Covered Calls for Fun & Income

May 9, 2009

Trading Plan Update

Filed under: Covered Calls — Tags: , , , , , — Jeff @ 12:38 PM

This is a quick post to let you know I updated my Trading Plan – for those of you interested.

I added a new section called Managing and Exiting Trades, which will be of interest and helps me while monitoring trades or making decisions if the position finished OTM.

I also made some other minor updates, especially in the Entry Methodology section.

The best way to read it is to download it using the link on the right (from – 200905 Trading Plan). Trust me, it’s much easier to read that way.

I am also making another download available for those of you who use Interactive Brokers (open-cc-monitor.xls). It’s an Excel spreadsheet that uses IB’s real-time data to update stock and option prices. With it, you can watch your stock and short Call prices and get instant updates on the current value of your position. The only data you will have to enter is in the columns highlighted yellow. The most important data is in columns K through Q.

I also added columns for you to calculate two additional scenarios for rolling out and/or up.

In order to use it, you will need to download and install the Excel plug in from Cyberxpert using this link. Just follow the installation directions. The spreadsheet is already set up.

– Jeff



  1. I don’t see a link on the left from

    Comment by Bill Minnery — May 10, 2009 @ 8:24 AM

    • The link is within the Box box at the lower left – the gray/black box.


      Comment by Jeff — May 10, 2009 @ 10:22 AM

    • I guess my explanation was confusing = and I don’t know my right from my left. For a Word copy of my Trading Plan, just click on ‘200905 Trading Plan’ in the black & gray box on the lower right.

      Comment by Jeff — May 14, 2009 @ 6:29 AM

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