Just a few weeks ago, my Maximum Income readers saw three of our covered call trades expire worthless.

Now, that may sound like a bad thing, but it’s actually my favorite part of the strategy. You see, every time one of our options expires worthless, it gives us the chance to write another option on the stock, capturing another big income payment.

Here’s a snapshot of our three positions that expired worthless on June 15.

As you can see, we’ve already generated a significant amount of income from selling call options on these three positions. And because our June options expired worthless, we can now sell another round of covered calls.

#-ad_banner-#On June 19, I sent my readers a trade alert with three new calls to sell and the amount of income they could expect to receive. In total, this latest round of options generated an additional $1,590 in income. And we’ll do it all again later this month when our July options expire.

In our current market environment, where safe income is tough to find, selling options on high-quality stocks like these could be among the best strategies available.

In simple terms, my strategy helps you collect extra income from some of the best stocks on the market — practically in an instant. It’s one of the easiest and safest ways to generate 20%-plus returns on a regular basis. Best of all, you can still collect your regular dividends — and pocket any gains the stock makes along the way.

Here’s how it works:

A call option gives the buyer the right — but not the obligation — to buy a stock from the call seller if it’s trading above a specified price before a specified date.

When you sell a call option, you accept the potential obligation to sell a particular stock at a specified price at a set time in the future. When you sell a call, you generate what I call “Instant Income,” also known as a premium, upfront.

I only recommend selling covered calls. A covered call strategy requires you to sell call options on a stock you just bought or already own.

Since you own the shares, you participate in any upside, and the income can offset some of the downside risk. So, you want to make sure you’re more than comfortable holding the stock for the long term.

How You Can Start Making Trades Exactly Like This…
I still remember the day I learned how to use covered calls. I didn’t waste any time using the strategy, and before long I was earning thousands of dollars in extra income each and every month.

I started sharing my insights with my Maximum Income subscribers a few years ago, and now they’re earning thousands in extra income every month, too.

Jim Q. from Canada gets about $800 every time he taps into his stock account.

John I. in Florida takes in about $1,000 per month this way.

And Stephen D. in Palm Beach is “projecting $25,000-$35,000 for the year…”

As for those stocks listed in the chart at the top? Those are real positions that we’re still making trades on every few weeks, and it’s not too late to start getting your share of the income.

If you’d like to learn more about how covered calls work, then I invite you to check out this report. It explains how they work, and details just how powerful they can be for you — whether you’re looking to boost your yields or looking for additional income in retirement. Visit this link to learn more.