The Dow Jones Industrial Average (DJIA) is an unmanaged price-weighted index. The S&P 100, S&P 500, and the Russell 1000 index (R1KG TR) are all unmanaged capitalization-weighted indexes. Investors cannot directly invest in an index. Any investor who attempts to mimic an index’s performance would incur fees and expenses, which would reduce returns. This website is not intended for the giving of investment advice to any single investor or group of investors.

Covered call option cash flow for any portfolio will vary depending on actual portfolio positions, option premiums received, individual security price volatility, and general stock market volatility. Positions covered by call options may be called away, creating realized capital gains or losses. Cash flow is not guaranteed over any period. More information may be found in CWP’s Form ADV 2A.

Covered call writing can provide limited downside protection. It does not, however, eliminate downside risks. Options involve risk and are not suitable for all investors. Prior to engaging in options transactions, individuals should understand the risks associated with the purchase or sale of options by receiving the Options Clearing Corporation Publication, “Characteristics and Risks of Standardized Option Trading”. Copies of this document may be obtained by your Financial Advisor or the Option Clearing Corporation. Risks of options are available in the “Characteristics and Risks of Standardized Options,” which is available here , calling (888) 678-4667 or by calling CWP at (239) 593-2100.