Income investors rejoice, there’s finally a way we can boost returns on a weekly basis.

Over the past year, I’ve been teaching investors how to collect safe and steady income using covered calls every month or two.

My covered call options strategy is simple.

You buy shares of a specific stock and then sell a call option on that same stock. By doing so, you agree to sell your stock at a future date and price to another investor.

In exchange for giving the buyer the right to purchase the shares at a future date and price, you earn premium or income in the form of a one-time upfront payment. It’s yours to keep no matter what happens to the stock.

For example, let’s say you recently decided to buy 100 shares of Microsoft (Nasdaq: MSFT).

You’re in the process of building an income portfolio of blue-chip, dividend paying stocks and thought the tech bellwether would be a great addition.  But you also intend to create additional income on your basket of low-volatility, blue-chip stocks by selling covered calls and Microsoft is the perfect candidate.

Let’s assume you paid today’s price of $39, or $3900 for 100 shares of the stock. At today’s share price you can generate $75 every two months selling MSFT calls roughly 5%, or two strikes out-of-the-money. That’s roughly $450 annually for a return of 11.5%.

It’s an incredible way to make more income on the stocks you currently own, as long as you don’t feel bad if that stock goes to $50, $60 or $80 and someone calls it away from you at $41.

That is why it’s best to use a covered call options strategy on blue-chip, dividend-paying stocks like Microsoft (Nasdaq:MSFT), Intel (Nasdaq: INTC),  AT&T (NYSE:T) or General Electric (NYSE: GE). These types of stocks are not volatile. The chance of them advancing 20% in two months is slim to none.

But now there’s a more lucrative way to produce income on blue-chip stocks without taking on additional risk.

Remember when I said that there was finally a way to generate income on a weekly basis?

Due to a burgeoning new product known as weekly options or “The Weeklys”. you no longer have to wait two months for calls to expire.  Weekly options allow you to free up capital more frequently and bring in higher levels of income on a steadier basis.

Let’s compare.

At today’s prices you could make $30 using weekly options every 10 days, as opposed to $75 every two months. Of course, the strategy requires more attention, but if you could significantly boost returns using weekly options why wouldn’t you at least give it a try?

The difference is stark. You’re giving up roughly 2% every 60 days not using weekly options. Of course, there are other factors that come into play like volatility, etc. I’ll be discussing all of the “factors” plus my approach to trading “Weeklys” on covered calls and other income strategies in my upcoming free webinar this Thursday. Click here to learn more .

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