The current Overall Market Meter method has been utilized and has registered as "Slightly Bullish" since it was introduced on Dec. 20th, 2009. In the 5 months from 12/20/2009 to the present, the Russell 3000 benchmark has increased by 7.1%.
As shown in the right sidebar, the covered calls investing strategy corresponding to this Slightly Bullish sentiment is to "on-average sell 2% out-of-the-money covered calls for the nearest expiration month." So with the current May2010 options expiration, new positions for Jun2010 expiration will be established in accordance with this guideline.
For a more detailed explanation of each of the Covered Calls Advisor's nine indicators, please refer to this prior blog post on that topic -- link.
Your comments or questions regarding this post are welcomed. Please click on the "comments" link below or email me at the address shown in the upper-right sidebar.
Regards and Godspeed,
Jeff
