Covered Call also known as “Buy Write” and “Share Renting” is getting more popular each day as more people know its true potential. This strategy is almost non-directional – means it doesn’t matter where the market goes (up or down or sideways) you still get the money , upfront.
It’s legal stock-market-related trade for public (means everybody can do it ). If you have stock / share investment, you should have this monthly income already, if you have not – then this article is for you.

Simply put, Profit/Loss Chart (PLC) is the easiest and quickest way to understand your strategy to make profit. It can be used in any kind of trading, but it’s commonly use to illustrate option trading strategy (which can be complex, but then become easier after seeing the PLC). Just with simple glance, you can see from PLC: your break even point, where is your maximum profit, when you start losing money, when you start making money. Or in other word, what need to happen with the price for you to make profit.