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| Web site Offers New Capabilities for Stock and Options Investors |
Hockessin, DE -- January 19, 1998 (INB) -- PowerOptions announces
a new information service for investors who "write covered calls".
This is an investment strategy in which the holder of a given stock
derives additional income by selling options, against that stock, to
other traders. http://www.poweropt.com/
PowerOptions allows the individual investor to specify search
criteria and sort thousands of options from a database of all
optionable stocks. Search variables include strike price, month of
expiration and the percentage of gain if the option is called or not
called.
--Service Simplifies and Speeds Research--
According to PowerOptions Greg Zerenner, variables in the options
market can be very complex; the PowerOptions service can
reduce a weekend's effort of reading and calculating to a
five minute visit to the web site.
Says Zerenner, "No other database service allows the investor to
direct the sort and filter process and then run that sort over and
over again with different criteria. This powerful mechanism allows
investors to identify trading opportunities that would not have
otherwise been obvious and to increase potential profits from the
options market."
--Extensive Information Available for All Options--
Once a trading opportunity has been identified, the PowerOptions
web site provides additional information via a click through to
Yahoo Finance, which provides a graph and fundamentals about each
stock under consideration. Combined with the powerful capabilities
of the PowerOptionsPlus database for searching, filtering and sorting, this
information provides a complete solution to the needs of the covered
call trader.
[The PowerOptions site was created by the principals to meet
their own needs in Covered Call investing. The service was an
outgrowth of this need and the request of colleagues to make this
information available to others. They have filed a small entity
patent application based on novel features for valuation of option
trading returns, which give individual investors the type of
interactive service previously not available. The company is operated
out of Hockessin, Delaware.]
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