Introducing The Covered Call Dashboard
I built a tool that turns your shares into a paycheck. Here is how it works.
I write covered calls on my own portfolio. I know exactly what to look for. And I got tired of watching people either avoid the strategy entirely because it felt too complicated, or jump in blind and pick the wrong strike for the wrong reason.
So I built something different that doesn’t make it feel like gambling.
Access Is Limited to Founding Member Subscriptions.
👉 Upgrade Your Subscription - $0.82 per day to become a better investor.
Meet the Covered Call Database
This is a beginner-friendly covered call dashboard built specifically for income investors. Not traders. Not people glued to a screen all day. People who own shares, want to generate extra cash from those shares, and want to actually understand what they are doing before they place a trade.
It does three things.
1. It finds your best covered call setups.
Type in any ticker you own or are watching. The scanner pulls the live options chain, filters it down to the strikes that actually make sense, and tells you in plain English what you would collect, what the risk is, and which setup is the best balance of income and safety for a beginner.
No jargon. No wall of numbers. You’ll get the clear breakdown of:
here is what you would collect today
here is the chance your shares get called away
here is why this specific strike makes sense.
2. It tracks your positions and builds your trading journal.
Every covered call you log gets saved to your personal account. Premium collected. Strike price. Expiration date. Days remaining. Whether you are safe, at risk, or approaching assignment.
Over time this becomes your track record. Your win rate. Your total premium income collected. Your own data showing you exactly how this strategy is performing in your portfolio.
3. It shows you what I am writing covered calls on.
There is a tab called Cain’s Watchlist. It shows the tickers I am currently active on with a short note on why I like the setup right now.
No strike prices. No expiration dates. No specific trade details. This is not a copy-paste service and I do not want it to be. The whole point is for you to take a ticker I am watching, run it through the scanner yourself, and find a setup that fits your own cost basis and risk tolerance. The goal is for you to eventually not need the watchlist at all because you understand the process.
What It Looks Like In Practice
You open the scanner and type in a ticker. Let’s say AMZN 0.00%↑ .
The tool pulls the live options chain, runs the numbers, and surfaces an Our Pick card at the top. Something like:
Selling 2 contracts at the $267.50 strike expiring May 29 could generate approximately $280.00 in premium income. 67% chance you keep your shares. 33% chance you sell them at $267.50, which is 1.5% above today's price. Based on delta and yield criteria only. Not a recommendation — always do your own research and confirm with your broker.
That is it. That is the whole decision. You can expand any row to see the full math, the assignment probability, your break-even price, and the annualized yield. Every term has a plain-English tooltip so you are never left guessing what something means.
Want to see expiration dates that are further away? That’s also an option.
Who This Is For
If you already own shares and you are not selling covered calls against them, you are leaving money on the table every single month.
A stock like MU 0.00%↑, ASTS 0.00%↑, or NFLX 0.00%↑ with elevated implied volatility is throwing off premiums that most people have no idea exist. That premium is income you could be collecting right now on shares that are just sitting in your account.
This tool is for the investor who has been meaning to learn covered calls but never had a clean enough entry point. It is for the busy person who does not have two hours to decipher an options chain but can spend ten minutes following a clear setup.
But there is another investor this tool was built for.
If you have been holding YieldMax or Roundhill ETFs for the income and you are watching your NAV slowly get eaten alive, you already understand the frustration. You bought in for the yield. The yield is real. But so is the erosion. Every distribution you collect is partially offset by a share price that keeps drifting lower. You are running on a treadmill.
Covered calls are how you get off that treadmill.
Instead of paying a fund manager to sell options on your behalf and take a cut while your principal bleeds, you can own the underlying shares directly and sell the calls yourself. You keep 100% of the premium. There is no fund expense eating into your returns. There is no NAV decay built into the structure. You are doing exactly what MSFO and NVDY are doing, but on your own terms, with your own shares, and with full transparency into every number.
That is exactly what this tool is designed to make possible for someone who has never done it before.
You do not need to be an options expert. The tool assumes you are not. Every number is explained. Every setup comes with the reasoning behind it. And your data is private, saved to your account, building your personal track record trade by trade.
This Is a Founding Member Exclusive
The Covered Call Database is live right now and it is exclusive to Founding Members of this Substack.
If you are already a Founding Member, you have access today. The link is below.
If you are not a Founding Member yet, this is what your subscription gets you. Not just articles.
A full suite of tools built specifically to help you execute the strategies we talk about here.
Cain AI for portfolio analysis.
The Yieldly Dashboard for ETF research.
The High Yield ETF Database.
Now the Covered Call Database for generating income from your existing shares.
The market does not care how busy you are. It does not care that you have a full-time job or a family or forty other things competing for your attention. What it does respond to is having the right tools and knowing how to use them.
This is one of those tools.
👉 Upgrade Your Subscription - $0.82 per day to become a better investor.
Access is exclusive to Founding Members. Not financial advice. Always verify with your broker before placing any trade.
Love the suite of resources, great work!
Looks awesome, Cain.