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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: jebj who wrote (9328)1/3/1999 7:52:00 PM
From: Douglas Webb  Read Replies (2) of 14162
 
About my site being complicated...

In a way, that's intentional. At least, it's a side-effect of something intentional.

There are lots of places on the net to get charts, quotes, and the other bits of information you can get from my site. SI itself is a gold mine for tutorials and explainations, for example.

I wanted to create a site that would give all the information that option traders tend to need all the time in one place. For example, you could go to one site to get option quotes, another to get a stock quote, use a calculator to figure out the time value for each option, and plug several numbers into an excel spreadsheet to figure out things like implied volatility, delta, gamma, theta, etc. Then you could use another spreadsheet to figure out covered call calculations. I was doing all of that for a while, then I realized that there had to be a better way, and that a better way wasn't available online. So, I developed my option page, which will give you all of that information, and all you need to enter is the stock symbol.

It's not intended to be easy to use for newbies. It's intended to be easy to use for experts. In the beginning, I included descriptions of everything, but others can do that much better than I can, and experts don't need it, so I stopped doing it.

Doug.
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