By John Jagerson, 27 Aug 2007 As many of you know, I am a big advocate for the advantages of using options in the forex. They are a great way to speculate, manage risk and hedge against losses in your forex portfolio. The same strategies used by options traders in the stock market can be applied to a forex position with a few minor modifications. One of the most popular options strategies out there in the stock market is the covered call. This idea can be used in the forex with similar benefits. The idea behind a covered call is to enter a long position in a security or forex pair, I will use the USD/CAD in this ... (full story)