This educational video discusses the benefits of covered calls and why we leg into them when our positions have lost momentum but are still bullish on longer time frames.

It discusses the reasons of why the Master Trader ETF Investor Letter converted our long ETF positions into Covered Calls during the start of the market selloff to increase probability of profit and lower cost basis.  Although we trail stopped out of many this week with nice gains, the strategy — and uncanny timing — enhanced our returns as an “adjustment strategy.”

It also shows you the staggering additional yield generated using this high-probability strategy.




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Happy trading!  If you have any questions or comments, please e-mail Greg Capra at or Dan Gibby at


All the best,


Dan Gibby
Chief Options Strategist


Greg Capra
Managing Director of Master Trader
Trading the Pristine Method — Origin and End



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