COVERED OPTIONS - STOCKS, CONVERTIBLE BONDS.

MSDOS (will run in an MSDOS window [click here for MSDOS NOTES] under Windows).

COVERED OPTIONS is designed for managers and conservative investors with portfolios which include common stocks and convertible bonds. It introduces techniques which will:

O Provide increased protection for holdings.

O Significantly increase portfolio yield.

Although the emphasis is on options "covered" by owned securities, COVERED OPTIONS does not exclude use of uncovered or long positions. It lets you evaluate the options on a stock so you can select the highest valued for sale, or cheapest valued for purchase.

Options provide an additional gain to stock appreciation and dividends. The annualized option gain is computed to show how effective a position is. COVERED OPTIONS gives both graphic and tabular representations of what will happen to the gain as the stock price changes, for any future date. The probability that the stock will remain within a profitable range is also computed.

Also provided is a printed report of the gains or losses in the stock (bond) and the options, and the present annualized option yield. You may also eliminate and add more options to the position and examine the result. If the result is not satisfactory, the changes can be cancelled. The printed report gives the history of all that has happened to your holding since you wrote the first option on the stock.

Includes a manual which graphically describes positions, etc.

Price: $99.95