Technology is about as agnostic a sector as the stock market has to offer and even meets the stiff criteria of most socially conscious funds. By and large, the tech sector has bullish catalysts for just about every type of investor with the exception of the most ardent government or municipal bond investor.

Investing in technology can take the form of corporate bonds, convertible debt, preferred stock, common stock and the trading of options. The selling of call options for income is what gets the attention of many investors these days and for good reason. The volatility associated with technology can play to one’s favor if a well thought out covered-call strategy is utilized properly.

The advisory service Quick Income Trader does just that by investing in no more than seven high-growth stocks, most of which are technology related, and sells out-of-the-money call options against those positions on a monthly basis. I employ a two-step process to produce 7-15% monthly returns. Using technical analysis, the stock is purchased and then a limit order is entered at a price that only will be executed if and when the underlying stock rallies 3-5%. The combination of capital gains and call option premium is how we can generate 2-3 times the total return than just owning the stock outright.