Covered Calls & Short Puts: Buy‑Write Candidates on S&P 500

Bullish Gator

Scanned S&P 500 for buy‑write candidates above the 200‑day SMA with RSI

Editorial companion

What stands out

Patrick Ciummo ran a live S&P 500 screen looking for buy‑write candidates that were trading above their 200‑day simple moving average but with Relative Strength Index (RSI, a 0 to 100 momentum reading where below 30 means the stock has been falling hard) below 40, then added four example covered‑call and short‑put positions to a sample portfolio. The clip walks through trade selection rules, an adjustment to an existing position, and a balanced review of tools and the risks of options, highlighting how an income seeker might use these strategies without treating options as a free lunch.