I planted a money tree back in early December. The first harvest (in December) brought in about $850 in cash. The tree bore another fruitful harvest of about $750 in February. My money tree (SMH) spiked up close to 2% and if the trend continues I’ll likely get called at $35 in mid March during options expiry. If SMH stays above $35, then I’ll earn an additional $750 on March 16th. This would bring total cash flows from December thru March to $2,350.

The rate of return is roughly 6.8% in 4 months. Not too shabby. To learn more about this strategy, click on over to http://www.etfcoveredcalls.com for insight.