We are helping our clients take charge of their retirement and maximize their returns as opposed to having mutual fund managers take lions share away leaving them with meager returns and longer years of slogging. This has been made possible by using an options strategy call covered call.

Covered calls are the most popular option strategy used in today's markets. If a trader wants to gain additional income on the same stock, he or she can sell a slightly OTM call every month.To increase protection, covered calls can be combined with buying long-term puts (over 6 months). Calls can then be sold each month with the added protection of the long puts.

Let's create an example using Wal-Mart Stores, Inc. (WMT) by going long 100 shares of WMT @ 71 @ and short 1 January WMT 80 Call @ 4.25. The maximum profit for this trade is the premium received for the short call option plus the profit to be gained o n the long stock. The maximum reward on the option side of this position is $425 (4 ¼ x 100 = $425). The maximum reward on the stock side of this position is $850 [(80 - 71 @) x 100 = $850]. The maximum total profit on this particular covered call strategy is $1,275 (425 + 850 = $1,275). 425$ is guaranteed profit because that money goes into your RRSP account even if WMT falls below 71$ or does not make it to 80$.

By writing covered calls we can generate gains close to 30% year over year - and good thing they are compounding. If you contributed 10,000 $ each year for 12 years to your RRSP,following is the difference this whoppingly high rate of return can make

• Mentoring for early retirement planning
• Help with account opening, choosing broker with low commissions and easy to use interface
• Choosing the right stock where covered calls fetch generous returns
• Executing other strategies such as buying calls, puts or straddles to generate even higher returns.