Quote:
Originally Posted by jimmycooper
Same here. I've been writing calls every month for just over two years now and it's the easiest money imaginable. I don't get 4%, though. More like 1.5-2%. Higher premiums are nice, but they require more babysitting.
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Lots of people have been burned on covered calls. If underlying takes a dive you are still in the shitter and much less liquid, yes you get what you wrote, but that often times doesn't make up for the loss. Better is delta neutral.