Options Strategies - Selling Covered Calls and similar items

[Options Strategies] Selling Covered Calls and Puts Multi-Symbol - up to 3 instruments/symbols per single indicator Alerts - Strike/Break Even hits, Expiration Day, Support and Resistance/Trend Line Breakouts TA (Technical Analysis) with unique visual aid specifically developed for Options Selling Trading Organized Stats Table showing all important live trade data for each options trading setup This trading indicator assists with traditional covered options trading strategies like Covered Calls, Covered Puts, and Cash Secured Puts. It also offers advanced features for trading options intelligently by utilizing options specific levels, such as BE (Break Even) and Strike (all visually shown on chart) in combination with S R (Support and Resistance), Trend Lines, and other technical analysis tools such as MA (Moving Averages) and ATR Average True Range, all integrated within the indicator. Covered options approach over trading shares or options separately offers distinct advantages: Reduced Risk and Flexibility: Covered options strategy provides a more conservative approach by combining stock ownership with options trading. It reduces risk exposure compared to buying options outright or trading shares alone. Additionally, it offers flexibility in various market conditions. Profitability in Sideways Markets: Covered options allow for profitability in scenarios where the stock price is either moving optimally or remaining sideways. In contrast, just holding stocks might not yield significant gains in a sideways market, and buying options can result in losses due to time decay. Protection Against Price Movements: In covered options, if the stock price goes against the trade, the loss is mitigated by the premium received from selling the options. This provides a level of protection compared to other trading strategies where losses can accumulate more rapidly. Indicator Main Features Up to 3 instruments/symbols trade monitoring per 1 indicator instance (can add indicator several times to the chart for more instruments/symbols to be monitored). An Alert created in a few clicks notifying on critical level breaches such as Break Even (BE) and Strike, along with notifications for Options Expiration day, ensuring traders are promptly informed of significant developments in their positions. The Stats Table provides essential information, including total premium received for options, total premium + live profit/loss of the purchased stock, and the number of days remaining until options expire, enabling traders to monitor their positions and assess profitability.