Owning stock that you think is headed for the heavens is good, right? Well, yeah, we all love that.

 How about owning stock that may rise just a little—but let someone pay you a fee in return for your agreeing to sell them the shares at a modest profit? And perhaps doing this again and again, month after month, until—oh, either you get tired of making money, or the stock runs out of room to run?

Educated investors, including graduates of Wealth Magazine Investor Education, know this easy-to-use tactic to be writing covered calls. (more…)