Covered Call LLC

Covered Call LLC provides discretionary portfolio management for individual investors, managing about $27 million across a small client base and requiring a $25,000 minimum to open an account. Services listed in the brochure include fixed income, diversified mutual fund and ETF allocations, and a range of options-based approaches such as covered calls, option spreads and selling naked puts.

The firm begins client relationships with a consultation that produces a statement of principles to guide strategy selection and typically operates with discretionary trading authority, performing monthly reviews and more frequent monitoring for option positions. Many strategies are options-driven and described as personally developed by the principal since 1991; the brochure explicitly notes active trading, assignment risk, margin-call risk and that brokerage costs can negatively impact returns.

Notably, the firm emphasizes the use of derivatives in separately managed accounts — including liquid ETFs such as SPY and QQQ for covered-call programs — a practice that is uncommon among peers. The brochure also addresses international investment risks (currency and political risk) and highlights the principal’s prior professional experience in Japan and Hong Kong, and the firm reports a significant non-U.S. client base, indicating capacity to address cross-border investment considerations.