OptionsBuddy.com is your free source on the web for identifying high yield covered call option plays.

At the close of each market day, our crawler analyzes data for all optionable common stocks traded on the US Exchanges and stores it in our database. As a member of OptionsBuddy.com, you have the ability to create unlimited custom portfolios that enable you to filter stocks and options based upon your own risk criteria.

An open short covered call could be offset by long stock or a long coveredcall.aspx">covered call could be offset by long stock or a long put or a short stock position. This insures that if the owner of the option exercises, the writer of the option will not have a problem fulfilling the [delivery.aspx">write.aspx">writer of the option will not have a problem fulfilling the [delivery requirements.

An strike price) for a certain, fixed period of time (until its strike.aspx">strike price) for a certain, fixed period of time (until its writer of a call option, the contract represents an obligation to sell the underlying security if the option is [assigned.aspx">write.aspx">writer of a call option, the contract represents an obligation to sell the underlying security if the option is [assigned. The buyer pays a fee (called a premium) for this right.

To sell an call) or buy stock (in the case of a put) if the option is assigned. An investor who sells an option that he currently does not own is called the writer, regardless of whether the option is covered or [nakedoption.aspx">uncovered.

A contract that gives the owner (buyer) the right, but not the obligation, to buy or sell a particular asset (the underlying security, i.e. stock or index) at a fixed price (the strike price) for a specific period of time (until it expires). The contract also obligates the writer (seller) to meet the terms of delivery of the asset if the contract right is exercised  by the owner. The amount the buyer pays the seller for the option is called the option premium.