decide if a covered call options strategy is the right fit for your Canadian financial freedom goals.

What you’ll learn:

• Experience a step-by-step breakdown of a live covered call options trade using the Nasdaq 100 ETF, ticker QQQ;
• Understand how and why you’d roll an in-the-money covered call option to keep your shares and earn additional premium; and,
• Gain confidence in handling each outcome—from worthless covered call option expirations to assigned shares—so you can build a more resilient Canadian investment portfolio.

Press play now to discover how a single covered call options trade can reshape your approach to generating extra income from the shares you already own.


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Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.