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To my mother, Lois, whom I will always remember for her compassion and generosity, who asked for so little while accomplishing so much; and to my father, Charles, for his kindness and positive attitude. To Anna Ridolfo, a close friend and loyal New Yorker, who devoted her life to helping others.
Contents Preface PART ONE WHAT YOU NEED TO KNOW FIRST 1Welcome to the Options Market 2How to Open an Options Account 3The Fascinating Characteristics of Options PART TWO SELLING COVERED CALLS 4The Joy of Selling (Writing) Covered Calls 5How to Choose the Right Covered Call 6Step-by-Step: Selling Covered Calls 7Managing Your Covered Call Position 8Assignment: Your Obligation to Sell PART THREE HOW TO BUY CALLS 9Int