Update On Covered Calls

I just got approved to buy and sell covered calls from TDAmeritrade. Now I just need to save enough money to buy a contract, (one hundred shares) although I'm not positive on whether you can buy less then that, I guess there's only one way to find out...stay tuned.

Learning Covered Calls

I am currently reading all I can find on covered calls. My search began when I heard them discussed in passing during a financial seminar (which by the way was a waste of time, thank goodness I didn't pay for those tickets). My search began last night and to my surprise it seems information on covered calls is very popular, everyone wants you to buy their info as they promise a reliable passive income in the tens of thousands with their information. As I searched deeper I found free information on the Internet which described how covered calls work and what is needed to get started.
I soon wondered if it was possible to trade call options over the Internet using my TD Ameritrade account. At TD Ameritrade, in order to trade options (which what a covered call really is) you need to first apply by use of a form supplied by them.
After reading the remainder of the free material I found, I came to realize that someone could earn as much as 4-6% per month on their investment, which equals a respectable 48-72% a year. Also keep in mind, this investment strategy is so safe, it can often be used for college and retirement savings.
Tonight I will use the form supplied by TD Ameritrade and apply for the permission to trade options.