In the pilot episode of 'Putsmith,' host Andrew Vargas, apharmacist and writer, introduces viewers to covered calls. This educationalshow covers writing options contracts tailored to individual needs. Vargasexplains the basics of covered calls, including essential components such asthe ticker, expiration date, strike price, and limit price. He uses areal-world example featuring Target Corporation to illustrate potential returnsand risks. The episode highlights the importance of due diligence and outlineshow covered calls can serve as a reliable income-generating tool for investors.The next episode will focus on cash-secured puts.

00:00 Welcome to Putsmith: Introduction and Overview

01:09 Understanding Covered Calls

02:17 Key Components of Covered Calls

05:39 Real-World Example: Target Corporation

11:33 Probability of Profit and Risk Management

19:25 Broker Checklist and Final Thoughts

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