Readers of this blog are familiar with the “covered call” strategy but most practitioners (like myself) have only applied this strategy in its basic form. Hence, I was quite intrigued when I came across Bellmont Securities, a Portfolio Management company that implements covered calls a little differently using Index Options. David Montuoro, one of their directors has kindly agreed to contribute an article to educate us about this alternative approach which offers some surprising advantages….

(To enlarge, click on the “full screen” icon on the menu bar at the bottom of this article)

David Montuoro is a co-founder and director of Bellmont Securities. He holds a Bachelor of Economics (Economics and Computer Science) and a Masters of Finance (Market Microstructure) from the University of Sydney.

Prior to establishing Bellmont, David worked in an advisory role at a Sydney based broking firm where he managed a book of private clients. Starting as the most junior adviser on the desk he quickly become a key person and regularly travelled around Australia representing the firm at seminars and events. In addition to his role as an adviser, David also assisted the firm as a trader / market maker, providing continuous quotes on intra-day SPI futures options and with this background developed an options valuation model for this niche market, a first in Australia.

He is passionate about the intersection of financial services and computer science and has developed a number of proprietary software systems, which sit at the heart of Bellmont’s operations.

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